The Biggest Mistakes Buyers Are Making Today

By |2024-06-01T16:30:48-05:00June 1, 2024|Real Estate|

Buyers face challenges in any market – and today’s is no different. With higher mortgage rates and rising prices, plus the limited supply of homes for sale, there’s a lot to consider. But, there's one way to avoid getting tripped up – and that’s leaning on a real estate agent for the best possible advice. An expert’s insights will help you avoid some of the most common mistakes homebuyers are making right now. Putting Off Pre-approval As part of the homebuying process, a lender will look at your finances to figure out what they’re willing to loan you for your mortgage. This gives you a good idea of what you can borrow so [...]

Killeen-Temple MSA February 2024 Housing Report

By |2024-03-17T13:26:06-05:00March 17, 2024|Market Reports|

*Please keep in mind this is for the entire Killeen-Temple Metropolitan Statistical Area (MSA). If you want zip code specific stats, I am happy to get them to you!* First up, we have the Months Supply of Inventory, which currently stands at 3.8. This number tells us how long it would take for all the current homes on the market to be sold if no new listings were added. A lower number like this typically indicates a seller's market, where demand is high and supply is limited. Next, we have the 12-Month Change in Months of Inventory, which has seen [...]

Killeen-Temple MSA January 2024 Housing Report

By |2024-02-20T10:11:22-06:00February 15, 2024|Market Reports|

Please keep in mind this is for the entire Killeen-Temple *metropolitan statistical area (MSA). If you want zip code specific stats, I am happy to get them to you! First up, we have the Months Supply of Inventory, which currently stands at 3.6. This number tells us how long it would take for all the current homes on the market to be sold if no new listings were added. A lower number like this typically indicates a seller's market, where demand is high and supply is limited. Next, we have the 12-Month Change in Months of Inventory, which has seen [...]

Killeen-Temple MSA November 2023 Housing Report

By |2023-12-22T12:23:37-06:00December 22, 2023|Market Reports|

Please keep in mind this is for the entire Killeen-Temple *metropolitan statistical area (MSA). If you want zip code specific stats, I am happy to get them to you! First up, we have the "Months Supply of Inventory," which currently stands at 3.8. This metric indicates how many months it would take to sell all the available homes on the market, given the current pace of sales. A lower number suggests a seller's market, where demand outpaces supply, and homes tend to sell quickly. However, the "12-Month Change in Months of Inventory" has seen an increase. This means that over [...]

Killeen-Temple MSA October 2023 Housing Report

By |2023-11-18T11:40:38-06:00November 15, 2023|Market Reports|

Please keep in mind this is for the entire *metropolitan statistical area. If you want zip code specific stats, I am happy to get them to you! First up, we have the "Months Supply of Inventory," which currently stands at 3.7. This metric indicates how many months it would take to sell all the available homes on the market, given the current pace of sales. A lower number suggests a seller's market, where demand outpaces supply, and homes tend to sell quickly. However, the "12-Month Change in Months of Inventory" has seen a slight increase. This means that over the [...]

Killeen-Temple MSA September 2023 Housing Report

By |2023-10-18T10:51:47-05:00October 16, 2023|Market Reports|

Please keep in mind this is for the entire *metropolitan statistical area. If you want zip code specific stats, I am happy to get them to you! Hey there, Killeen- Temple area neighbors! Ashley Billins here, your trusted REALTOR®. Let's dive into the latest market trends for September 2023. Did you know that there's currently a 3.5 Months Supply of Inventory? That means we are still in a seller's market, but finally approaching more balance between supply and demand in our area. And guess what? Over the last 12 months, Months Supply of Inventory has increased by a whopping +43.3% [...]

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