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Affordable Housing | Stanberry Stories Blog

Thursday, November 3, 2022   /   by Jenny Carroll

Inflation and Rent - A Short Discussion

Contributed by John Case
Dripping Springs Stanberry Office
We are telling you something that you probably already know. Rents are high; incredibly high! While the answer is a little obvious, there are 3 reasons, all of which are subsets of the real reason.
1)     There really is too much money in the economy for the available goods that it is chasing. It may not feel like it if you haven’t had a raise in a while but rents have been increasing faster than many household incomes have.
2)   There are not enough places to rent. This has become more and more true over the past 5 years. The demand for properties to lease, has exceeded the number of them available. This creates a condition of demand outpacing supply which results in this demand pushing up lease rates simply because the demand had families bidding up what they are willing to pay. In this way many families have insufficient income for the home they need or want and must search for a home that . ...

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  home, affordable housing, buying power, inflation, interest rates

Tuesday, July 19, 2022   /   by Jenny Carroll

What's Up With Interest Rates?

By John Case
You’re right, they’re up. From the looks of things, it appears that they may be so for some time. However, despite the doom and gloom that we see on TV, hear on the radio, or read in the paper or social media, this does not necessarily mean that if you have been looking to purchase a home that you are shut out of the market until such time that rates retreat to the levels we have seen for the past couple of years. 

Here is a little grounding for you with a long-term perspective. Interest rates have been declining since the early 1980’s. This mean that for many of you, you have not seen rates increase for 40 years. Without this perspective, any increase that you see in today’s mortgage market will look to be high. Through the past 40 years, the rates we see today are very inexpensive.

In you were to take out a mortgage today, 3 things are likely to happen. First, interest rates may continue to increase. This will make you look like a geni. ...

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  family, home, affordable housing, buying power, interest rates

Monday, April 12, 2021   /   by Jenny Carroll

Development Spotlight: The Grotto of Dripping Springs

What could be better than combining the beauty of the Hill Country of Dripping Springs with brand new, affordable, modern farmhouse townhomes? It sounds unattainable, right? Ruben Contreras, Co-Owner of Hidden Oaks at Dripping, LLC. together with Stanberry Realtors® is excited to bring to you a development in the heart of Dripping Springs that offers just that. 
You are invited to can come see for yourself what a comfortable and convenient lifestyle The Grotto has to offer. Contact your favorite Stanberry agent today for more information. O 512-327-3910
Each townhome starting in the mid $400's. See the flyer here.

The Grotto, a sustainably built development currently under construction off 290, just west of Highway 12, is nestled on ±25 acres and sits minutes from DSISD’s highly rated schools and Dripping Springs city retail and service centers. The community will eventually consist of 100 modern farmhouse styled condo townhomes to be built i ...

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  family, home, new, dripping springs, affordable housing, grotto

Wednesday, November 11, 2020   /   by Jenny Carroll

Community Spotlight: Foundation Communities

 
What is Foundation Communities?
If you've driven through Austin you've likely seen a Foundation Communities (FC) property. Created in 1990, they have helped Central Texans experiencing homelessness as well as teachers, veterans, service industry employees, and elderly or disabled persons or those experiencing other hardships into housing opportunities in beautiful, well-constructed communities throughout Austin and north Texas. Through grants and charitable donations, they've built 23 thoughtfully designed properties that have their over 7,000 resident's best lives at heart. There are thousands of people on the waiting list to be residents at a FC property so they are constantly looking at opportunities to build more housing for those who need it. There are 5 new properties planned for 2021 and hopefully more to come in the future.
Not only are these properties well thought out but they also are built using the most up-to-date green standards and many are constructe; ...

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  family, home, new, exercise, freedom, housewarming, foundation communities, affordable housing