condo for rent: Mortgage rates and the cooling market - 09/23/21 01:30 PM

 
Dear friends and clients,
As we turn the page on summer and head into fall, it looks like our real estate market may be starting to cool. Our white-hot market has been driven by low supply and high demand, but more inventory entering the market has changed the picture.
The overall inventory of unsold homes increased 7.3% from June to July. Although we probably won’t see a buyer’s market anytime soon, Lawrence Yun, the National Association of Realtors chief economist, admits, “There has been a turn in the market from super heated to still very strong.” He went on to say, “We see … (1 comments)

condo for rent: September 2021 home price update - 09/08/21 01:34 PM

 
Dear friends and clients,
The real estate market may be cooling, but only slightly. Recent statistics show new listings increased by 4% in the four weeks ending July 4 compared to last year, and they increased 3% compared to this time in 2019. This is the first time new listings data has surpassed pre-pandemic levels.
If you’re worried you missed the sellers’ boat, don’t worry. Tim Ellis of Redfin Media says, “The market frenzy of 2021 has cooled somewhat, but home sellers are still very much in the driver’s seat in the housing market today.” We can see this in our rising prices. … (1 comments)

condo for rent: Mortgage rates and our economy - 08/19/21 10:59 AM

 
Friends and Clients --
Mortgage rates have again done the incredible by dropping close to their recent records lows. Rates have fallen partly due to the government's announcement that they’re ending a widely-loathed fee. The Federal Housing Finance Agency is abandoning its 0.5% fee on refinances. Zillow economist Matthew Speakman said the fee "artificially increased the average mortgage rate."
The average 30-year fixed-rate mortgage is currently at 2.78%, which is cheaper than it’s been since February 18, when the average was 2.81%. The average rate on 15-year fixed-rate mortgages also dropped from 2.22% to 2.12%.
The recent decline in rates is also partly due … (1 comments)

condo for rent: August 2021 home price update - 08/06/21 10:30 AM

 
Friends and Clients --
Home price growth has accelerated in the past year as buyers frantically competed for a limited number of houses on the market. Prices continue to increase and break records as strong demand collides with low supply. Sales of new and existing homes have declined somewhat in the past few months, mainly due to those sky-high prices.
Peter Boockvar, chief investment officer at Bleakley Advisory Group said, “We have a major affordability issue, especially for the first-time buyer, that is only partly mitigated by low mortgage rates.” About half of houses sold are still closing above the original listing … (2 comments)

condo for rent: A closer look at interest rates - 07/23/21 02:06 PM

 
Friends and Clients --
I have a quick update to share regarding mortgage interest rates. Whether you’re looking to buy, sell, or refinance, these numbers affect you.
Mortgage interest rates have dipped just below 3% once again. The average for a 30-year fixed-rate mortgage now sits at 2.98%.
The week prior, rates jumped back up above 3%. This was the first time in 10 weeks that rates had risen above 3%.
The news of rates rising above 3% triggered a pretty significant drop in mortgage applications. The Mortgage Bankers Association reported that they dropped by 6.9% last week. That’s their lowest level in … (1 comments)

condo for rent: July 2021 Home Price Update - 07/07/21 03:17 PM

 
Friends and Clients --
The real estate market remains hot for sellers as we approach the midpoint of summer. Prices are rising, and home seller expectations are sky-high. 24% of home sellers expect to get more than their asking price when all is said and done.
Additionally, 53% of sellers expect that they’ll at least get their asking price once they put a home on the market, according to a recent survey by Realtor.com. Why do prices continue to rise, and how much longer will this trend last? These three key points tell the story.
1. Pending home sales have surged. According to a … (0 comments)

condo for rent: June 2021 Home Price Update - 06/23/21 03:46 PM

 
Friends and Clients --
Even after more than a year in our frenzied market, home prices continue to soar, which is excellent news for those who own new and existing homes in our marketplace.
The Case-Shiller National Home Price Index measures the average home prices in major markets across the nation—they’ve tracked that home prices rose by 13.2% year over year as of March, which had the highest annual price growth rate in almost 16 years. According to the National Association of Realtors, the median sales price for existing homes increased by 19.1% in April to $341,000.
This extreme price growth is driven by … (1 comments)

condo for rent: [WEBINAR] How to sell your house over asking price. - 06/14/21 10:40 AM

I'm doing a LIVE Seller Workshop. Join me from the comfort of your sofa this Tuesday, June 29th at 7PM ! 
 
 
 
 
Does This Sound Like You?
- Was Covid-19 making you nervous about selling this year?
- Would you like to know if there should be any repairs made prior to a home inspection??
- Have you accumulated years of "stuff" that you don't know what to do with?
- Would you like to learn how to prepare your home to attract today's buyers so it can sell quickly?
- Do you want to learn how to get top dollar in today's market by using the best-proven pricing and marketing strategies?
- Interested in … (1 comments)

condo for rent: I’m giving away a free Traeger Tailgater Grill - 06/08/21 02:50 PM

 
Clients and friends,
I want to give back and create some excitement for my friends and clients who subscribe to my emails. Thank you for reading these and staying on my list.
I'm giving away a free Traeger Tailgater Grill! The prize is valued at $469.99 They are not affiliated with, sponsoring, endorsing, or administering this giveaway.
 
To win the prize, simply call me at 737-529-8599 by July, 2nd 2021 between the hours of 9AM and 5PM. Leave your name and contact information on my voicemail to enter yourself in the drawing. That’s it!
You can also write me at marketing@wattersinternational.com to enter for … (0 comments)

condo for rent: [WEBINAR] How to sell your house over asking price - 06/01/21 08:23 AM

I'm doing a LIVE Seller Workshop. Join me from the comfort of your sofa this Wednesday June 2nd at 7PM ! 
 
 
 
 
Does This Sound Like You?
- Was Covid-19 making you nervous about selling this year?
- Would you like to know if there should be any repairs made prior to a home inspection??
- Have you accumulated years of "stuff" that you don't know what to do with?
- Would you like to learn how to prepare your home to attract today's buyers so it can sell quickly?
- Do you want to learn how to get top dollar in today's market by using the best-proven pricing and marketing strategies?
- Interested in … (0 comments)

condo for rent: How to prepare for a bidding war - 06/01/21 08:07 AM

 
Friends and Clients --
In our current crazy real estate market, inventory is low, competition is fierce, and other buyers can be ruthless. Bidding wars are becoming more and more common, and buyers can easily get caught in a multiple-offer situation.
First, when dealing with bidding wars, it’s best if you can set your emotions aside. It’s easy to see a home, fall too in love with it, then be greatly disappointed if you aren’t the winning bid.
To succeed in this market, you need to get your finances in order, research neighborhoods you’re interested in, and choose a real estate agent long before … (1 comments)

condo for rent: May 2021 home price update - 05/11/21 01:48 PM

 
Friends and Clients --
U.S. home prices are swelling, and anxious buyers and sellers are worried about a real estate market crash. However, today’s market bears little resemblance to the one that fueled 2008’s crisis.
Market watchers are wary because the median sale price in the U.S. in February was $313,000, an increase of almost 16% from a year earlier. Still, whatever happens at the end of this frenzied period isn’t likely to simulate the 2008 housing bubble.
Nationwide, homes are selling in an average of 20 days, and the average 30-year fixed-rate mortgage is near a record low. So though things currently feel … (1 comments)

condo for rent: Questions to ask before buying a home - 04/28/21 02:25 PM

 
Friends and Clients --
If you’ve been following our real estate market, you know the story: inventory is low, prices are skyrocketing, buyers are overpaying for homes, and sellers are reaping the benefits.
The numbers from February tell us this is the strongest seller’s market since 2006. According to Redfin, the national average of home prices rose 14.4% year over year to $336,200, closed sales rose 5%, and pending sales rose 21%. Furthermore, new listings fell 16%—the second-largest decline on record since Redfin’s data began in 2012.
This means competition among buyers is fierce out there. If you’re thinking of buying a home … (1 comments)

condo for rent: Spring 2021 Austin home price update - 04/13/21 09:52 AM

 
Friends and Clients --
You’re getting this email because I helped you buy or sell a home here in the greater Austin area, you inquired about real estate, or you’re a friend or family member.
Thank you for opening this!
I want to let you know the Austin real estate market is the most active I’ve ever seen. 
This isn’t a 2008-2009 bubble, either – loan standards are high right now. This is true buyer demand.
Last year there were 6,349 active homes for sale here, now there are only 1,310. That’s crazy.
I just helped a buyer secure a 2.9% 30-year loan, too. Interest rates … (1 comments)

condo for rent: Prices are rising, but will rates follow suit? - 03/30/21 02:38 PM

 
Friends and Clients --
Spring is in the air, and the floodgates have already opened on the traditionally busy selling season.
The fiercer seller’s market that emerged in the wake of last spring’s pandemic shock is still with us as 2021 begins to thaw and bloom.
However, with more inventory expected to hit the market soon, buyers may find a smidgen of relief. If you’re considering a home purchase or a refinance, here’s what you need to know:
Rates are still relatively low, but not for lack of upward pressure...
Catastrophic power outages in the Lone Star state and an increase in rates for 30-year fixed … (0 comments)

condo for rent: March 2021 home price update - 03/15/21 10:03 AM

 
Friends and Clients --
The spring market is back with a vengeance. After a full year of dealing with COVID-19 here in the U.S., a vaccine surge is on the horizon and the economic outlook is positive. March, a historically active month for the market, is once again poised for a strong performance.
Home prices continue to surge despite a slight dip in demand.
The recently released S&P CoreLogic Case-Shiller 20-city price index shows that home prices have been increasing at the fastest pace since 2014.
Of the 20 cities surveyed, Phoenix, Seattle, and San Diego led the pack.
It was also reported at the … (0 comments)

condo for rent: What are the keys to buying in this competitive market? - 02/24/21 07:58 AM

 
Friends and Clients --
Buying a home in a seller’s market is always a tricky situation. With low inventory and high demand, homeowners have the upper hand and they know it.
However, there are some specific things to know about the 2021 market that will help you win as a homebuyer, even in a challenging environment like this.
For starters, interest rates remain at all-time lows. The average rate for a 30-year fixed mortgage dropped even further to 2.79% during the week of January 14.
All of the major industry players predict that mortgage rates will stay in the low 3% range throughout 2021. … (2 comments)

condo for rent: February 2021 home price update - 02/10/21 02:22 PM

 
Friends and Clients --
The real estate market has continued to soar in the early weeks of 2021. Prices are still climbing, but how much higher can they go?
Your window of opportunity in this market could be shrinking soon, so here’s what you need to know about what’s going on in our market right now:
1. Mortgage demand has dropped slightly.
Sharp gains in home prices and a slight rise in interest rates combined to weaken demand for mortgages in mid-January.
Although mortgage applications fell by 4%, they’re still 16% higher than they were at this time last year. The average loan size has also … (2 comments)

condo for rent: How has 2020 changed home buying and selling? - 01/28/21 01:39 PM

 
Friends and Clients --
First, happy New Year!
We've finally put 2020 behind us. However, in the real estate market, some of the changes we saw in 2020 are sticking with us, and that might be a good thing. Here's are the details:
1. New preferences
These days, people are looking for space and affordability. That's driving the trend away from big cities and into the suburbs.
According to the National Association of Realtors, homebuyers in the largest cities were spending more time checking out suburban listings than homes near the city center.
Asking prices have also increased faster in the suburbs.
It's not just location … (2 comments)

condo for rent: January 2021 home price update - 01/12/21 11:58 AM

 
Friends and Clients --
The real estate market continues to surge ahead. However, clouds might be forming on the horizon for sellers. Let me give you the details:
1. Ultra-low mortgage rates
Throughout 2020, the popular 30-year fixed mortgage rate set 15 new record lows.
It ended 2020 just one basis point higher than the latest record low and currently stands at 2.86%, a full percentage point lower than one year ago.
These ultra-low mortgage rates are driving an increase in demand. Unfortunately, sales are restricted due to...
2. Record-low inventory
There were just 1.28 million homes available for sale at the end of November, the last month … (1 comments)

 
Christopher Watters, Austin Realtor (512-829-8000) (Watters International Realty)

Christopher Watters

Austin Realtor (512-829-8000)

Austin, TX

More about me…

Watters International Realty

Address: 8240 N Mopac Expy, Suite 110, Austin, TX, 78759

Office: (512) 829-8000

Email Me

Your certified expert wether buyer or selling in Austin. Search homes and Austin Real Estate for sale. What's your home worth? Find out now - Austin Home Values.





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