Wednesday, January 13, 2016

Our Current Austin Real Estate Market Climate

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As you’ve probably heard, the Federal Reserve raised interest rates by 0.25% last month. This is the first time this has happened in six years! This means the government sees our economy as stable and strong enough to do this. What does this mean for the Austin real estate market?

Because of our more stable economy, there are more investors. Additionally, interest and mortgage rates will increase. From a local home owning perspective, this means a couple great things. Inventory is extremely limited and demand is incredibly high. Buyers will want to take advantage of historically low rates. We could see a tipping point! You can receive top dollar on your home compared to other times in the past.

This spring/summer could potentially be the hottest market in Austin in a long time! This isn’t intended to scare buyers, but rates will go up if you don’t act. Act now so you have a head start on the market.

If you’re thinking about buying or selling a home in the Austin area, reach out to our office today! We’re happy to serve you. Let’s get the ball rolling!