Posted by Ryan Ernst on Wednesday, August 26, 2020 at 2:01 PMBy Ryan Ernst / August 26, 2020Comment
The Greater Austin area’s housing market is continuing to bounce back, according to the Austin Board of REALTORS® (ABoR) latest Central Texas Housing Market Report. Compared to July 2019, residential sales in the five-county area increased 21.5% while sales dollar volume increased 36.7%. At the same time, the median sales price increased 10.7% to $353,000 and homes spent three fewer days on the market—an average of 44 days. “The jobs pipeline into Austin continues to create new economic opportunities and a double-digit percentage gain in new listings in July, coupled with buyers continuing to take advantage of historically low interest rates, allows us to be cautiously optimistic about the remainder of 2020,” said Romeo Manzanilla, 2020 ABoR President.
Posted by Shawn Culhane on Monday, December 2, 2019 at 12:50 PMBy Shawn Culhane / December 2, 2019Comment
October 2019 was a record breaker for the Austin area according tothe Austin Board of REALTORS® latest Central Texas Housing Market Report. The report shows that an average of 100 people per day move to our area which has resulted in continueddouble-digit percent increase in home sales.The median price of a single-family home in Austin area rose 7.4% in October to $327,500 and home sales increased 16.8% while both active listings and inventory decreased year over year. To get a full overview of what’s going on in your area, contact us today for a free market evaluation....
Posted by Shawn Culhane on Monday, September 23, 2019 at 11:07 AMBy Shawn Culhane / September 23, 2019Comment
IF YOUR MORTGAGE WAS ORIGINATED IN 2018, THEN IT MIGHT BE TIME TO CONSIDER A REFINANCE.
According to new data, 80% of mortgages from last year carry an interest rate at least 0.75% higher than today’s prevailing rate (3.49%, according to Freddie Mac).
But 2018-borrowers aren’t the only homeowners who could benefit from today’s low-rate environment. Data from property analytics firm Black Knight shows that pre-2004 mortgagees could also save big. Nearly all of this cohort could shave 1.75% off their interest rate or more with a refinance.
In total, Black Knight says more than half of American homeowners with a mortgage have...
Posted by Shawn Culhane on Wednesday, March 29, 2017 at 3:54 PMBy Shawn Culhane / March 29, 2017Comment
Have lake property values gone up now that Lake Travis is back to full pool? We’ll break down the numbers today.
Thank you for sending us your questions. Today, we’ll answer Rebecca, who asked, “Have lake property values accelerated now that Lake Travis is full?” Lake Travis dropped to its lowest point in 2011 thanks to the drought. In May of 2015,...
Posted by Shawn Culhane on Thursday, March 9, 2017 at 3:35 PMBy Shawn Culhane / March 9, 2017Comment
Whenever a client asks me how the market is doing or where it’s headed, I usually have one answer for them: it depends on where you look.
Today I’d like to answer a question that I get frequently from many of our clients: where is the market going? My answer to this question is usually, “It depends on where you look.” We’ve put together some specific market stats that help us align where different price points...