Most of us understand by now how mortgage rates are influenced by the Federal Reserve’s Discount Rate. The Discount Rate being at 0.00% for most of our economic recovery has been responsible for the record low interest rates we’ve been experiencing – and enjoying – for years. However, we should Read more…
If you saw the Trulia headline that said Austin Homes are overvalued by 19%, you might be a little anxious – especially if you’re considering a purchase or have recently purchased. No-one wants to buy something that will potentially be worth four fifths of what they paid for it in Read more…
I was chatting to an agent a few days back who was convinced that the extreme sellers’ market in Austin was coming to an end. Is it true? Do we have inventory piling up? Her claim was that we were seeing price reductions throughout the central part of the city Read more…
Yes! Yes, you can! It can be a challenge to buy any home in Austin Texas right now. Maybe you’re aware of this, or maybe you’ve already experienced the challenge. This is an understatement – but with some preparation and a little work, you can make it happen. Prices are Read more…
There are only 2.8 months of housing inventory reported in the Austin Multiple Listing System by the Austin Board of Realtors a week ago. There are stories of stampeding buyers trampling agents at open houses. Are buyers in danger of overpaying for homes in an Austin Housing Bubble? OK, so Read more…
With the increase in mortgage rates, is the Austin housing market finally cooling down? As rates have increased over 1% in the last months, you might expect that to put the brakes on Austin’s runaway housing market, and we certainly wouldn’t expect to see the extreme sellers market persist for Read more…