Archives for March 2024

Flourishing Trends: Texas Real Estate Market Soars in February 2024

March 24, 2024 By

Flourishing Trends: Texas Real Estate Market Soars in February 2024

As February 2024 comes to a close, the Texas real estate market stands as a beacon of resilience and prosperity, reflecting a landscape marked by vibrant growth and promising opportunities. Amidst a backdrop of economic stability and burgeoning industries, the Lone Star State continues to attract investors, homeowners, and businesses alike, cementing its position as a powerhouse in the realm of real estate.

The consistent rise in property values across a range of market groups is one of the most notable aspects of the current situation. Demand for residential properties, from luxury estates to single-family houses, has significantly increased, pushing prices to all-time highs. This surge can be attributed to several factors, including a robust economy, favorable interest rates, and a steady influx of individuals relocating to Texas in pursuit of job opportunities and a high quality of life.

The real estate market has seen unparalleled activity in major metropolises like Austin, Dallas, and Houston, with sales volumes at previously unheard-of heights. Competitive bidding battles and quick transactions have resulted from the increased demand for residential properties caused by the attractiveness of living in an urban setting combined with a booming job market. Because of these advantageous circumstances, sellers frequently receive many offers over asking price, and buyers are encouraged to move quickly to secure their ideal houses in this fast-paced market.

Texas’s commercial real estate market is likewise seeing a boom, with renters and investors showing a keen interest in office buildings, retail stores, and industrial sites. The demand for commercial real estate assets has increased as a result of the state’s diversified economy, which is highlighted by strong industries like manufacturing, energy, technology, and healthcare. The increasing demand for office spaces and commercial properties in Texas is a result of corporations looking to establish or extend their presence in the state, offering developers and investors attractive prospects.

In addition, the Texas real estate industry is seeing a rebirth in terms of sustainability and creativity. Developers are responding to the changing tastes of contemporary consumers by integrating energy-efficient features and green building concepts into their projects, with an increasing focus on eco-friendly practices and smart technologies. Texas is leading the way in adopting environmentally friendly real estate techniques, with mixed-use complexes featuring sustainable design components and residential communities certified by LEED, thereby creating new benchmarks for the sector.

Looking ahead, the outlook for the Texas real estate market remains exceedingly optimistic, buoyed by favorable economic fundamentals and a steadfast commitment to innovation. While challenges may arise, such as fluctuations in interest rates or geopolitical uncertainties, the underlying strength of the state’s economy and its enduring appeal as a destination for homeowners and businesses will continue to drive growth and prosperity in the real estate sector.

In conclusion, February 2024 paints a picture of a thriving and dynamic real estate market in Texas, characterized by robust demand, rising property values, and a commitment to innovation and sustainability. As the state continues to chart a course towards prosperity, investors, homeowners, and businesses alike can find ample opportunities to thrive in this vibrant landscape.

Filed Under: buying a home, home maintenance, Investment Property, Mortgages, New Homes Padre Island, North Padre Real Estate, property taxes, realtors, selling a home, spring cleaning, Whitecap Development Project

NORTH PADRE ISLAND HOUSING REPORT – FEBRUARY 2024

March 12, 2024 By

Corpus Christi Association of Realtors has posted the North Padre Island Housing Report for February 2024.

Our active listing median prices have dipped the past month to $403,700 this past month which is an 1.6% decrease from where it was compared to last Febuary at this time! CCAR shows us the data that is increasing for active listings by 82.3% with a total of 257 properties this past month while inventory Has risen at 8.6 compared to 2.8 last year at this time.

Days on the market for sale increased this past month with an average of 86 days and the highest categories for sales with 40.0% of all the sales being priced between $300,000 – $399,999. The market is still staying solid so far into 2024 with properties available across many pricing areas. North Padre Island’s newest development Whitecap NPI is open for sales of their lots in Phase 1, Contact Coastline Properties Agent Ms. Amber Spicak at their office for all pre-sales. amber@coastline-properties.com

We learned this morning that inflation as measured by the Consumer Price Index was 0.4 percent in February and 3.2 percent over the past year. Core inflation, which leaves out volatile food and energy prices in order to better parse inflation’s underlying trend, was also 0.4 percent over the month and 3.8 percent over the last year.

Cheri Sperling is the owner of Coastline Properties with a dedicated team of agents specializing in residential listings, sales, and property management in the Padre Island real estate market. Coastline’s team is the most knowledgeable real estate office on Padre Island. No pressure style, patience, and an intimate understanding of the local market. They go to work for you!

 

North Padre Island Febraury 2024 Data (Click Pic below for Larger Image)

north-padre-island-housing-report-december-2023

Filed Under: buying a home, Corpus Christ Real Estate Data, corpus christi business, Corpus Christi Foreclosures, home maintenance, Investment Property, Mortgages, New Homes Padre Island, North Padre Island, North Padre Real Estate, property taxes, Real Time MLS, realtors, selling a home, spring cleaning, Whitecap Development Project

Avoiding travel scams when planning for spring break

March 7, 2024 By

Spring break is a popular time for students to travel during a vacation from school. However, it
also presents an opportunity for scammers to offer fraudulent vacation rentals, flights, or hotels
designed to appeal to students and parents looking for a getaway. With spring break for many
Texas school districts occurring within the next month, BBB reminds consumers to be wary of
travel-related scams as they make their plans and finalize payments.

More than 55,000 travel, vacation, and timeshare fraud reports to the FTC in 2023 resulted in a
$120 million loss. Scammers often take advantage of consumer habits and capitalize on trending
internet searches, enticing consumers with great deals to popular destinations or all-inclusive
packages. While these scams persist year-round, they often increase in frequency during times of
the year that coincide with an increased interest in traveling, such as spring break and the holiday
or summer season.

To assist consumers in identifying and avoiding the most common travel scams, BBB provides
the following brief descriptions of the top five most-reported travel scams:

 Vacation rental con. These con artists lure in vacationers with the promise of low fees and great
amenities. The”owner” creates a false sense of urgency – such as telling potential clients that
another vacationer is interested in the rental – to get payment up before doing sufficient
research or questioning the ad’s legitimacy.
 “Free” vacation scams. When a cruise or travel company advertises a vacation as “free,” it does
not necessarily mean the trip is without cost or restrictions. Watch out for add-on fees for air
transportation, port charges, taxes, tips and other undisclosed fees.
 Hotel scams. When staying in a hotel, beware of scammers who use various techniques to
obtain credit card information, including fake front desk calls, free wi-fi connections and fake
food delivery.
 Third-party booking site scams. Use caution if you book your airfare, hotel, or other travel
arrangements through a third-party website. BBB Scam Tracker continues to receive reports of
scammers pretending to be online airline ticket brokers. In the most common version of the
scam, travelers pay with a credit card and, shortly after making the payment, receive a call from
the company asking to verify their name, address, banking information, or other personal details
– something a legitimate company would never do.

To avoid becoming a victim of a travel scam this spring break, Better Business Bureau
recommends prospective travelers follow these guidelines:

 Get trip details in writing. Before making a final payment, get all the trip details in writing.
Details should include the total cost, restrictions, cancellation penalties, and names of the
airlines and hotels. Also, review and keep a copy of the airline’s and hotel’s cancellation and
refund policies and the travel agency or booking site’s cancellation policies.
 Too-good-to-be-true deals. As is common in various scams, if the deal or discount seems too
good to be true, it probably is. Scammers often use this tactic to lure in potential victims and use
aggressive “limited-time” language to entice travelers to pay before researching the business.

 Avoid wiring money or using a prepaid debit card. These payments are the same as sending
cash. Once the money is sent, there is no way to get it back. Consumers can dispute payments
provided via a credit card, making recovering funds a much simpler process.
 Call the rental owner. If you are not using a service that verifies properties and owners, do not
negotiate a rental solely by email. Many scammers don’t live locally. Speaking with the owner
on the phone and asking detailed questions about the property and local attractions will clarify
whether the listing is genuine. An owner with vague answers is a clear red flag.
 Unsolicited offers. Be cautious if you win a free trip without entering a contest or sweepstakes.
This is especially true if the offer is time-sensitive and requires the consumer to pay a processing
fee or risk it going to another “winner.” Check the official website of the company the offer
originates from to verify that it is legitimate.

For more tips on how to avoid travel scams, visit BBB.org/Travel.

If you or someone you know has been a victim of a travel scam, report it to BBB Scam Tracker.
Information provided could prevent another person from falling victim.

Filed Under: Better Business Bureau, chamber of commerce, Charities, corpus christi jobs, cybersecurity, home maintenance, property taxes, Real Time MLS, realtors, selling a home, spring break