Austin Housing Market Report January 2023

It’s important to adopt fresh tactics and strategies to succeed in today’s market. Partnering with experienced agents and keeping up-to-date with the latest market trends in your area can help you make informed decisions that set you up for a successful future.

 

The Austin housing market is facing some unique challenges in 2023. In this blog post, we'll take a closer look at what's happening in the market and explore some potential solutions for buyers and sellers alike.


Although home prices in Austin have fallen by 18% since May 2022, the market is still favoring sellers due to flat housing inventory. The median home price is now at $450,000 as of January. The biggest hurdle for the Austin housing market is the shortage of homes for sale…

Realty Austin Dedicates It's 11th Austin Habitat for Humanity Home

Realty Austin dedicated their 11th Austin Habitat for Humanity home to Ms. Aida and her children on Saturday, February 11, 2023. As part of the company’s mission to support affordable housing in Austin, Realty Austin and its team of agents donated over $100,000 to sponsor and build the home.

 

Gabi Spreitzhofer, Jackie Horton, Ruth & Evonne Team, Jeremy Fisher, Manny Arce, Paco Bertsch, Rebecca Gindele, Rob Kellogg, Shannon Reeve, Suzanne Valentine, and Wendy Jansky Serra were spotlighted as Habitat Heroes this year for their unwavering commitment to giving back and dedication to supporting affordable housing solutions for our neighbors in need. Arce said, “I love giving back to Habitat since it gives back to the city that has given so much to me.…

9 Things to Avoid When Applying for a Mortgage

Buying a home is an exciting and rewarding experience, but securing a mortgage can seem daunting if you’re not prepared. To prepare yourself and increase the chances of approval, here are a few things to avoid when applying for a mortgage:

 

1. Don’t Apply for New Lines of Credit

When applying for a mortgage, it’s important to avoid applying for any new lines of credit. This includes credit cards, personal loans, or car loans. Applying for new credit can negatively impact your credit score, potentially affecting your chances of getting approved for a mortgage.

 

2. Don’t Make Any Large Purchases

It’s also important to avoid making any large purchases when you’re in the process of applying for a mortgage. Lenders assess your debt-to-income…

9 Things to Avoid When Applying for a Mortgage

 

Buying a home is an exciting and rewarding experience, but securing a mortgage can seem daunting if you’re not prepared. To prepare yourself and increase the chances of approval, here are a few things to avoid when applying for a mortgage:

 

1. Don’t Apply for New Lines of Credit

When applying for a mortgage, it’s important to avoid applying for any new lines of credit. This includes credit cards, personal loans, or car loans. Applying for new credit can negatively impact your credit score, potentially affecting your chances of getting approved for a mortgage.

 

2. Don’t Make Any Large Purchases

It’s also important to avoid making any large purchases when you’re in the process of applying for a mortgage. Lenders assess your debt-to-income…