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Bill Morris
RE/MAX Capital City
13018 Research Blvd
Austin, TX 78750

Direct or Text: 512-785-3345
Email:              bmorris@remax.net

Texas Broker License # 505218

We take pride in our homes.  For most of us, our home is our largest physical and financial asset.  It's where we spend time with friends and family, where we may go for peace and quiet, and where we spend a lot of our hard-earned money.  It is much more than shelter, more than a residence.  It is "our place," with all the physical, mental, and emotional ties that implies.

Investment real estate shouldn't carry the emotional attachments of a home, but it can be a critical source of income and financial growth.  Financial assets -- stocks, bonds, etc. -- are an important foundation for many investors.  Real estate can provide more stability, current income, and predictable long-term growth.

I represent both buyers and sellers of residential and investment real estate throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs:

  • My relationship with a home seller begins with a thorough understanding of the client's objectives, needs, and timing. My ongoing analysis of properties and market areas throughout Central Texas provides the basis for a comprehensive analysis of each client's home.  Price consultation, property preparation and staging, and broad promotion of each property follow, and frequent communication -- showing feedback, market updates, and ongoing advice and counsel -- round out a successful listing engagement.  As a starting point, just ask me for a FREE Market Analysis. That may answer your immediate questions, or it could become the basis of a more comprehensive discussion.  That choice is yours.
  • My approach to buyer representation is also full service – shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction.  Looking for a new home?  Use Quick Search or Map Search to browse an up-to-date database of all available properties in the area, or use my Dream Home Finder form and I'll conduct a personalized search for you.

In both roles, honest advice and clear communication are what my clients expect.  The fact that more than 90% of my business is with repeat clients and their referred friends and family is a sign of success in meeting those expectations.  Client ratings that earned my selection for 6 consecutive years as a Five Star Professional -- representing less than 7% of Central Texas agents -- are also very gratifying, and humbling.

As you consider selling or buying Central Texas real estate, you'll find a lot of information on this website that can help.  Much of it is updated regularly, so come back often:

  • National and regional Market Trends is a thorough monthly e-newsletter you'll enjoy.
  • Average Mortgage Rates are up-to-date weekly.
  • As often as time allows, I update My Thoughts ...  on topics that I find important and interesting.
  • You'll also find regular market news on my Facebook and Twitter pages.

You'll find a details About Me and my approach to the practice of the real estate profession, and about why I am proud to be affiliated with RE/MAX and RE/MAX Capital City.

My business and personal experience tell me that service is the key to success and I look forward to serving you.

 

My Thoughts on Central Texas Real Estate

Williamson County Tax Appraisals Are Out

On March 30 I posted an article about rising tax appraisals in Travis County.  Here is today’s update from Williamson County:

Williamson County home values rise again in 2018

Williamson Central Appraisal District reports that the average increase in taxable value from 2017 to 2018 was 6%.  In It’s Tax Appraisal Season you saw that the increase in Travis County was 9%.  In both cases, strong demand and an under-supply of residential properties is the reason.

Of course, if you’re selling your home higher market value is good news.  If you’re staying and paying the taxes, you may have mixed feelings.  If you’re a buyer in the market now, though, you see the competition for available homes and you can watch prices increase rapidly.

I’ll have more on this as other nearby counties report, and I will offer an updated look at my market dashboard in the coming .

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Off to a fast start …

We’re about to finish the 1st Quarter of 2018, and there’s every reason to believe it will be another very fast-paced year.  In case you’re new to the Austin area or just haven’t been paying attention, this chart will put our market environment in perspective:

“Odds of Selling” is just a snapshot of  the percentage of active residential listings that sold each month — in this case, over the past 28 years — in the 5-county Austin metropolitan area.  The average over that entire period has been 25%.  The average since January 2013 has been 41%, and there were seven months over the past five years in which 50% or more of all active listings sold.  Notice that the only other time we reached that pace was in the first half of 2000.  This kind of seller’s market lasting for more than five years is truly unprecedented, at least in our area.

The obvious result of high demand and low supply is upward pressure on prices, and this chart bears that out:

Note that that graph covers a shorter timeframe, from near the peak of the last market cycle through February 2018.  You can see the brief impact of the 2008 market downturn, and an even briefer interruption before our area moved solidly into positive territory in 2012.

For a longer view of price trends in the Austin area, this chart is more useful:

Good times and bad, for almost 30 years, the Austin metro area has fared well, with prices basically flat following the dot-com bust in 2000 and again after the mortgage industry crisis in 2008 and during the “great recession” that followed.

I will post a more thorough review of my market dashboard when final data for the entire 1st quarter is available in a few weeks.  For now, I’ll just say that residential listing inventory across the metro area represented just 2 months’ supply in January and February 2018 (versus the 6 to 6 1/2 months’ inventory that most market economists consider “balanced”).  We remain in a seller’s market.

We are likely to see more listing activity in the coming weeks and months but the key, as always, is local job creation and population growth.  If those continue as they are now, then demand may continue to outpace supply.  I believe that will be the case in 2018, and we should buckle up for another busy year in Austin real estate.

It’s Tax Appraisal Season!

It’s that time again …. If you own property in Texas, you will soon receive your 2018 Notice of Appraised Value from your local appraisal district. This summary of what to expect in Travis County appeared in this morning’s Austin American-Statesman:

Home values keep on climbing in Travis County

If you have followed my Market Dashboard and comments about supply-and-demand issues in the Austin area, you shouldn’t be surprised that tax values are up.

I’ll provide similar updates about nearby counties as they become available …

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Testimonials

“Bill helped me through the worst buying transaction I’ve ever experienced. Dealing with the seller and his agent was a nightmare. There’s no way I would have gotten through it without Bill’s help.”
“We had a great time looking at properties with Bill. It took us a while, but with Bill’s help we succeeded in getting our dream home, and made a new friend in the process.”
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ABR - Accredited Buyer RepresentativeChildrenCRS - Certified Residential Specialiste-PROREALTOR® certificationNAR GreenCertified Distressed Property ExpertFive Star Professional