Hal's Real Estate News July 2024
(512) 925-4663
Making Summer Home Improvements? Here Are the Top Five ROI

Homeowners and investors aim to maximize their property value. Before diving into costly renovations, it's essential to know which upgrades offer the highest returns. The "Remodeling 2024 Cost vs. Value Report," from Zonda, ranks home improvement projects by return on investment (ROI). Interestingly, most top-ranking projects involve exterior upgrades, underscoring the importance of curb appeal... Read More
Going on Vacation? Use Smart Technology to Secure Your Home

With today's advanced home security technology, you can protect your home more effectively than ever. Here's how smart technology can keep your home safe from burglaries while you're away.

Motion Detection Lights
Install security cameras with integrated spotlights or floodlights that activate with motion detection. These lights will alert... Read More
Painting a Brick Home Is Trendy. Here's What You Should Know

For homeowners looking to refresh their home's exterior, painted brick has become the go-to, thanks to trends like modern farmhouse aesthetics and minimalism. However, it's smart to consider whether this trend will last. Styles change, and what looks appealing today could become outdated in the future, potentially lowering your home's resale value. Additionally, reverting painted brick is extremely difficult and will likely... Read More
Changes Ahead: How the
NAR Settlement Affects
Buying and Selling


On March 15, 2024, the National Association of Realtors (NAR) reached a significant settlement that will change how broker commissions work in real estate transactions. This settlement, which still needs court approval, aims to address complaints from home sellers and will take effect on August 17, 2024. Here's a breakdown of what's coming:

Written Agreements for Homebuyers
One major change is the requirement for real estate agents to sign written agreements with buyers before showing any homes. The terms need to be specific and clear... Read More
Sales Decline Amid Rising Prices and Inventory Growth

Existing-home sales fell slightly in April, according to the NAR. Every major sales region in the country recorded month-over-month declines, while every region, except the West, saw sales drop year over year. While the decline in sales was minor, Lawrence Yun, chief economist for the NAR, reported that the upper-end market was experiencing significant gains due to increasing supply.

Housing Inventory Trends
At the end of April, total housing inventory climbed to 1.21 million units, up 9% from a month ago... Read More

Featured Listings
Messinger Village - 78748
New build by Milestone. 3BR
2.5BA, 1,900 sqft, corner
lot. South Austin charm!
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North Hyde Park - 78751
Build your dream home in
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Price Improvement-$665,000
Fifth & West Residences
Unparalleled luxury with
unobstructed downtown views
2 BR, 2.5 Bath, and Study
Price Update - $1,590,000
Estates of Lakeway - 78734
4,719 sq ft luxury 1-story.
Exquisite remodel. Resort
like pool. Gated enclave.
Asking $1,590,000
Hal Patterson, REALTOR  -  (512) 925-4663 Hal's Real Estate News  -  July 2024 

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Hal Patterson, REALTOR, Keller Williams Realty, 1801 S. Mopac Suite 100, Austin TX 78746
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The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice.
If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.
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