If the first half of this year has left you feeling stuck, you're not the only one. Mortgage rates stayed higher than people wanted. Affordability remained tight. And uncertainty overseas added another layer of pressure nobody saw coming. That's why so many people are asking the same question: Will the second half of the year be any better for the housing market? Full article here: What To Expect...
During the Pandemic Housing Boom, housing demand surged rapidly amid ultra low interest rates, stimulus, and the remote work boom—which increased demand for space and unlocked “WFH arbitrage” as high earners were able to keep their income from a job in say, NYC or L.A., and buy in say Austin or Cape Coral-Fort Myers. Of course, the past few years have looked much different than the overheating of...
Housing affordability is showing signs of improvement lately, but costs still may be the biggest reason many buyers remain hesitant to get into the market. While sales fell last month, home prices soared. The median existing-home price hit an all-time high of $440,600 in June, NAR reports. Full article here: Existing-Home Sales Dip as Housing Wealth Remains at All-Time High (512) 853-0110...
Congress passed landmark housing affordability legislation advancing one of the most significant federal housing packages in nearly two decades. The final package combines nearly 50 individual housing proposals addressing housing supply, affordability, financing, zoning, workforce development, fair housing, property rehabilitation and other housing challenges. Full article here: Landmark Housing...
NAR’s current forecast calls for existing-home sales to rise 4% this year, with the median home price also climbing 4%. Mortgage rates are projected to average 6.5% in 2026. Yun added that housing wealth accumulation will continue in 2026, with the typical homeowner gaining approximately $16,000 in wealth this year. Full article here: NAR Chief Economist Lawrence Yun Says Home Sales Expected to...
Existing home sales rose to a five-month high in May as more first-time buyers stepped back into the market. The share of first-time buyer reached 35% in May, the highest since June 2020. Full article here: Existing Home Sales Increased in May (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...
If the housing market feels confusing right now, you’re not alone. Mortgage rates have risen. Home sales haven't picked up like expected. And many buyers and sellers are wondering when things are going to feel easier or be more affordable. The truth is: a lot changed over the first half of this year. Full article here: The Mid-Year Housing Market Update: Why Forecasts Changed in 2026 (512)...
Let's be real with each other for a second about affordability. Because you deserve someone who will be honest and transparent about what’s going on, especially if you’ve got a move on your mind. Here’s the full picture of what’s happening and why. Full article here: The Truth About Affordability Today (512) 853-0110 or robert@AustinTxHomeSales.com If you are unable to open the...
It’s one of the biggest hold ups some buyers have right now: “What if I buy, and home prices go down?” With everything in the news, that concern makes some sense. No one wants to make a big financial decision at the wrong time. But here’s what’s important to know. You don’t want to get hung up on the few places seeing slight declines right now. Full article here: Are Home Prices Going...
The 21st Century ROAD to Housing Act takes important steps to close the nation’s housing supply gap and make homes more affordable. The bill gives communities new tools and resources to build more homes, streamlines federal processes that delay construction and updates financing options for manufactured and rural housing. Full article here: Modified 21st Century ROAD to Housing Act Passes in the...
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