Market Conditions Begin to Favor Buyers

Whether you are a current or prospective homeowner or renter, and regardless if you are considering buying or selling, it is important to know how the current state of the market impacts your daily decisions while living in Austin.

We understand the importance of providing you with a transparent outlook on the health of the local market so that you can make informed real estate-related decisions. Our monthly blog is here to provide you with the data to create clarity. Email us with the questions on your mind to include in a future newsletter article.

After a summer of ups and downs, the fixed rate on a 30-year mortgage has surpassed 6% for the first time since 2008, and the Fed continues to be aggressive in raising rates to fight inflation.

While…
Affordable Housing Resources in San Antonio: Getting Started

Safe and affordable housing is essential for every community, and affordability is a major issue facing renters and potential homebuyers across the country. When you start your home search, you may find yourself wondering how much you can afford and if there are any helpful programs that put the path to homeownership closer in reach. We’re here to help you understand San Antonio and Texas affordable housing programs and resources, so keep reading. 

 

In San Antonio, the rise in home prices with the median household income coupled with rising mortgage rates (and therefore higher monthly payments), has hurt purchase affordability.

 

“There is a reason people come to San Antonio, and we feel like the most popular reason is you can still find a house and…
Affordable Housing Resources in Austin: Getting Started

Safe and affordable housing is essential for every community, and affordability is a major issue facing renters and potential homebuyers across the country. When you start your home search, you may find yourself wondering how much you can afford and if there are any helpful programs that put the path to homeownership closer in reach. We’re here to help you understand Austin and Texas affordable housing programs and resources, so keep reading.

 

In Austin, the rise in home prices is outpacing income, according to a recent housing affordability outlook report by researchers at Texas A&M University’s Texas Real Estate Research Center. Factors like median household income and median home sale price coupled with rising mortgage rates (and therefore higher…