Housing Starts End 2024 on an Up Note

Fueled by solid demand, single-family construction moved higher in December despite several headwinds facing the industry, including high mortgage rates, elevated financing costs for builders and a lack of buildable lots. Overall housing starts increased 15.8% in December to a seasonally adjusted annual rate of 1.50 million units. Full article here: Housing Starts End 2024 on an Up Note (512)...

How Mortgage Rates Affect Your Monthly Payment

Experts say rates will come down slightly in the year ahead – but some volatility is expected. So, you shouldn't try to time the market. Instead, it's better to focus on how even a small change impacts your future mortgage payment. As rates come down, even a little bit, your monthly payment on your next home will too. Want to see what this looks like at a different price point? Let’s connect. Full...

Roughly 11,000 Homes Will Sell Today – Will Yours Be One of Them?

Are you hesitant to sell your house because you’re worried no one’s buying with rates and prices where they are right now? Here’s some perspective that can help. The market actually isn’t at a standstill. While there weren’t as many sales last year as there’d be in a normal market, roughly 4.15 million homes still sold (not including new construction). And the expectation is that number will...

The Truth About Credit Scores and Buying a Home

Your credit score plays a big role in the homebuying process. It’s one of the key factors lenders look at to determine which loan options you qualify for and what your terms might be. But there’s a myth about credit scores that may be holding some buyers back. Full article here: The Truth About Credit Scores and Buying a Home (512) 853-0110 or robert@AustinTxHomeSales.com If you are...

2025 Housing Market Forecasts

Wondering what to expect when you buy or sell a home this year? Here’s what the experts say lies ahead. Mortgage rates are projected to come down slightly. Home prices are forecast to rise in most areas. And, there will be more homes available for sale. Want to know more about what this could mean for your plans this year? Let’s connect to discuss your 2025 goals.   Full article...

Austin #5 on U-Haul growth list of one-way truck rentals

Three cities in Texas ranked in the top ten for growth, according to the moving company. U-Haul ranked cities by rentals of trucks, trailers and container boxes. These rentals are generally linked to families moving from one city to another. U-Haul said they handled about 2.5 million of such rentals in the U.S. and Canada annually.   Full article here:  Austin #5 on U-Haul growth...

What To Save for When Buying a Home

Knowing what to budget for when buying a home may feel intimidating — but it doesn’t have to be. By understanding the costs you may encounter upfront, you can take control of the process. Here are just a few things experts say you should be thinking about as you plan ahead.   Full article here:  What To Save for When Buying a Home (512) 853-0110...

Single-Family Permits Up in November 2024

Over the first eleven months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 912,910. On a year-over-year (YoY) basis, this is an increase of 8.2% over the November 2023 level of 843,654.   Full article here:  Single-Family Permits Up in November 2024 (512) 853-0110...

Time in the Housing Market Beats Timing the Market

Trying to decide whether it makes more sense to buy a home now or wait? There’s a lot to consider, from what’s happening in the market to your changing needs. But aiming to time the market isn’t a good strategy – there are too many factors at play for that to even be possible.   Full article here:  Time in the Housing Market Beats Timing the Market (512) 853-0110...

Sellers Beware: More Homes on the Market Are Going ‘Stale’ Due to This Big Listing Mistake

More homes for sale are going “stale” after sitting on the market for months, raising concerns that some sellers are overestimating what the market is willing to pay. In December 2024, half of all active listings had sat on the market for 70 days or longer, up from 61 a year earlier, and the longest median time on the market for December since 2019. Worse, the share of “super stale” listings that...

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