Maximize Your Property Tax Savings in 2025
From filing or updating your homestead exemption to checking for additional tax breaks, this guide will help you take control and start the year on the right foot.
Market Perspectives Blog Post
Once again… The sky is NOT FALLING. Let’s dive once again into economic news, moving beyond the clickbait and sensational headlines that often dominate media coverage.
Let’s be clear: our hearts go out to those who have recently lost their jobs in any of the reductions that have been announced this month. As always, our goal is to provide a balanced perspective that helps you understand the broader economic context, encouraging informed discussions rather than reactive conclusions.
Recently, news broke that Tesla is laying off approximately 2,600 employees in Austin. While such headlines might initially seem alarming, it’s essential to view them in the broader context of Austin’s robust economy.Despite Tesla’s downsizing, these layoffs represent just a small fraction of the overall workforce in the Austin metropolitan statistical area. With a labor force that numbers in the hundreds of thousands, the impact of these layoffs, though significant for those affected, is relatively minimal on the city’s economy as a whole.
Austin’s economy has shown remarkable resilience and dynamism. Even now, the unemployment rate in Austin remains impressively low, standing at 3.6% as of February 2024, unchanged from the same period last year. This stability in the unemployment rate, compared to the historical average of 4.25%, indicates the city’s strong ability to maintain job opportunities.
Moreover, the economic strength of Texas as a state adds another layer of resilience. With a robust economic performance, Texas features diverse industries from technology to energy, which contributes to its low unemployment rate of 3.9% as of early 2024. This state-level economic stability supports and sometimes buffers local economies like Austin’s against potential economic downturns.
Austin continues to attract investments and new business ventures, thanks to its vibrant culture, innovative spirit, and favorable business climate. This ongoing influx of opportunities not only helps mitigate the effects of job losses but also contributes to the overall economic stability and growth.While the layoffs at Tesla are undoubtedly challenging for those directly impacted, the broader perspective is that Austin’s economy, bolstered by the economic strength of Texas, remains strong and well-positioned for the future. This event, though noteworthy, is just a minor ripple in Austin’s thriving economic pond.
Please DM here or email Info@adamtimothy.com to start your home buying or selling journey. The Austin market can be tough to navigate. Don’t try to do it alone. Let’s Talk.
Other Market Perspectives Posts
Mastering Your Homeowners Insurance for Savings and Peace of Mind
As part of our New Year Resolution series, let’s focus on a resolution you can actually keep—understanding your homeowners insurance. With rising premiums and shifting discounts, now is the perfect time to ensure you’re getting the best value while protecting your home. From uncovering what’s truly covered to navigating the post-storm premium hikes, this guide will help you take control of your policy, save money, and start the year with peace of mind.
December 2024 Austin Real Estate Market Update: Key Insights & Trends
Great news for Austin’s housing market! Compared to December 2023, homes sold are up 8%, and total sales volume increased by a whopping 16%! Sellers are getting smarter with pricing, as close-to-list price ratios are improving. While days on market are slightly higher, inventory is more balanced, creating opportunities for both buyers and sellers.
Choosing the Right Platform for Rent Collection and Tenant Coordination
Market Perspectives Blog Post Choosing the Right Platform for Rent Collection and Tenant Coordination As a landlord, managing your rental properties efficiently is crucial for
Fed Rate Cuts Are Here—But Why Aren’t Mortgage Rates Dropping?
The Fed also updated its economic outlook, and the takeaway is that we might see stronger growth and lower unemployment in 2025—but also slightly higher inflation. Because of that, they’ve scaled back their rate cut predictions for next year from four cuts to just two. Of course, if unemployment starts to climb, they’ve hinted they’ll act faster to adjust.
10 Home Improvements That Will Skyrocket Your Austin Home’s Resale Value (And 5 to Avoid!)
When it comes to selling your home, making the right improvements can significantly enhance its resale value. However, not all upgrades provide a return on investment (ROI), and some might even work against you. Knowing which improvements to focus on—and which to avoid—is key to maximizing your profit.
We don’t just buy and sell homes. We build community by helping clients find their place in the world.
Timothy Powles and Adam Stanley work together on the Adam Timothy Group at Compass RA and manage AT Real Estate Group LLC, a rental and vacation property investment business. We are about building community. We believe a real estate transaction is an important and extremely significant event but relationships last a lifetime. Our clients, partners, and friends trust us to get to know their story and what is most important to them. And we work tirelessly to retain that trust.
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