Michael Reilly
@TexasReillyInvestor | Residential Developer | Former Owner @ReillyRealtors | Former Co-Owner @RealtyAustin | Always buying, building or remodeling something around Austin.
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This is gone parabolic. Buckle up.
Wow Lots happened while on vacation. Austin has over 10,000 active listings. We have not seen that since 2010/2011
Pot fillers over the stove are stupid status symbols. I know... let's put a faucet with NO drain directly over a 20k appliance. Why??? Are you really cooking that much pasta?
If weren’t for real estate agents, I don’t think any residential real estate would actually transact Buyers and sellers would just be pissing each other off and constantly falling out of contract 😂
Real life examples of how a lot of real transactions happen: Potential buyer sees home on Zillow and clicks the blue button to schedule a showing. Zillow connects buyer with agent (often on a large flex team and for a referral fee) and they schedule the showing. New NAR…
Tons of hate on Realtors lately. Absolutely love my Realtor. I buy 8-10 properties a year with her. After I build I sell 8-10 properties a year with her. I lean heavily on her when making decisions that total as much as 8 figures a year in transactions. She constantly…
Been saying the same thing. The austin market has bottomed. Up from here.
So the GS Article about Austin Giving up 25% (Jan '23). Came true we gave up 24.6% Mar '23, That was the dip. We have set a new record on the Jan '24 25.01%, and have a 25.61% for Feb in the books. I am officially advising Investors to start pulling triggers in Austin.
Dear coffee drinkers, You know sugar free Red Bull exists and you don’t have to drink bitter bean water. Just saying…
2021 vibes.
🚨 If you’re looking to buy in Austin Texas, we are probably at our bottom for the year Our new listings are down, buyers are returning and we are net negative about 50% of a years purchases (ie we sell 11.8k homes per year & between ‘23 and ‘22 we are over 5K sales short)…
I was one of those 90% first time Tesla buyers in 2023. I’ll never go back to an ICE car.
Tesla on ads: "On the demand front, we made investments in educational campaigns in 2023. We fully appreciate the importance of customer education. Our data suggests 90% of vehicle buyers in 2023 never owned a Tesla before. We are being creative in figuring our ways to bring in…
Great idea!
Realtors should be disincentivized if their listing sells under asking price. A dollar for dollar rebate off their commission for every dollar under their suggested list price. $200k house @ 6% is $12,000. If the house sells for $190k, they should only get $2000. Seem…
MULTIPLE entities have tried to disrupt the commission-based, co-broked residential real estate transaction model. Rex. Foxton's. Purple Bricks. Zillow Offers. Opendoor. Even Redfin keeps re-making its model into a more and more traditional commission-based brokerage model.…
Austin: Summer
The True Tax: New York City: The Winter 🥶 Los Angeles: The Traffic 🚥 San Francisco: The Fog 🌫️
Austin was a lot cooler 184 years ago.
Estimated ages of these cities: Las Vegas: 118 years Austin: 184 years Chicago: 190 years Dubai: 224 years Toronto: 230 years Washington, DC: 233 years Sydney: 235 years Los Angeles: 242 years San Francisco: 247 years Montreal: 381 years Boston: 393 years New York City: 399…
1/5 This mortgage rate situation will make the student loan thing look like child's play once a critical mass of people start identifying with the righthand side of this chart. Right now, there aren't many of them, so they have no collective voice. They aren't happy.
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