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…
Most active real estate brokerages have current war stories about buyers being in bidding wars in this sellers’ market, and multiple offer situations. It’s been the case in some of my areas for over a year now, so hopefully the mass media has picked up on this and the penny Read more…
A friend recently saw so many coming soon signs in his neighborhood that he was concerned that the Austin sellers’ market was over and that a flood of inventory was going to bring the market back into balance in no short order. Indeed there are more $500k+ Austin homes for Read more…
In a housing market like Austin where one in three home listings (per the MLS) fails to sell despite local economic indicators looking good, is University Hills faring any better? It’s certainly a different picture to the one six months ago where the number of foreclosed homes was bringing down Read more…