lot 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)
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lot 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)
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lot 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)
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lot 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)
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lot 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)
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lot 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)
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lot 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)
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lot 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)
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lot 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)
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lot 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)
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lot 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)
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lot 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)
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lot 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)
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lot 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)
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lot for sale: 12805 War PATH Austin, TX 78727
- 07/14/20 01:42 PM
Home for Sale in Preston Oaks in Austin, TX
12805 War PATH Austin, TX 78727
is offered at $374,900!!!
Centrally located just off Parmer and Mopac and close to major retailers and hospital this 3 bedroom home is ready for a new owner! The open floor plan offers a formal dining area plus island kitchen with breakfast nook. Morning sun flows through the kitchen. The home is wired for 4 speakers in living room and 2 speakers in master bedroom. The spacious master offers dual vanity, soaking tub, separate shower and walk-in closet. Covered patio overlooks the back yard with a new … (5 comments)
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lot for sale: 1812 Ohlen RD Austin, TX 78757
- 07/14/20 09:59 AM
Home for Sale in Wooten Terrace in Austin, TX
1812 Ohlen RD Austin, TX 78757
is offered at $419,900!!!
Spacious home on a corner lot with mature pecan trees shading the property! The open floor plan offers a formal dining area and family room with brick fireplace. Sit at the breakfast bar overlooking the kitchen while the cook prepares meals! Large master with his and hers closets and a full bath. Both baths have recently been updated. The patio overlooks the large back yard. Easy access to major roadways, restaurants and shopping.
This lovely Home for Sale in Wooten Terrace in Austin, … (3 comments)
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lot for sale: 1106 Mills ST Taylor, TX 76574
- 07/14/20 08:26 AM
Home for Sale in Capitol Hill in Taylor, TX
1106 Mills ST Taylor, TX 76574
is offered at $214,900!!!
Charming home on a corner lot in walking distance to Murphy Park and City Lake. Living area looks out to the covered front porch and features a cedar beam and large ceiling fan. Natural lighting in every room and original hardwood floors throughout. Bright bathrooms, each with a large walk in shower and porcelain tile flooring. Cute, country style kitchen offers stainless steel appliances with built-in Kuerig in fridge, quartz counters and subway tile backsplash. Double carport plus 1 car detached garage.
This … (3 comments)
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lot for sale: 117 Waterloo CV Georgetown, TX 78628
- 07/13/20 03:51 PM
Home for Sale in Oaks at San Gabriel in Georgetown, TX
117 Waterloo CV Georgetown, TX 78628
is offered at $379,900!!!
Perfect for a multi-generational family! One bedroom has a private bath and walk in closet. Office could also be an additional living area. Two dining areas, formal dining plus breakfast room. Spacious floor plan with high ceilings and large family room. Wood look tile covers main living areas and master. The master offers a bay window, his and hers vanity, walk in shower, soaking tub and spacious walk in closet. Two additional, large bedrooms share a full bath. Covered patio overlooking … (4 comments)
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lot for sale: 205 Settlers Home DR Cedar Park, TX 78613
- 07/13/20 01:40 PM
Home for Sale in Silverado West in Cedar Park, TX
205 Settlers Home DR Cedar Park, TX 78613
is offered at $349,990!!!
Spacious 4 bedroom home backs to a greenbelt with no neighbors behind. Open concept main living area is perfect for entertaining. Tile flooring on the main level. Kitchen offers granite counters, tile backsplash and large, walk-in pantry. Upstairs loft with new carpet, spacious master with dual vanity, soaking tub, separate shower and huge walk-in closet. The large fenced back yard is the perfect place for back yard cookouts! Neighborhood offers a community pool. Walking distance to all three schools.
This … (2 comments)
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lot for sale: July 2020 Austin home price update
- 07/10/20 07:32 AM
Friends and Clients --
Nobody expected a real estate rebound quite like this.
As a result, we’re seeing a unique opportunity for anybody thinking of selling a home. I’ll explain what I mean in a second. First, let me give you the details:
1. A surge in demand
According to the National Association of Realtors, pending home sales spiked a stunning 44.3% in May compared with April.
That is the largest one-month jump in the history of the survey, which dates back to 2001. It blasted expectations of a 15% gain.
Of course, the reason behind this is the pandemic. Much of … (3 comments)
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