Hi y’all, welcome back to Selling Austin - your weekly local real estate recap.

Inside: Housing Market Sentiment🫣  + Upcoming Ecological Paradise 🌳 

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(*unbiased opinion)

WHAT'S INSIDE

• 🔢 THE DATA

• 🤠 WHAT’S HAPPENING AROUND TOWN

• ⁉️ WHAT THIS MEANS FOR YOU

• 🤤 HOUSE WORTH DROOLING OVER

🔢 THE DATA

I’m an ex-dentist turned Realtor - let’s work together! Email me, tweet me or send me a carrier pigeon. 🐦️ 

How the (stock) market might impact the (housing) market:

There’s a lot going on in general - let’s parse out some useful information for those of you in the market to buy/sell.

• Consumer confidence fell sharply in April. This is the 4th straight month of declines

• University of Michigan’s consumer sentiment index reported an 11% fall to 50.8. This is the lowest since peak pandemic.

  • The consumer confidence fall was “pervasive and unanimous across age, income, education, geographic region, and political affiliation.” - Joanne Hsu (Director of UM Survey)

  

  • Respondents expecting unemployment to rise has hit the highest since the 2009 recession

What does this mean?

Consumer sentiment is an important indicator of buyer/seller confidence but is just 1 data point to look at. We haven’t yet seen a meaningful impact on the housing market with the fear of inflation and tariffs.

Surveys like this one are considered “soft data” in economics. “Hard data” captures economic activity (sales etc.).

Here is what the Fed had to say about the University of Michigan survey -

We’ll have to keep a close eye on things 👀. Read more here.

🤠 WHAT’S HAPPENING AROUND TOWN

I’m surprised we’ve gone this long without mentioning Elon but we’re back.

Tesla has released plans of its ‘ecological paradise’ at Giga, Texas. I didn’t know what that meant so here are the details -

• 25 miles of walking trails

• 18 miles of bike trails

• A waterfront and Tesla expo/sports complex with soccer, baseball, basketball and tennis

• Riverfront boardwalk

• Fishing

• Playground

• Orchard

• 290 acres of waterfront green space

• 8 wildlife corridors

  
  

This will completely transform the existing space and make Giga, Texas a destination. If they live up to their plans, it will be incredible once it comes to life.🌳 

⁉️ WHAT THIS MEANS FOR YOU

If you’re a buyer/seller/investor/renter or just interested in real estate - this weekly newsletter will help guide your decision making and help you better understand the market.

🤤 HOUSE WORTH DROOLING OVER

Amidst the contemporary new builds and farmhouse style homes - I love to see wood accents and large, arched windows. It feels like home.

Yours for: $4,495,000

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