Austin Luxury Group

Compass Reports Third Quarter 2024 Results

New York, NY - October 30, 2024 - Compass, Inc. (NYSE: COMP) (“Compass” or “the Company”), the largest residential real estate brokerage in the United States by sales volume for the third year in a row, announced its fin…

COMPASS National Real Estate Insights October 2024

We are excited to present the October 2024 edition of Compass Insights, featuring national real estate market data, and key economic trends across the U.S.   Interest rates were rapidly dropping in August and September, with most analysts expe…

Housing Market Predictions For Q4 & 2025

After weeks of steady declines, mortgage rates are finally within a range that brings the possibility of homeownership closer to reality for many hopeful buyers. Although home prices continue to break records, price growth is slowing due to loosenin…

COMPASS National Real Estate Insights September 2024

The following economic indicators have large ramifications for the housing market, the national economy, and the confidence people have regarding the future. The Federal Reserve Bank just reduced its benchmark rate for the first time in over 4 year…

Fed Cuts Interest Rates For First Time In 4 Years: Here’s What It Means For You

The Federal Reserve took the widely expected step Wednesday of announcing its first interest rate cut in years, a move that will have a major impact on the finances of Americans across the board, making borrowing cheaper, though the golden…

A 900-Acre Ranch Asks $42.5 Million, Becoming One of the Priciest Listings in Texas Hill Country

Michael and Susan Price met and spent their careers in Alaska, where they were both lawyers. But when it came time to retire, they wanted longer stretches of warm weather. “We loved Alaska,” said Susan, a California native, but “as…

Halfway through 2024, luxury looks stronger than in 2023

The U.S. luxury real estate market has made a stronger showing during the first half of 2024 than it did in the first half of 2023, according to midyear luxury reports from Coldwell Banker, Compass and Sotheby’s I…

2024 MID-YEAR ULTRA-LUXURY REPORT

The Ultra-Luxury Real Estate Market Remains Resilient The ultra-luxury real estate market in the United States exhibited exceptional strength in the first half of 2024, with 838 homes sold publicly at $10 million-plus, totaling $14.66 billion in sal…

COMPASS National Real Estate Insights July 2024

We are excited to share the July 2024 Compass Insights Report- including national real estate market data and economic trends with all of you. A special thank you to Patrick Carlise for his incredible work and analysis here.   Some Highlights: …

Americans are Flocking to Texas

They say everything’s bigger in Texas. And between 2020 and 2023, that seems to have been true of population growth. Nine of the 10 U.S. cities and towns where populations grew at the fastest clip during that period are found in the Lone…

ICON to 3D Print Neighborhood in Wimberley

 ICON, leader of advanced construction technologies pioneering 3D printing robotics, today announced its newest homes are coming to the community of Wimberley Springs, located just 40 miles south of Austin in Wimberley, TX and are available for…

COMPASS National Real Estate Insights June 2024

We are excited to share the June 2024 Compass Insights Report- including national real estate market data and economic trends with all of you. A special thank you to Patrick Carlise for his incredible work and analysis here.   Some Highlights: …

Compass Luxury Curated

Are you considering relocating or buying a second home? We have you covered! As a part of Elite25, COMPASS’ Top 100 Agents, and as founding members of REALM Global, we have established a network of top agents to connect you with each specializ…

Austin is Among the Top Cities to Start a Business

Americans are born with an entrepreneurial streak. It’s in our DNA. From the Gold Rush to the Industrial Revolution to the Internet Age, intense periods of innovation have molded our economy and sparked important societal advancements. That sa…

Renovation Projects with the Highest ROI

The release by Zonda of the 37th annual Cost vs. Value (CVV) report finds exterior improvement projects continuing a multiyear trend of providing home sellers with their greatest return on investment (ROI). Nine out of the top 10 projects …

Compass CEO Robert Reffkin Says The Luxury Market Is Back

The luxury market is back. That was Compass co-founder and CEO Robert Reffkin’s primary message during his latest appearance on CNBC’s “Squawk on the Street,” where he talked about home price trends, mortgage rates,…

Compass National Real Estate Insights May 2024

I am excited to share our May 2024 Compass Insights including national real estate market data and economic trends with all of you. A special thank you to Patrick Carlise for his incredible work and analysis here. Some Highlights: The U.S. median …

Austin's Annual State of Downtown Report

  We’re taking you Downtown, because the annual State of Downtown Report is here. The yearly report has been produced by the Downtown Austin Alliance since 2019, providing insight into economic indicators, the tourism secto…

Samsung to invest billions more in Central Texas

Dubbed the “Silicon Fields” by U.S. Rep. Lloyd Doggett, D-Austin, during a White House announcement April 15, Taylor is shaping up to become the new heart of a semiconductor cluster in Central Texas.Samsung Electronics signed a prel…

Add Elgin to List of Northeast Austin Suburbs Fixing to Boom

Qualico Communities is next in line to transform a swath of farmland in the quiet northeast Austin suburb of Elgin into a massive residential development.   The Canadian firm is set to start construction this fall on Triada, a 271-acre master-p…

Compass National Real Estate Insights April 2024

Key Points: The U.S. median house sales price increased in March and will almost certainly continue to rise in coming months. Its all-time high occurred in June 2022.   The median condo/co-op sales price jumped from February, and rose on a ye…

America’s Fastest Growing Counties

8 of the 10 fastest-growing counties in the country are in Florida and Texas, according to the latest Census Bureau report on population trends. Americans are migrating to these locales for the warmer weather, and the bigger and more a…

10 Best Markets For First-Time Home Buyers in 2024

First-time home buyers are a growing share of the market, making up half of all home buyers last year, according to Zillow’s Consumer Housing Trends Report. Homeownership is easier to break into in some markets than others, and Zillow has…

Everything You Need to Know About Austin’s South Central Waterfront District

Austin’s South Central Waterfront initiative — a plan encouraging intentional, Downtown-like development south of Lady Bird Lake — is gaining steam, with implementation potentially beginning as early as this summer. About…

Intracorp Plans Luxury Condos on South Congress in Austin

Intracorp will build Leland South Congress, a luxury condo development that adds to the neighborhood’s growing list of high-end apartments.  Located at 2121 South Congress Avenue, Leland will stand seven stories tall. Its 270 apartments r…

Compass acquires 3,100-agent Gulf Coast giant Latter & Blum

An uncertain market and a horizon filled with change haven’t kept Compass down, with the brokerage announcing Wednesday that it’s now entering two new states via the acquisition of Gulf Coast giant Latter & Blum. The acquis…

How to View the 2024 Solar Eclipse in Austin

What is a solar eclipse? A solar eclipse happens when the moon passes between the sun and the earth, blocking some or all of the sun to earth’s surface.   What type of eclipse is it? The 2024 eclipse will be a total eclipse. During a tota…

Luxury Living in Austin: Mastering High-End Real Estate Transactions

For discerning executives seeking a prestigious property in the vibrant city of Austin, navigating the high-end real estate market can be a daunting task. With decades of experience in the luxury real estate sector, Austin Luxury Group understands t…

Compass National Real Estate Insights March 2024

   

The Most Expensive Homes for Sale in Austin Right Now

Browse these top-tier real estate listings and see how much luxury living can cost you in the capital city of Texas

COMPASS #1 Brokerage in U.S. 3 Years in a Row!

Compass is #1! We are pleased to share that for the third year in a row, Compass remains the LARGEST brokerage in the United States in terms of closed sales volume (RealTrends 3/8/24).   Almost anywhere a buyer is considering moving, Com…

ICON Presents New Robotics, Software, and Materials at SXSW

Six years after ICON’s SXSW debut, during which the construction technology company launched the first permitted 3D-printed house, they returned to the conference to introduce four new products and technologies at their “Domus Ex Ma…

Expert Home Price Forecasts for 2024 Revised Up

Over the past few months, experts have revised their 2024 home price forecasts based on the latest data and market signals, and they’re even more confident prices will rise, not fall. So, let’s see exactly how experts’ th…

Compass Reports Q4 and Full Year 2023 Results

  New York, NY - February 27, 2024 - Compass, Inc. (NYSE: COMP) (“Compass” or “the Company”), the largest residential real estate brokerage in the United States by sales volume[1], announced its financial results f…

Compass National Real Estate Insights February 2024

We are excited to share our February 2024 Compass Insights with all of you. The insights report below helps to share some context around the trends we are seeing within the real estate market nationally.    

How Texas Ranks in the Booming World of Ultra-Luxury Real Estate

Anyone who’s tracked the luxury boom during the pandemic won’t be surprised to learn that ultra-high-end real estate has continued to grow year over year in America. And anyone who’s paid attention to Texas’ rapid recent g…

Report finds: AUSTIN BEST U.S. CITY

The Austin area has retaken the top spot on the Milken Institute's prestigious 2024 Best-Performing Cities list. Such a listing will undoubtedly draw the eyes of people looking for a new place to live or start a business, and it combats anyone's per…

COMPASS Ultra Luxury Report feat. Gary & Michelle Dolch / Austin Luxury Group

Top Growth States of 2023

U-Haul Announces Top Growth States of 2023   Texas netted the largest number of movers in one-way U-Haul® equipment in 2023, marking the third consecutive year it has finished atop the U-Haul Growth Index. Florida ranks right behind T…

Job Growth & Unemployment in Austin January 2024

Insights Austin is the 14th best performing among the top 50 metros, adding 32,800 jobs, 2.5% growth, in the year ending in December. The fastest job growth over the last 12 months occurred in Austin’s construction and natural resou…

The Best Places To Visit in 2024

So many places to see in the world. So many people eager to see them. International tourism reached about 90% of pre-pandemic levels in 2023, and the United States issued a record number of passports. And if you visited any popular de…

179 Ways Agents Who Are REALTORS® Are Worth Every Penny of Their Compensation

Original Article by: NAR

Peek Inside Some of the Most Expensive Homes in Austin

Waterfalls, wine cellars and spas. Peek inside some of the most expensive homes in Austin   The housing market across the five-county Austin region cooled way down as mortgage interest rates began climbing in 2022. But that doesn't mean prospec…

Reasons to Move to Texas vs California

Discover the Lone Star allure! From lower taxes to wide-open spaces, explore the top reasons why Texas is stealing the spotlight over California.   Lower taxes: Texas does not have a state income tax, while California has one of the highest s…

Goldman Sachs Housing and Economic Forecasts for 2024

BAM Key Details:  Goldman Sachs released updated housing and economic forecasts for 2024 through 2027, revealing bearish predictions on home sales over the next four years, along with bullish predictions on home prices.  Appearing on …

Compass National Real Estate Insights January 2024

We are excited to share our January 2024 Compass Insights with all of you. The insights report below helps to share some context around the trends we are seeing within the real estate market nationally. Given the recent drop in mortgage rates, there…

Markets With The Most Pent-Up Housing Demand

NAR has identified the following metros with the most pent-up housing demand. This statistic is based on how local markets compare to the national level using 10 crucial economic indicators, such as the number of affordable listings and po…

Federal Reserve Meeting Signals Rate Cuts Expected in 2024

Policymakers kept interest rates on hold for a third consecutive meeting, at their highest level in 22 years. Markets rallied with the news. Federal Reserve officials left interest rates unchanged in their final policy decision of 2023 and f…

Compass National Real Estate Insights November 2023

Award-Winning Architectural Home in Austin, Texas, Lists for $12.5 Million

Built in 2014 by Austin-based Alterstudio Architecture, the modernist five-bedroom house was designed to complement the Hill Country landscape   An award-winning architectural home in Austin, Texas, has hit the market for $12.5 million, making …

Texas Triangle Real Estate Markets Best in U.S. Going into 2024

Texas Triangle real estate markets best in U.S. going into 2024 Industrial sector a bright spot, with 17M sf in development pipeline   Real estate in the Texas Triangle is magnetic, according to the Urban Land Institute. Austin has the fif…

Job growth & Unemployment in Austin October 2023

Insights Austin added 42,200 jobs, growth of 3.3%, in the 12 months ending in September, making it the 7th best performing among the top 50 metros. The fastest job growth over the last 12 months occurred in Austin’s leisure and hospitali…

Hot Homes: Austin real estate for the macabre clientele

Hot Homes: Austin real estate for the macabre clientele   In honor of Halloween’s fast approach, we did a little house-hunting with a particular type of homeowner in mind. Check out these brooding, funky, or downright dignified homes th…

Compass National Real Estate Insights - October 2023

Compass Acquires Realty Austin & Realty San Antonio

Compass, a leading tech-enabled real estate firm, announces a landmark acquisition, welcoming Realty Austin and Realty San Antonio, the #1 independent real estate brokerage in Central Texas with $5.24 billion in sales in 2022. This partner…

Compass National Real Estate Insights September 2023

I am excited to share our September 2023 Compass Insights with all of you. The insights report below helps to share some context around the trends we are seeing within the real estate market. While rates remain high and the market expects higher for…

Economic Outlook- U.S., Texas, Austin

Understanding Mortgage Credit Checks

At Austin Luxury Group, we understand that venturing into the world of mortgages can be complex. One crucial component of this journey is the credit check. Here's a detailed perspective for your better understanding:The Mortgage Credit Check Process…

5 Extravagant Homes for Sale in Austin Right Now

As Austin continues to grow, more incredible houses are being built, renovated and put on the market throughout the city. Step inside some of the most extravagant home listings that are available for purchase right now.  7855 Escala Dr. (photo…

Cities With The Greatest Home-Price Growth Potential

    Doug Ressler, the director of business real-estate intelligence at Yardi Matrix shares five up-and-coming cities he thinks have the greatest home-price growth potential as new residents and jobs flood in — and the 2 riskiest…

Compass National Real Estate Insights August 2023

Worth of US homes nears $50T as real estate values hit all-time high

The total worth of homes in the United States hit a record high of $46.8T in June, overtaking the prior all-time high of $46.6T set a year earlier, according to the analysis by Redfin.   The United States housing market has officially recovered…

Luxury Home Prices Soar in June

Nearly 1 in 9 US homes command $1M as luxury prices soar in June The share of US homes valued at $1M or more stopped shy of a record notched last summer as high mortgage rates and low inventory drove home prices upward in June, a Redfin analysis sho…

Compass’ Q2 Earnings & An Important Milestone

Press Release: Compass, Inc. Reports Second Quarter 2023 Results   Compass, Inc. Reports Second Quarter 2023 Results Achieves Positive Free Cash Flow In Second Quarter New York, NY - August 7, 2023 - Compass, Inc. (NYSE: COMP) (&ldquo…

Austin's Housing Market Is “Weathering” The Turbulence

Here’s what local economists and housing experts foresee in near future for the Austin area’s housing market:   Austin’s housing market is in the midst of a brief period of decline — but it’s not all bad news.…

Mid-Year Ultra-Luxury Report 2023 featuring Gary & Michelle Dolch

The 2023 Mid-Year Ultra-Luxury Report provides a comprehensive exploration of $10M+ sales nationwide throughout Q1 & Q2. We invite you to explore this analysis of the ultra-luxury sector over the last four years.  In both stable and sh…

Travis Club gearing up to start construction on huge waterfront site

Travis Club gearing up to start construction on huge waterfront site First phase coming to fruition after more than a decade of planning; 1,000-plus acres to be transformed   Construction is finally nearing for a 1,058-acre master-planned commu…

Compass National Real Estate Insights - July 2023

This report includes important national-level data focused on the real estate market and the broader economic landscape such as mortgage rates and financial markets. Reach out for trends happening in our local market- Gary Dolch 512-656-5627

$18 billion deal reached: Texans to get biggest property tax cut in state’s history

After months of trying to reach a deal, leaders of the Texas Senate and House announced proposed legislation for property tax relief on Monday. Lt. Gov. Dan Patrick and Speaker Dade Phelan released a joint statement detailing the following proposed …

Texas Has Most-affordable Cities In The South

When it comes to affordability, Texas reigns supreme. Based on expense-to-income ratio, four of the top 10 most-affordable places to live in the Southern United States are in Texas, the Ascent reported.    Cedar Park, a fast-growing s…

Compass X BARNES: A Global Luxury Referral Program

Expanding and elevating our luxury offerings and reach are paramount to the Luxury Division, and Compass has taken the significant initiative of establishing an affiliate referral program with leading international firm BARNES International Realty. …

Austin Luxury Group Ranked #1 by The Wall Street Journal Real Trends

It is an honor to be ranked the #1 Real Estate Team in Austin by the WSJ Real Trends America's Best List!  With a lot of hard work and an unwavering dedication to our clients, we earned our place as the #1 Small Team by Volume in Austin, and #1…

Top 10 US Cities for Real Estate Development

What housing crisis? These 10 U.S. cities led the race to build over the past decade.   The urban real estate market has been on a roller coaster ride for the past few years. The pandemic initially hollowed out city centers, with their high-ris…

Compass Q1 2023 Earnings Recap & Analyst Coverage

Q1 2023 Earnings Recap & Analyst Coverage:   Revenue of $957 million in Q1 2023. Our revenue and Adjusted EBITDA were better than BOTH our guidance and consensus estimates provided by the analysts who cover Compass. We are on schedule t…

2022 Compass Ranch & Land Market Report

Large Southern Cities Lead Nation in Population Growth

Texas Continues to Top the Charts With Fastest-Growing Cities   Nine of the nation’s 15 fastest-growing cities were in the South, according to Vintage 2022 Population Estimates released today by the U.S. Census Bureau. Of the…

Texas is Fastest-Growing State in The Nation

Only state with more than three of the nation’s fastest-growing cities

How To Navigate An Ever-changing Housing Market

Anyone who keeps an eye on the headlines knows the housing market has been topsy-turvy over the past few years. First, the rush to move during the pandemic put a crunch on already tight inventory.1 This skyrocketing demand ushered in soaring home pr…

Property Tax Protest Process

Property tax appraisals for the current year's taxable values are issued in the spring in all counties. Here are a few tips to understand your statement and how to file a protest if you disagree with the value assigned to your property.   …

How Soon Can You Refinance Your Mortgage?

When you refinance your mortgage, you replace it with a new one. Sometimes, this allows you to get a lower rate or monthly payment, or it might also come with cash back, which you can use to cover home repairs or any other expense you…

8 Eco-Friendly Home Improvements And How They Make A Difference

What Does It Mean to Be Eco-Friendly? At its essence, being “eco-friendly” means you are not causing harm to the environment or people—but that can look like many different things. For example, greenhouse gases are almost inevita…

What Makes The U.S. Real Estate Market The Envy of The World

Claire Killen’s sister recently sold her home in their native country of Ireland. Things did not go smoothly. The selling process there, Killen explained, differs vastly from how it works in the United States. “She had to do all of her o…

Benefits of Investing in Real Estate

The benefits of investing in real estate include passive income, stable cash flow, tax advantages, diversification, and leverage. In this article, we explore the benefits of investing and common strategies for increasing positive outcomes.  As …

States With The Most Valuable Housing Markets

California’s housing market remains the nation’s most valuable, according to a new Zillow report. Real estate in the Golden State reached $9.5 trillion last year, representing 19.5% of the national total. Florida moved into sec…

Owner's Zeal for Curb Appeal May Pay Off

Demand for outdoor features continues to boom, but which projects stand to earn the most at resale? A report conducted by The National Association of Realtors takes a deep dive into why homeowners complete outdoor remodeling projects, the value of t…

Austin Tops List of Cities Least At-Risk for Housing Market Decline

ATTOM, a curator real estate data, released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines based on home affordability, foreclosures, and other measures i…

COMPASS named #1 Brokerage- Again!

Compass is #1! We are pleased to share that – for the second year in a row Compass remains the LARGEST brokerage in the United States in terms of closed sales volume (RealTrends 3/9/23).   In a little over 10 years, Compass went from…

Why experts say April will be the best time to sell in 2023

According to realtor.com, the best time to sell this year will be April 16-22. Sellers who list their homes during this window could boost their sale price by as much as $48K, if they come prepared with quality repairs, high-ROI updates, and st…

The State of The Luxury Real Estate Market

    In summary: We believe that there is a strong argument that buyers are now in their best position to buy- rates are lower than they will be this summer and inventory levels might be as good as they get, while sellers are still concern…

Why Austin is Still Among Top U.S. Markets for 'Ultra-Luxury' Homes

Austin tends to show up on a lot of "top 10" lists. Now it's adding one more notch to its belt. Austin ranked No. 7 in the nation for sales of "ultra-luxury" homes, or houses priced at $10 million or more, according to a report by residential real e…

4 Predictions From Leading Real Estate Economists On What To Expect From The Housing Market

Some aspiring homebuyers are in for some much-needed relief. “Right now might appear more appealing to some buyers because, recently, the housing market has been cooling. Prices are dropping in many areas, housing supply is rising, sellers are…

Mortgage Rates May Ease as Modest Fed Rate Hike Could Be Its Last

Mortgage rates have room to ease after Federal Reserve policymakers stuck to the script Wednesday, approving the smallest interest rate hike in nearly a year and signaling that the central bank is close to wrapping up its year-long rate-hike campaig…

COMPASS Ultra Luxury Report feat. Gary & Michelle Dolch / Austin Luxury Group

6 Reasons Why Compass CEO Believes Q4 Was The Bottom of The Market

      "For the first time in 10 months, all the statistics I look at are trending positively."   - Compass CEO, Robert Reffkin                   Robert Reffkin recently appeared on…

Household Real Estate Value Continues to Climb in Q3

At the end of 2022, data from the Federal Reserve showed that home equity and value hit a new high despite slowed home price growth. The total value of owner-occupied homes reached a massive $41.9 trillion, and over the past year, home val…

7 Kitchen Improvement Projects That Offer the Best and Worst Return on Investment

When taking on a kitchen renovation, wouldn’t it be nice to decorate to your heart’s content without any regard for what will appeal to future buyers? You might be in love with the idea of a built-in rotisserie oven or a tile backsplash …

2022's Top Relocation Destinations

U-Haul's transaction data for 2022 shows that the majority of its one-way rentals headed to popular southern and southeast regions, with Texas, Florida, and the Carolinas topping the list. Demand for equipment out of California, Illinois, and New Yo…

Celebrating 10 Years of COMPASS

A letter from our Founder and CEO, Robert Reffkin:   As we celebrated the first decade of Compass, I couldn't be more excited, focused and confident about building for the next decade — continuing this incredible journey that has already …

Top 10 Things To Do When Buying or Selling A Home

2022 Homebuyers: Don't Forget to File Homestead Exemption!

Homestead exemptions remove part of your home's value from taxation, so they lower your taxes. All residence homestead owners are allowed a $40,000 exemption from their home's value for school taxes. Individuals age 65 or older or dis…