Home Buyers

  Buyers remain highly sensitive to interest rates. Many blame today’s rates for a subpar selling season, and economists say that when rates begin to fall, a wave of pent-up demand could be unleashed, potentially driving a surge in home sales. Full article here: What Mortgage Rate Will Get More Buyers Moving? (512) 853-0110 or robert@AustinTxHomeSales.com If you are unable to open the...

Buying your first home should be one of life’s most exciting milestones. Instead, many new buyers find themselves stressed, confused, and making expensive mistakes that could have been easily avoided. Homebuying involves many moving parts, from getting pre-approved for a mortgage to navigating inspections and closing costs. Full article here: 7 First-Time Home Buyer Mistakes to Avoid  (512)...

  Buying your first home is a big milestone – and the right support is going to make it a whole lot easier. Because while this process might be brand new to you, it’s not new to your agent. They’ve helped plenty of first-time buyers through it. They know what works, what actually matters, and how you can move through the process with a lot less guesswork. Here are a few real-world tips based on...

  Are you thinking about buying a home, but not sure if now’s the right time? A lot of people are waiting and wondering what the market’s going to do next. But here’s something only the savviest buyers realize: This summer might actually be the best time to buy in years. Here are three big reasons why. Full article here: 3 Reasons To Buy a Home This Summer (512) 853-0110...

  The modern 55 and older homebuyer isn’t looking to sit all day on a recliner pondering our end of life options. Longer lifespans, greater health, increased affluence and current sensibilities about aging are transforming the neighborhoods designed for late Boomers and Gen X homebuyers. Full article here: 55-Plus Buyers Want Wellness Features And Loved Ones Nearby (512) 853-0110...

  Despite the current attention around buyers paying all-cash for homes, the majority of home buyers finance their home purchase. Among primary residence buyers, 74% percent financed their home purchase, a share that rises to 91% among first-time buyers. When financing a home, buyers typically have a down payment. But how much is it? And where does it come from?  Full article here: Tackling Home...

  This might come as a surprise, but you don’t actually need to put down 20% on your home. In fact, for first-time homebuyers, the average down payment is just 8% — and it’s possible to put down even less. But how does the math shake out in your monthly mortgage payments? Full article here: The Math Behind Putting Down Less Than 20% (512) 853-0110 or robert@AustinTxHomeSales.com If...

  Homebuyers who purchase newly built homes are typically saving about half a percentage point on their mortgage rate, likely due to incentives from homebuilders, new research has found. Last year, the average mortgage rate for buyers of new-construction homes was 6.1%, compared with an average of 6.6% for buyers of previously owned homes. Full article here: Mortgage Rates for New Homes Are Typically...

  Although this spring hasn’t been a lively home-sales period nationally—sales remain near a 30-year low—“the latest mortgage application data is clearly showing some positive encouragement. Despite ongoing uncertainty surrounding the economy, home buyers seem to be taking advantage of loosening housing inventory in certain markets. Full article here: Home Buyer Demand Shows Signs of...

  Many young people feel crushed when they think about their ability to buy a home, but it doesn’t mean they’re giving up on the dream. The average age of first-time home buyers rose to an all-time high of 38 last year. In a market where Baby Boomers have the upper hand and ability to pay in cash, the share of first-time home buyers sank to an all-time low of 24%. Full article here: Young people...