farm for sale: 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)

farm for sale: 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)

farm for sale: 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)

farm for sale: 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)

farm for sale: 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)

farm for sale: 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)

farm for sale: 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)

farm for sale: 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)

farm for sale: We Wish You A Merry Christmas! - 12/22/20 02:03 PM

 
Friends,
Merry Christmas!
We hope you and your family have a wonderful holiday.
We just wanted to take a moment to thank you for your continued support throughout the years. We wouldn’t be where we are today without your help!
It truly brings us joy to help you make your real estate dreams a reality. If you have any questions, please don’t hesitate to reach out to us. We’re here to help you in any way we can.
In the meantime, have a very Merry Christmas!
Wishing you all the best,
 
Have a great day,
Watters International
 
 
 
          
                           Looking to buy a home? … (0 comments)

farm for sale: December 2020 home price update - 12/10/20 07:49 AM

 
Friends and Clients --
The recent surge in the real estate market has now offset the spring market losses.
This means it's a great moment for anybody thinking of selling a home. However, it's uncertain how long this will last. Let me give you the details:
1. Never-before-seen price levels
Sales of existing homes in October soared well past expectations, rising 4.3% compared with September and 26.6% annually.
More impressively, home prices jumped 7% in September year over year. That's the largest annual gain in six years. Prices are now nearly 23% higher than their last peak in 2006.
So what's behind this surge?
2. Record-low supply
There's an … (2 comments)

farm for sale: How to screw up a home refinance - 11/18/20 11:04 AM

 
Friends and Clients --
We've set a new record. In fact, we've set a bunch of them. Let me explain.
Throughout 2020, the 30-year fixed mortgage rate hit a new low eight separate times.
The most recent record happened only a few weeks ago when we reached a record low 2.75%.
So many questions come up: Could rates continue to drop? If you are looking to buy or refinance your mortgage, should you wait to scoop up an even better deal in the months to come?
And most importantly -- how do people screw things up when refinancing their homes?
Here's what you absolutely need to know … (1 comments)

farm for sale: October 2020 home price update - 10/05/20 07:23 AM

 
Friends and Clients --
The housing market has continued its booming recovery, and sellers continue to benefit.
But things might be changing soon. Let me give you the details:
1. Demand still outpaces supply by a lot
This August, sales of existing homes rose 10.5% compared to the same time last year. This is the fastest sales pace since December 2006, before the Great Recession.
The only thing that's holding sales back is a lack of homes on the market.
Inventory of homes for sale is down 18.6% annually to a three-month supply. For reference, the last time that sales were this robust, the supply of homes … (1 comments)

farm for sale: Mortgage rates keep dropping, but should you go for it? - 09/17/20 08:38 AM

 
Friends and Clients --
We've set a new record. In fact, we've set a bunch of them. Let me explain.
Throughout 2020, the 30-year fixed mortgage rate hit a new low eight separate times.
The most recent record happened only a few weeks ago when we reached a never-before-seen 2.88%.
Could rates continue to drop? If you are looking to buy or refinance your mortgage, should you wait to scoop up an even better deal in the months to come?
In theory, rates could indeed continue to go lower—all the way down to 0%.
That's never been seen here in the U.S. However, it's a current reality … (2 comments)

farm for sale: September 2020 Austin home price update - 09/03/20 09:45 AM

 
Friends and Clients --
The real estate market is making up for lost time, but things might change soon.
1. A surge in sales and record prices
This spring, home sales slowed to a crawl due to the coronavirus pandemic.
However, this summer, the market has come roaring back.
Sales of existing homes surged 24.7% in July compared to June (the last months for which we have full data). That's the biggest gain in sales since the National Association of Realtors started tracking these numbers in 1968.
Home prices are also rising. The median home price reached a record high this July, both in absolute terms and … (6 comments)

farm for sale: Luxury homes are growing in demand, but what about supply? - 08/19/20 12:36 PM

 
Friends and Clients --
The luxury real estate market is bouncing back at an unexpected clip.
Stay-at-home orders and social distancing have put a new value on extra space and special amenities. As restrictions ease, this pent-up demand has driven inquiries of luxury homes.
As a result, luxury homes are outpacing the rest of the market in both price growth and views.
Of course, agents have adapted home showings with a range of COVID precautions.
Visitors to properties now wear masks and use hand sanitizer. They often sign release forms, and some are even asked to wear disposable booties.
Open houses are … (12 comments)

farm for sale: August 2020 home price update - 08/05/20 01:36 PM

 
Friends and Clients --
And...we're back! The real estate market is currently experiencing a rebound unlike anything we've ever seen.
If you've been waiting on the sidelines, just know right now is a unique moment you will want to take advantage of. Let me give you the details:
According to the National Association of Realtors, sales of existing homes jumped nearly 21% in June compared to May (the last months for which we have complete data). This is the largest monthly gain since tracking began in 1968.
Sales of new homes also jumped by 13.8%, the largest one-month increase since 2007.
Much … (16 comments)

farm for sale: How to save while refinancing with an “appraisal waiver” - 07/24/20 03:03 PM

 
Friends and Clients --
I want to tell you about a quick and easy way to save hundreds of dollars when you're refinancing or taking out a mortgage.
I'm talking about a little-known option called an appraisal waiver.
In a nutshell, when a lender decides to give you a loan, they want to have a good idea of what your property is worth.
The typical way they do this is by sending out an expert to examine the property.
This appraisal typically costs between $270 and $750. As you can probably guess, it's you, the borrower, who is on the hook for … (16 comments)

farm for sale: 3108 E 51st St #901 Austin, TX 78723 - 07/24/20 09:58 AM
 
Condo Home for Sale at The Grove in Austin, TX
3108 E 51st St #901 Austin, TX 78723
is offered at $379,900!!!
 
 
Located in a tree lined gated community just a mile from Mueller, this end unit condo has an open and sunny floor-plan with a study nook, huge closets, and an individual fenced yard and garage. Features include high ceilings, quartz countertops, 8 foot doors, hardwood floors and tons of storage. The master bedroom windows overlook the back yard. Just a few short steps from the greenbelt and the walking trail.
 
This beautiful Condo Home for Sale at The Grove in … (7 comments)

farm for sale: 106 Hackberry LN Marble Falls, TX 78654 - 07/17/20 09:55 AM
 
Home for Sale in Shady Acres in Marble Falls, TX
106 Hackberry LN Marble Falls, TX 78654
is offered at $249,900!!!
 
 
Lake Hideaway, perfect for weekends or permanent residency. This 2/1 has charm with a large yard in front and approximately 100 yards from the neighborhood POA Park with boat ramp and fishing dock and boathouse. One car detached garage and 2 space carport. Bonus area above garage. New electrical, sheetrock and new flooring. Beautiful pine doors and ceilings! Kitchen has been recently remodel and the water heater is new!
 
 
This fantastic Home for Sale in Shady Acres in Marble Falls, TX … (4 comments)

farm for sale: 103 Eland Ave Bastrop, TX 78602 - 07/15/20 09:35 AM
 
Home for Sale in Cassena Ranch in Bastrop, TX
103 Eland Ave Bastrop, TX 78602
is offered at $485,000!!!
 
 
Stunning cul-de-sac home with lush landscaping offers the perfect plan for entertaining! Features include plantation shutters, crown molding and 3 large full baths. Gourmet island kitchen with granite counters, breakfast bar and ample storage overlooks the dining area as well as the family room. Owner's suite boasts dual vanity, jetted tub and walk-in shower. Designated home office perfect for your work from home needs. Spacious upstairs bonus room perfect for media room! Covered back patio with Pergola.
 
 
This gorgeous Home for Sale in … (2 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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