It’s been a wild couple of months in the real estate world; here’s a quick market update for Austin, TX. Interest Rates: 2022 mortgage rates spiked after a historic low period in interest rates throughout 2020 and 2021. Right now rates are hovering around 5.5%. The 30-year average for mortgage rates is around 7%, so buyers […]
Should you wait to buy a house? This question is the number one topic Homespace clients have asked about this month. Rising interest rates and potential market volatility understandably have many would-be buyers cautious. Let’s break down what’s happening in the market so you can decide whether you should wait to buy a house or […]
It’s no secret that rising interest rates are affecting homebuyers. As rates increase, it’s normal for buyers to ask questions about affordability. Here are a couple things to keep in mind if you’re planning to buy in the next 1-2 years in Austin. First, keep in mind the historical mortgage interest rates. As you can […]
After a white-hot seller’s real estate market this summer, things are slowly cooling down to more of a ‘normal’ seller’s market in Austin. While home sales in the greater Austin area have, for the time being, somewhat stagnated, sales in the suburbs have soared. Take a look at some of the fastest-growing Austin suburbs! 1. […]
Temperatures in Austin are starting to show signs of fall. As the heat fades there’s no better time to check off some home maintenance items before Austin enters another unpredictable winter! Take a look below at a few must-do fall home maintenance tips. 1. Add or Clean Out Gutters Many homes in Austin do not […]
The pandemic has impacted real estate markets around the globe. As time goes on we’re able to get a stronger grasp on how homeowner priorities have shifted. Here are a few pandemic housing trends to keep an eye on, and one consideration to keep in mind down the line. 1. Suburbs > Cities For many, […]
As home prices rise and work-from-home becomes normalized, many homebuyers are turning their eyes away from skyscrapers and towards the suburbs. Check out some of the fastest growing suburbs in Austin! Note: All YTD pricing as of June 2021 Round Rock/Georgetown Ranked in the top #14 in the US to buy a house and #20 […]
Summer in Austin is heating up, and so is the real estate market! Q1 of 2021 had many asking how long Austin’s market could sustain the rapid pace of rising home values. We’re now well into the year and the answer is beginning to take shape. TLDR; pricing is expected to continue to rise in […]
Spring in Williamson County marks the start of property tax season. If you own property that has increased in market value by at least $1,000 in the last year, you should receive a Notice of Appraised Value from the Williamson County Appraisal District. Halfway down the notice are two numbers; assessed value for last year […]
Right now is a crazy time to buy and sell in Austin, Texas. Due to a number of factors (COVID, lumber shortages, new employers moving to Austin, low interest rates, etc.) the Austin real estate market is extremely hot right now. On average, homes are selling 5 – 20% over list price with multiple offers. […]