George Wang
Broker/ Realtor®
Texas Fortune Realty
P O Box 160371
Austin, TX 78716
Phone: (512)694-6060
WeChat: GeorgeWangAustin
Email: GeorgeWang3@gmail.com
TREC #605970
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The decision to buy or rent a house depends on various factors, and there isn’t a one-size-fits-all answer. However, numbers won’t lie, in this blog, we will take a close look from the financial/number side, because building equity is one of most important aspects of house ownership, besides living quality, stability and security.
The spreadsheet I created is to determine the required annual appreciation in house value to offset the cost difference between buying and renting. In the provided example, the annual appreciation in house value must be 3.72% over the five-year ownership period to cover the additional expenses associated with purchasing and owning the house. The spreadsheet is based on assumptions of a $500,000 house price, a 6.25% interest rate on a 15-year fixed mortgage, a 20% downpayment, and approximately 2.25% property tax. These figures were typical for the Austin area at the time this blog was
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As a selective public magnet high school, Liberal Arts & Science Academy (LASA) is one of the best high schools in Austin area, it offers rigorous, interdisciplinary curriculum and hands-on learning opportunities. In this post, I will share the college placement data of LASA High School between 2021 and 2023. The table below summarizes the enrollment statistics.
Check out my other posts on central texas high schools.
Table One: Austin LASA High School College EnrollmentGraduation Year202320222021Total Graduates321295308Brown University003CalTech102Columbia University101Cornell University211Dartmouth University010Duke University001Harvard University311MIT113University of Pennsylvania101Princeton University101Rice University242Stanford University412Yale University101Berkeley302CMU221UT-Austin385241Texas A&M493142
While LASA is open to all Austin ISD residents, admission is competitive and contingent on application, academic record and test scores. LASA focuses on STEM fields and provides excellent opportunities to students. Every year, about 95% of LSAS graduates will enroll at 4 year institutions, and about 50% will attend Texas colleges. Many of the LASA’s top students went
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If you are looking for top high schools in Austin area, Westwood high school will be among the best. In this post, I will share the college placement of Westwood High School for the year 2002 and the year 2023 graduates. The table below summarizes the enrollment statistics.
Check out my other posts on central texas high schools.
Table one: Westwood High School College EnrollmentGraduation Year2023202220212020201920182017Total Graduates672634707644600641620Brown University0100001Columbia University0100001Cornell University2220300Dartmouth University2010320Duke University1123020Harvard University3021142MIT1351200University of Pennsylvania1111010Princeton University0101110Rice University54421311Stanford University0111212Tufts University0000110Yale University1110000Berkeley6334332CMU7142310UT-Austin7772891019211287Texas A&M79747348353335
In summary, about 93% of Westwood high school graduates will attend college, and more than 60% will spend their college life in the great state of Texas. Many of them will have the opportunity of going to top elite universities thanks to the excellent academic education from Westwood High School.
As a real estate agent with 10+ years of experience, almost all my buyers consider school district
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If you are looking for top high schools in Austin area, Westlake high school will be among the best. In this post, I will share the college placement of Westlake High School for the year of 2002 and the year of 2023 graduates. The table below summarizes the admission and enrollment statistics.
Check out my other posts on central texas high schools.
Westlake High School College Admission for 2022 and 20232022 (717 Graduates)2023 (695 Graduates)CollegeAppliedAdmittedAdmitted %AttendingAppliedAdmittedAdmitted %AttendingBrown University4112.44%15024.00%1Columbia University4000.00%05036.00%1Cornell University6134.92%250612.00%4Dartmouth University2600.00%03313.03%1Duke University5235.77%153611.32%4Harvard University40410.00%05511.82%1MIT34514.71%54312.33%1University of Pennsylvania5400.00%05946.78%3Princeton University3213.13%14224.76%2Rice University8866.82%4891112.36%6Stanford University5535.45%36722.99%2Yale University3625.56%15111.96%1UT-Austin35929782.73%8640727968.54%88Texas A&M29921371.24%5932721766.41%74
Some Key Points:
In 2023, there was an overall increase in the number of applications to most elite colleges, but the admission percentages varied.Some colleges, such as Columbia, Duke, and Princeton, saw a rise in their admission percentages from 2022 to 2023.More than 70% of applicants got admitted to the University of Texas at Austin or Texas
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AUSTIN, Texas — In the Austin-Round Rock MSA, housing inventory reached 4.0 months of inventory, the highest level in more than eight years, according to the Austin Board of REALTORS® September 2023 Central Texas Housing Market Report.
The market also experienced a drop in closed sales, which decreased by 18.2% year over year to 2,387 sales, and the median close price dipped 4.3% year over year to $452,080, both symptomatic of higher mortgage rates and highlighting the need for sellers to connect with and rely on REALTORSⓇ.
In September, sales dollar volume fell 19.8% year over year to $1,390,205,344, while homes spent an average of 65 days on the market, up 24 days from September 2022 across the Austin-Round Rock MSA. New listings decreased 7.0% year over year to 3,644 listings, active listings jumped 7.8% year over year to 10,235 listings and pending listings rose 7.7% year over
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AUSTIN, TX — In the Austin-Round Rock MSA, closed sales rose by 1.4% to 2,939 sales, the first increase in closed sales year-over-year since February 2022, according to Austin Board of REALTORS® August 2023 Central Texas Housing Market Report. Through the Austin-Round Rock MSA, the region also experienced an 8.8% month-over-month increase in closed sales, a healthy indication of buyer confidence in the market. Housing inventory also continues to show gradual progress with a year-over-year increase of 1.0 month to 3.8 months of inventory.
In August, sales dollar volume fell 6.0% to $1,713,589,878, while homes spent an average of 60 days on the market, up 28 days from August 2022 across the Austin-Round Rock MSA.
The median price slightly dropped 7.6% to $460,000 while new listings ticked up 0.3% to 4,084 listings, active listings jumped 12.2% to 9,955 listings and pending listings rose slightly 2.0% to 2,686
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AUSTIN, Texas — According to the Austin Board of REALTORS® July 2023 Central Texas Housing Market Report, closed listings increased 0.6% year-over-year to 2,815 closed sales across the Austin-Round Rock MSA. When considering July 2022 is when the market initially began to stabilize, and when combined with pending sales rising 14.5% to 2,892 pending sales, the housing market is poised for a strong finish to 2023.
In July across the Austin-Round Rock MSA, sales dollar volume dropped 7.2% to $1,668,708,916, while homes spent an average of 59 days on the market, up 37 days from July 2022.
The median price also dropped 10.3% to $462,000 and new listings fell 23.7% to 3,884 listings. Active listings increased 12.8% to 9,663 active listings while housing inventory increased 1.0 months to 3.7 months of inventory.
City of Austin
837 – Residential homes sold, 1.3% more than July 2022.$550,000 – Median price for residential homes, 12.0%
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AUSTIN, TX — During the first six months of 2023, the Austin-Round Rock MSA housing market remained robust and continued to normalize despite macroeconomic factors impacting the housing market and economy, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Despite increased inventory across the region, long-term solutions to address affordability and housing availability are still needed. ABoR will once again convene experts from across the community this month to continue advancing housing solutions designed to ensure the future of the region’s housing market is equitable and sustainable.
Last month across the MSA, residential home sales declined 8.5% year over year to 3,147 closed sales while the median price also dropped 9.6% to $483,000 for the month of June. Sales dollar volume fell 15.6% to $1,921,766,942 and new listings declined 23.6% to 4,638 listings.
The number of homes on the market jumped 38.4% to 9,631 active
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AUSTIN, Texas — In May, home buyers and sellers saw more opportunity across the Austin-Round Rock MSA according to the Austin Board of REALTORS® May 2023 Central Texas Housing Market Report. Housing inventory grew 2.2 months to 3.4 months of inventory and active listings soared 118.9% to 8,960 active listings indicating buyers and sellers view the market as a more favorable environment than in recent months.
In May, pending sales across the MSA slightly dipped 0.5% to 3,243 pending sales, while homes spent an average of 65 days on the market, up 49 days from May 2022. The median home price declined 15.0% to $467,500 while residential home sales also decreased 4.2% year-over-year to 3,411 closed sales. At the same time, sales dollar volume dropped 14.8% to $2,068,145,860.
City of Austin
In May, home sales slightly decreased 7.6% to 1,028 sales, while sales dollar volume fell 19.6% to
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AUSTIN, Texas — The Austin-Round Rock MSA housing market is outperforming national trends while continuing to balance, according to the Austin Board of REALTORS® April 2023 Central Texas Housing Market Report. The most recent National Association of REALTORS® data (March 2023) found that home sales declined 22.7% nationally while in Central Texas, they declined 14%, demonstrating resilience of the region’s economy.
Last month, Austin-Round Rock housing inventory increased 2.4 months to 3.2 months of inventory, and homes spent an average of 71 days on the market, up 53 days from April 2022.
The median home price fell 15.1% to $466,705 while residential home sales also declined 18.8% year-over-year to 2,611 closed sales and sales dollar volume dropped 29.3% to $1,545,088,361. New listings declined 10.6% year-over-year to 4,115 listings while pending sales rose 0.2% to 3,267 transactions.
City of Austin
In April, home sales decreased 31.0% to
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