home for sale: 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)

home for sale: [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)

home for sale: 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)

home for sale: [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)

home for sale: 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)

home for sale: 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)

home 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)

home 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)

home 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)

home 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)

home 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)

home 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)

home 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)

home 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)

home 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)

home 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)

home 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)

home 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)

home 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)

home 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)

 
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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