Below is one of several articles you will see in this newsletter pertaining to mortgage rates.  When the Federal Reserve dropped the rate by one quarter percent in September, the long-awaited change set off a series of positive effects on our home sales market.  Jerome Powell, the Federal Reserve chairman essentially killed our robust housing market that ran from June/2020 to June/2022 by...

  You may have seen online that new home inventory is at its highest level since the crash. And if you lived through the crash back in 2008, seeing new construction is up again may feel a little scary. But here’s what you need to remember: a lot of what you see online is designed to get clicks.  Full article here: What Everyone’s Getting Wrong About the Rise in New Home Inventory (512)...

NAR Chief Economist Lawrence Yun explains how today's housing market differs from the 2008 housing market crash.  Full article here: Ask the Economist: How Does the Current Market Compare to the 2008 Housing Market Crash? (512) 853-0110 or robert@AustinTxHomeSales.com If you are unable to open the link/article above, please let me know so I can get it to you another...

  Single-family built-for-rent construction fell back in the second quarter, as a higher cost of financing crowded out development activity. Over the last four quarters, 71,000 such homes began construction, which is a 16% decrease compared to the 85,000 estimated SFBFR starts in the four quarters prior to that period. This is great news as these large institutional investors buying up homes the past 10...

  Home buyers today are navigating elevated mortgage rates and high prices that have been blamed for straining budgets. At first glance, new construction—which often carries a premium over resale homes—may seem out of reach. But a new study from realtor.com® shows the price gap between newly built and existing homes has fallen to a record low.Prospective Buyers Rush for Loans as Rates Drop Full...

Texas cities dominated a ranking of the best real estate markets in the country, according to a recent WalletHub study — and Austin made the top 20. Full article here: 5 Texas cities dominate housing markets (512) 853-0110 or robert@AustinTxHomeSales.com If you are unable to open the link/article above, please let me know so I can get it to you another...

  As the global economy evolves, certain cities in the United States are experiencing rapid population growth, which is contributing to a rise in home values. This trend is driven by factors such as job opportunities, quality of life, and a thriving local economy. Here are 12 cities where population growth is expected to significantly impact the housing market, making them prime spots for homebuyers and...

  Mortgage rates are finally heading in the right direction – and buyers are starting to jump back in. According to the data, buyer demand picked up considerably once mortgage rates hit a new low for 2025. The Mortgage Bankers Association (MBA) reports that applications for home loans were up 23% compared to the first week of September last year. Full article here: Why Now May Be a Key 2025 Moment...

  Even with more homes on the market right now, some buyers are still having a tough time finding the right one at the right price. Maybe the layout feels off. Maybe it still needs some updating. Or maybe it’s just more of the same. That’s why more buyers are turning to new construction – and finding some of the best deals available today. Full article here: Builder Incentives Reach 5-Year...

You’ve been waiting for what feels like forever for mortgage rates to finally budge. And recently they did – in a big way. On Friday, September 5th, the average 30-year fixed mortgage rate fell to the lowest level since October 2024. It was the biggest one-day decline in over a year. Full article here: Mortgage Rates Just Saw Their Biggest Drop in a Year  (512) 853-0110...