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…

New markets require new approaches and tactics. Working with a trusted real estate expert in your local area will help you make an informed decision for your future.

Now is the time of year when housing industry experts analyze the market data to forecast what’s to come. We’ve rounded up a few of the most important predictions for you to consider below, but before we get to it, let’s talk about how we finished 2022.

Median home prices peaked in May and declined by 16% through December. The year ended with the median price for a home in Austinsetting a new annual record of $503,000, according to the Austin Board of REALTORS®. Despite this record, the housing market continued shifting towards buyers as home sales declined 18% last year and…

New markets require new approaches and tactics. Working with a trusted real estate expert in your local area will help you make an informed decision for your future.

Now is the time of year when housing industry experts analyze market data to forecast what’s to come. We’ve rounded up a few of the most important predictions for you to consider below, but before we get to it, let’s talk about how we finished 2022.

Median home prices peaked in June and declined by 6% through December. The year ended with slight increases in average and median prices for a home in San Antonio at $379,000 and $324,000, respectively, according to the San Antonio Board of REALTORS®. Despite this increase, the housing market continued shifting towards buyers as home…

New markets require new approaches and tactics. Working with a trusted real estate expert in your local area will help you make an informed decision for your future. 

Is now a good time for you to buy a home? The answer is “maybe” until you know all your options. Different motivators create the need to move for every individual or family. Don’t be fearful of fluctuating mortgage rates to put off your needs or what is important to you and your family. A trusted real estate advisor can help you navigate the market. There are many unique options, including affordability resources and creative financing, to help you move forward with confidence. The affordability challenge is real, but we’re here to help.

1. You can “buy down” a mortgage rate

High…

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 blogs are here to provide you with the data to create clarity. Read below to gain valuable market insights and connect with one of our local agents today!

After a decade of low-interest rates and rising home values, 2022 continues to be a year of transition. Spiked mortgage rates and elevated prices have moderated the peak frenzy of buyer demand (pending…

On Friday, November 4, Realty San Antonio agents and staff gathered for their 2nd Annual San Antonio Habitat for Humanity home build to build a home for the Flores Family. Realty San Antonio agents donated $10,000 and 105 volunteer hours throughout the build.

The Flores family is thrilled to start building a better future and leave their unaffordable living conditions behind.  Homeowner Angelica Flores said, “We will feel secure in a new and nice neighborhood. With the affordable mortgage payment, it will allow me to go back to school.” Angelica also hopes her new home will allow her to cut back on hours at work and sign her boys up for a sport. “Having this home will make me feel like I achieved something great. We can’t wait to be living in our own…

Whether you are a current or prospective homeowner or renter or are considering buying or selling, it is important to know how the current state of the market impacts your daily decisions while living in Central Texas. Our blogs are written to provide you with the data to create clarity so that you can make informed real estate-related decisions. Read below to gain valuable market insights and connect with one of our local agents today!

Median home prices in San Antonio declined for the fifth month in a row to $314,625 from their peak in June at $348,200. Homes are still appreciating year over year by 5% for the month of November 2022 according to data from the San Antonio Board of REALTORS®. Homes are now selling for 94% of their asking price, as…

Whether you are a current or prospective homeowner or renter or considering buying or selling, it is important to know how the current state of the market impacts your daily decisions while living in Central Texas. Our blogs are written to provide you with the data to create clarity so that you can make informed real estate-related decisions. Read below to gain valuable market insights and connect with one of our local agents today!

For the first time since 2019, median home prices in Austin remained unchanged year over year at $467,000 for the month of November 2022, according to the Austin Board of REALTORS®. Home prices in Austin have declined for six consecutive months from their peak in May at $550,000. Homes are now selling for 90% of their…

Whether you are a current or prospective homeowner or renter, and regardless of whether 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. Read below to gain valuable market insights and connect with one of our local agents today!

Mortgage rates have eased into the mid-6% range, improving affordability compared to last year’s highs. At the same time, Austin’s housing supply has risen to 5.9 months of inventory, giving buyers more choices and negotiating power. Sellers are responding with…