News in the WC
Ready… Set… RIDE!! The WC Wild Ride Scavenger Hunt is back for a third year for more fun, costumes, scavenger hunting, and the opportunity to network with real estate professionals across the county! Whether you want to get your team together and join the WCREALTORS in a scavenger hunt or advertise your services to the members of WCREALTORS, this fan favorite is the event for you! The prize for the winning team is half of the registration pot, with 100 players, that is a $2000 prize! Register Your Team | Advertising Opportunities
Part of our duty in Association leadership is to continually explore new and innovative ideas that will help our members achieve their goals and maximize their income. The MLS is the single biggest piece of technology REALTORS® have in their toolbox and is critical that our MLS solution be continually reviewed to ensure we are recommending the best state of the art technologies for both the short term and long term needs of our Members.
Earlier this year, the Williamson County Association of REALTORS® was approached by Temple-Belton Board of REALTORS® along with Bryan-College Station Regional Association of REALTORS® and Fort Hood Area Association of REALTORS® to discuss a powerful and innovative concept of consolidating MLS systems while keeping their Associations intact with the premise focused around consolidating MLS systems and not the local Associations/Boards. The goal of the initial meeting was to discuss the possibilities of a regional MLS, its benefits, and to ascertain if the conversation had enough interest and merit to warrant a second meeting.click here to read more
The housing market is poised for one of its largest expansions in history. By 2024, demographic and economic changes are forecasted to bring 15.9 million additional households on board, according to a new study released by the Mortgage Bankers Association.
That means an average of 1.6 million additional households per year, sparking “housing market growth over the next decade that would be among the strongest the U.S. has ever seen,” according to the report.
The MBA report says the bulk of that growth will be from increases in the number of households who are headed by those age 60 and older and households headed by age 45 and younger. Those age group increases are expected to mitigate the decline among households age 45 to 60.click here to read more
Homebuilders broke ground on new homes at the fastest pace in about eight years, according to statistics released by the Commerce Department Tuesday.
“A fresh supply of new homes will therefore reach the market in upcoming months to help relieve the inventory tightness,” says Lawrence Yun, the chief economist for the National Association of REALTORS®. “There is no need to worry about an oversupply. Even more production would be welcomed.”
An increase in single-family housing starts led the strong rebound in housing production in July, climbing 12.8 percent month over month to a seasonally adjusted annual rate of 782,000 units. The volatile multifamily market, on the other hand, dropped 17 percent last month to 424,000 units.click here to read more
News You Can Use
The Nutty Brown Cafe and Amphitheatre will relocate from Southwest Austin to Round Rock after Round Rock City Council on Thursday approved the sale of McNeil Park to the venue’s owner.
City Attorney Steve Sheets said the city offered for sale the 18-acre park property, which is located near I-35, and received a bid of $1.1 million. Sheets said city staffers asked about the property’s intended use in the property’s bids. Staffers learned that the buyer–named in city documents as James Michael Farr–listed the intended use as relocating the Nutty Brown Cafe, Sheets said.click here to read more
Cloud-based software company LiveOps will move its corporate headquarters from Redwood, California, to Cedar Park after the Texas Enterprise Fund awarded the company a grant of $1.2 million, the governor’s office announced July 30.
Larry Holt, assistant director of economic development in Cedar Park, said the city competed with several other states and Denver, Colorado, for LiveOps and its 80 California employees.
LiveOps also plans to add at least 150 employees in Cedar Park with an average annual salary of $75,000. The corporation’s new headquarters will include at least 25,000 square feet and will be built on a site that has not yet been chosen, Holt said.click here to read more