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Why Moving to a Smaller Home After Retirement Makes Life Easier

By |2024-07-12T12:54:25-05:00July 12, 2024|Real Estate|

Retirement is a time for relaxation, adventure, and enjoying the things you love. As you imagine this exciting new chapter in your life, it's important to think about whether your current home still fits your needs. If it's too big, too costly, or just not convenient anymore, downsizing might help you make the most of your retirement years. To find out if a smaller, more manageable home might be the perfect fit for your new lifestyle, ask yourself these questions: Do the original reasons I bought my current house still stand, or have my needs changed since then? Do I really need and [...]

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Worried About Mortgage Rates? Control the Controllables

By |2024-06-21T13:35:56-05:00June 21, 2024|Real Estate|

Chances are you’re hearing a lot about mortgage rates right now. You may even see some headlines talking about last week’s Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound like they do. The truth is, mortgage rates are impacted by a lot of factors: geo-political uncertainty, inflation and the economy, and more. And trying to pin down when all those factors will line up enough for rates to come down is tricky. That’s why it’s generally not worth it to try to time the market. There’s too much at play that you can’t [...]

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Why Mortgage Rates Could Continue To Decline

By |2023-12-20T09:13:50-06:00December 20, 2023|Real Estate, Uncategorized|

When you read about the housing market, you’ll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed). But how do those two things impact you and your homebuying plans? Here's what you need to know. The Federal Funds Rate Hikes Have Stalled One of the Fed’s primary goals is to lower inflation. In order to do that, they started raising the Federal Funds Rate to slow down the economy. Even though this doesn’t directly dictate what happens with mortgage rates, it does have an impact. Recently inflation has started to cool, a signal those increases worked and are [...]

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Austin Residential Market Trends

By |2023-07-17T11:18:10-05:00July 17, 2023|Market Reports|

June 2023 Market Update for Austin, Texas  The Austin real estate market is sizzling, and here are the latest market trends you need to know: 1️⃣ Inventory Update: Currently, there are only 4.47 months supply of inventory in Austin. This means there is high demand and limited supply. 2️⃣ Inventory Growth: Over the last 12 months, the Months Supply of Inventory has surged by an impressive +92.67%. This indicates a rapidly evolving market. 3️⃣ List to Sold Price: The List to Sold Price percentage stands strong at 97.7%. This shows that sellers are receiving close to their asking price, giving [...]

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Austin- Round Rock January 2023 Housing Report

By |2023-06-18T10:05:23-05:00January 18, 2023|Market Reports|

As we look at the January Austin-Round Rock Housing Report, it's clear that the local real estate market is shifting in the new year. The infographic provides a snapshot of the key data take-aways, including the median home price, number of active listings, days on the market, closed sales, and months of inventory. If you have any questions about the data or want to know more about the January Austin-Round Rock Housing Report, I'm here to help. As a local area expert, I have the knowledge and expertise to provide you with valuable insights and guidance. Whether you're a first-time [...]

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2023 Real Estate Market Outlook (And What It Means for You)

By |2023-04-28T17:58:46-05:00January 3, 2023|Real Estate|

Last year, one factor drove the real estate market more than any other: rising mortgage rates. In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation.1 And while some market sectors have been slow to respond, the housing market has reacted accordingly. Both demand and price appreciation have tapered, as the primary challenge for homebuyers has shifted from availability to affordability. And although this higher-mortgage rate environment has been a painful adjustment for many buyers and sellers, it should ultimately lead to a more stable and balanced real [...]

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