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The price of commodities have risen lately, and the stock market has taken a little dip. These are all signs that the economy may be shifting, and we also acknowledge that a shift may be coming to the Austin real estate market.
However, I have run over the numbers and have not seen anything unusual. Overall, our real estate market looks very healthy. Our market looks very similar to how it appeared last year.
Home prices have risen steeply in the last few years, but low interest rates are keeping homes affordable. As a rule of thumb, if you can keep your payments below 25% of your gross income, then you can afford to be a first-time home buyer.
Sellers should know that homes priced below $350,000 are selling almost immediately in this market.
We always want to position you to win when you work with us. We don’t want to help you buy a home, we want to find a good investment for you.
Lastly, we have a client appreciation party coming up on April 2nd, and we would love for you to be there. If you’re a past client, current client, or just a friend to our team, we encourage you to come say hello. This will be at Brushy Creek Lake Park in Cedar Park. We have two pavilions reserved, a bounce house, and we will be serving up some free barbecue. Don’t miss out!