An Economist’s View on the Market: Key Takeaways from Dr. Ray Perryman
It’s been a crazy year with regard to the economy, real estate, etc. Last week, I was at our quarterly meeting up in Waco and we heard from Dr. Ray Perryman with some encouraging/interesting insight on the national economy, Texas, and real estate in particular. Here are some key takeaways/snippets: We are a million jobs …
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Making Sense of the Austin Real Estate Market…
The last 2 1/2 years have been crazy when it comes to real estate, across the country and specifically here in Austin. The beginning of 2020 (pre-Covid) was met with a high buyer demand… We were already writing multiple offers on properties at – or slightly above – asking price as early as January/February BEFORE Covid. THEN… Covid …
Selling AND Buying Real Estate in this Market
There’s no doubt that by now you know that the Austin real estate market is going crazy! And while we are in a massive seller’s market right now, more and more inventory IS coming on the market as we move into the spring! It’s pretty easy decision if you’re going to be LEAVING the Austin area …
Housing Prices to Drop Further?
Everyone is looking for the “roadmap” for real estate right now! Having been at the epicenter of the 2008 crash, I am constantly educating folks on the similarities and differences between the two. Basically, in 2008… housing CAUSED the crash. In 2022, housing is a symptom of the “mess” in the overall economy due to …
September 2022 Statistics
Let’s break these numbers down! Home prices are STILL up year over year! Closed sales are down 18% (This simply means there are few ‘transactions’ taking place… Interest rates have risen and put some people on pause). Average Days on Market (up to 40 days, from 23 a year ago. This means the multiple offers/bidding …
Mortgage Rate vs. Purchase Price
For the past few months, one of the “strategies” we’ve been using is to “buy down” the rate. In other words, pay $X amount up front to bring the long-term rate down by Y%. For example*, a lender may offer the borrower the ability to reduce their interest rate by .25% in exchange for a …
Where is the housing market headed?
The market IS shifting… but it’s nothing like 2008! The last few months have been a whirlwind when it comes to the economy, inflation, a recession, etc. And if you feel a little like a deer in headlights, I can totally understand! I’ve been through the ups and downs of real estate personally and with …
Real Estate Math
I hope you’ve had a great summer! My apologies for fewer emails/updates and info over the past few months! It was a first for us with elementary age kiddos home for the ENTIRE summer and mixing in some vacations and camps! I sure have learned a lot about time management and kiddos and had to …
Seller Tip: Know Your Buyer
Marketing 101: Know Your Audience. The more you know about WHO is likely to buy your house, the better your marketing will be and the more “qualified” buyers will tour your home.Sure, anyone CAN buy your home, but who would absolutely love your home the most? (Ex. young couple, single professional, family with children, recently …
