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.

We are experiencing more than the seasonal slowdown in the Austin housing market this fall. On one hand, buyers are finally getting relief from the skyrocketing prices and rapid selling speeds of the…

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 San Antonio. 

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.

We are experiencing a slower-paced housing market this fall. On one hand, buyers are finally getting relief from the skyrocketing prices and rapid selling speeds of the last two years. On the other…

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…

Google searches related to the phrase “housing market crash” are up dramatically. People can sense the market is moving, and it is. Demand has plateaued as fewer homes are going under contract and closing. This shift indicates we are moving toward a more ‘normal’ market. If demand doesn’t return soon, we may head into a strong buyer’s market. 

Here are some of the metrics we are tracking:

• Mortgage and inflation rates started to ease in July 
• We are rapidly shifting from a strong seller’s market toward a more balanced market
• Multiple offers are less common, but homes that are priced right are still selling quickly
• Price reductions are slowing as sellers get more serious about pricing competitively 
• On average, homes sold for less than their…

Google searches related to the phrase “housing market crash” are up dramatically. People can sense the market is moving, and it is. Demand has plateaued as fewer homes are going under contract and closing. This shift indicates we are moving toward a more ‘normal’ market. If demand doesn’t return soon, we may head into a strong buyer’s market. 

Here are some of the metrics we are tracking:

• Mortgage and inflation rates started to ease in July 
• We are rapidly shifting from a strong seller’s market toward a more balanced market
• Multiple offers are less common, but homes that are priced right are still selling quickly
• Price reductions are slowing as sellers get more serious about pricing competitively 
• On average, homes sold below list…

Housing markets across the nation are experiencing a transition back toward the range of pre-pandemic levels for buyer demand and home sales. This transition is not a bad thing. The pandemic years were not sustainable. 

You may be wondering if now is a good time to act. As Central Texas' #1 independent brokerage, we obsess over keeping our clients informed. This is why we analyze the data, speak with experts, and curate content answering your most pressing questions. Keep reading as we break down mid-year projections and share what we are seeing in our local residential real estate market.

The San Antonio Board of REALTOR®’s June market report shows the following:

• New listings increased 21% to 5,399 listings compared to June 2021 and increased 16%…

Over the past two years, home price appreciation increased rapidly due to an influx of buyer demand, artificially low interest rates, and historically low inventory. Years of underbuilding combined with sellers who held off on listing their homes due to the pandemic (or out of fear they wouldn’t have a home to move to) amplified these conditions. 

This level of record-high demand and record-low supply wasn’t sustainable. 

Now, the rapid increases in mortgage interest rates are cooling demand. The San Antonio housing market is moderating from a strong seller’s market to one that is more balanced.  

The San Antonio Board of REALTOR®’s May market report shows that the San Antonio market is shifting back to the market pace seen in the years leading up…

Over the past two years, home price appreciation soared due to an influx of buyer demand, artificially low interest rates, and historically low inventory. Years of underbuilding combined with sellers who held off on listing their homes due to the pandemic (or out of fear they wouldn’t have a home to move to) amplified these conditions. 

This level of record-high demand and record-low supply wasn’t sustainable. 

Now, the rapid increases in mortgage interest rates are cooling demand. The Austin housing market is quickly moderating from a red hot seller’s market to one that is more balanced.  

The Austin Board of REALTORS® May Housing Report shows that the Austin market is shifting back to the market pace seen in the years leading up to the…

If you’ve been thinking about buying a home in the last few years, it may seem like the current interest rates are high. Purchasing a home is one of the biggest financial decisions most people make. No one wants to feel like they’ve paid too much money, so you’ll want to do your research to make the right choice for your unique situation.

It may be tempting to want to wait until interest rates go down to buy a home. Before you decide on a plan, you’ll want to understand where rates have been in the past and why interest rates fluctuate. 

How do mortgage interest rates work?

According to The Balance, a mortgage interest rate is a percentage of your total loan balance. This rate is paid on a monthly basis until your mortgage loan is paid off, along…