The Austin housing market is a bit stagnant right now, along with the air, heat, and even interest rates. It’s pretty easy to feel the effect of mortgage rates on the market. As soon as they start with a six, we get an uptick of homes suddenly going under contract. When the rates hit seven again, everything stops. Remember the schoolyard game red light, green light? It’s kind of like that. Here are some market insights and home buying tips to help you decide when to stop and when to go. Continue reading
Austin real estate news August 2023 is here. The Central Texas housing market shows that overall, the Austin Round Rock MSA is showing signs of recovery. The number of closed sales and pending sales are increasing year-over-year, and the median sales price is stabilizing. However, interest rates are still volatile, which could put some downward pressure on prices in the coming months.
What makes a home a condo? I represent buyers and sellers all over Central Texas. When I’m not looking for specific buyers, I’m touring new communities. I have seen various types of condominium regimes and neighborhoods comprised of fee simple single-family houses. Think you can tell a fee simple house from a condo? Think again. The perception is that you can tell a single-family house or duplex from a condo just by looking at it. Truth be told, there is nothing about the style of a house that dictates its classification.
