Overcoming Down Payment Myths: A Guide for First-Time Homebuyers

Working with an experienced real estate agent can provide first-time homebuyers with valuable knowledge of the local housing market, access to off-market listings, and personalized guidance throughout the homebuying process. Their expertise can save you time and money, and help navigate potential roadblocks.

 

Buying a home is a significant milestone in life, but for first-time homebuyers, it can be an overwhelming and confusing process. One of the biggest hurdles that many potential buyers face is the challenge of coming up with a down payment. There are many misconceptions about down payments that can discourage first-time homebuyers from pursuing their homeownership dreams. In this blog, we'll discuss the most common down payment myths and debunk…
San Antonio 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 San Antonio 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 San Antonio have fallen by 11% since June, the market is still favoring sellers due to flat housing inventory. The median home price is now at $308,249 as of January. The biggest hurdle for the San Antonio housing market is the shortage of homes for…
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 compared…
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…
Austin Housing Market Report Year-End & December 2022

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 Austin setting 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…
San Antonio Housing Market Report Year-End & December 2022

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…
3 Things Homebuyers Need to Know

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…
What Caused the Growth in Housing Inventory?

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…
San Antonio Housing Market Report November 2022

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…
Is Buying a Home Still a Good Investment?

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…
Previous Next