Welcome to the Blog

2013-03-04 05:56:49
Is This A Good Time to Buy or Sell in Austin?

Everywhere I go, people want to talk about this 'hot' real estate market we're having here in Austin. Does that mean now is the time for you to buy or sell if you've been on the fence? Well, maybe....let me explain.

Real estate usually represents your largest financial asset and you should not be unduly swayed by market conditions. In other words, market conditions are only one consideration to take into account. Austin home sellers are clearly benefitting from a lower than normal inventory level of homes in the marketplace which is translating to higher prices and higher buyer activity. Statistically, we have less than 3 months of homes on the market; a 'balanced' market in our area is 6 months. Lower numbers = competition among buyers = higher prices.  Basic supply and demand, right? Good news for Sellers.

How about Buyers? The good news here is interest rates are still low. We've been hearing for months that interest rates will likely 'rise soon' so what's really happening? In April of 2013, FHA loans are going to increase in cost. This is the first change that could negatively impact buyers that we've seen in a couple of years and likely points towards a slowly changing trend in the mortgage markets. But interest rates are still at record lows, benefitting Buyers.

If you're considering buying or selling, call me to discuss your specific situation. I'll help you determine the best scenario for you in any market. Have a great week!


Blog Archive
2017-07-24 07:55:09
What Does an Agent Do All Day Anyway?

2017-04-20 07:39:18
Don't Be Fooled by These Three Selling Myths

2017-03-21 08:01:53
Plumb Crazy - Plumbing and Foundations

2017-03-09 15:27:31
Agent VS FSBO (For Sale By Owner)

2017-02-22 07:28:01
How Does a Home Warranty Work?

2017-02-22 07:24:15
Little things make a big impression on buyers

2017-02-16 07:52:12
How to Get the Primary Residence Capital Gains Tax

2017-02-09 05:09:37
U.S. News list ranks Austin best place to live in

2016-10-19 10:11:31
Austin Ranked High by Tourists

2016-08-17 07:01:20
What's That Gonna Cost?

2016-07-05 05:52:01
SELLERS: How to Get Ready for Your Home Inspection

2016-06-26 07:57:51
10 Reasons You Need an Agent

2016-04-02 09:15:16
Fastest Gowing Cities in America

2016-02-23 08:23:17
Housing Seasonality-How Does It Affect Buyers/Sell

2016-02-08 09:31:02
3 Things to Ignore When Pricing Your Home

2016-01-25 10:22:50
Texas Luxury Home Sales Report

2016-01-12 07:52:12
Wonder What Your Realtor Does Behind Your Back?

2016-01-01 13:23:44
6 Reasons to Contact a REALTOR in 2016

2015-12-02 07:06:12
SELL IT, SANTA! Debunking 3 Myths on Holiday Home

2015-11-16 08:33:32
Does a Home Warranty Cover Known Conditions?

2015-10-31 07:55:31
7 Dirty Little Staging Secrets No One Tells You

2015-10-29 06:48:36

2015-09-26 07:58:48
7 Reasons to Use a REALTOR When Selling Your Home

2015-08-14 10:19:19
What Is The Biggest Reason For Mortgage Delay

2015-08-11 07:18:30
Home Prices Up Again in Austin Area

Click here to see ALL articles.

Comment on this Article

Your Name:
Your Email:
Verify:  Please enter the numbers shown to help eliminate spam.