ranch for sale: You don’t have to worry about our market - 08/11/22 01:09 PM

Is Our Market Slowing Down?
“Is the Texas market slowing down?” This seems to be the question of the hour. After all, the Federal Reserve raised rates again, and tons of buyers have already been forced out of the market. Our market might be slowing but probably not in the way you think. To learn more about our changing market, watch this short video.
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Looking to buy a home?                                 Looking to sell a home?
 
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ranch for sale: A buyer’s guide to rising interest rates - 07/27/22 09:20 AM

Buyers: How To Handle Higher Rates
Do rising interest rates make you feel like it’s too late to buy a home? Some people have left the market altogether because they don’t think they can afford higher rates. There’s no doubt that rates affect affordability, but there are plenty of creative methods you can use to still get a great deal on a property. Today I’d like to share three simple ways to combat rising interest rates and buy a great home. To learn more, watch my latest video.
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Looking to buy a home?                       … (2 comments)

ranch for sale: How to get a 4.5% interest rate RIGHT NOW - 07/20/22 11:10 AM

(Y'all -- I'm fired up so please excuse the tiny bit of frustration you may detect in this email.)
You know, if you and I were the kind of folks who made our important financial decisions based solely on what the 'drive-by' media said about the economy, the markets, etc. --- we'd probably be frozen in our tracks right now.
This is top of mind for me because I heard a news reporter say the other day that mortgage interest rates now start near 7% and are 'certainly heading even higher'.
What?! Misinformation like that makes me want to bang my … (2 comments)

ranch for sale: How to write a strong offer - 06/23/22 08:30 AM

 
Dear friends and clients,
Today’s real estate market is still competitive for buyers. If you fall in love with a home, chances are that other buyers have seen it as well, and you’ll have to compete against them to get your offer accepted. Even though interest rates have increased, there still aren’t enough homes to balance out our market. That means sellers have the upper hand, and buyers are forced to compete against each other. Fortunately, there are a few ways you can make your offer stand out to sellers:
1. Offer above the asking price. You’ll have to offer more than asking … (1 comments)

ranch for sale: Are interest rates going to drop prices? - 06/10/22 01:26 PM

 
Dear friends and clients,
With the recent substantial increase in mortgage interest rates, many homeowners have been asking, “Will this finally cause home prices to drop?” The answer isn’t cut and dry. In a market where rates are predicted to rise even further this year, buyer affordability could take a serious hit. To give you a better idea of whether your home is poised to lose value in the coming months, I’m going to address four key points that explain what’s happening to buyers in the real estate market and what you can expect in the future if you’re thinking about selling:
1. … (1 comments)

ranch for sale: This market can be challenging for buyers - 05/27/22 10:26 AM

 
Dear friends and clients,
It’s no secret that buying can be tough in this market. Interest rates are increasing at a faster pace than they have in decades, the lack of inventory has driven home values up, and inflation is making it even harder to buy.
The cost of ownership has increased dramatically over the last few months. If you’ve been looking for a home, you may have already noticed the impact of both rising prices and climbing rates on your budget. The only silver lining to this is that it has, as Mike Maher, co-founder and CEO of Houwzer, notes, “helped push … (2 comments)

ranch for sale: May Austin home price update - 05/19/22 01:23 PM

 
Dear friends and clients,
The market seems to be reaching a tipping point. While home prices are still climbing nationally, the increased mortgage costs have also pushed some buyers out of the market. National home sales fell 2.7% in March, and mortgage applications dropped 5% in mid-April.
The main reason for this is the sharp rise in interest rates. They have hit an average of 5.35% nationally, a 2% increase from just a year ago. Interest rates may not affect you directly as a home seller, but as Lawrence Yun, chief economist at the National Association of Realtors, states, “Many buyers will be … (0 comments)

ranch for sale: April 2022 Austin home price update - 04/25/22 10:20 AM

 
Dear friends and clients,
Due to pandemic-related disruptions over the past two years, the real estate market has completely changed and seriously favors sellers. If you want to take advantage of this market and extract as much value out of your property as possible, now is the time to sell.
After a few years of pandemic-related craziness, it looks like seasonality is starting to return to the housing market. As the weather warms up in the spring, more sellers list their homes, and more buyers come off the sidelines. You can sell your home faster and for more money than usual as buyers … (1 comments)

ranch for sale: Homebuyer challenges and how to solve them - 04/07/22 10:30 AM

 
Dear friends and clients,
There are several different issues facing homebuyers these days. For example, due to pandemic-related economic issues and the tragic collapse of a condo building in Surfside, Florida, new adjustments have been made to mortgage rules and regulations for condos nationwide. Extra due diligence is required from lenders for approving condo units for conventional loans.
Additionally, condo associations for buildings that were built 20 or more years ago that have deferred maintenance, building inspection findings, or jurisdictional findings are under increased scrutiny. The purchase of older condos may be more difficult and expensive for buyers.
Another thing to know is … (1 comments)

ranch for sale: March 2022 Austin home price update - 03/24/22 12:27 PM

 
Dear Friends and Clients,
Our market is on fire, and it isn’t even spring. Low interest rates have spurred demand, but there aren’t many houses for sale, meaning sellers have less competition. Supply is hitting an all-time low, so if you’ve been sitting on the sidelines, it could be time to finally list your home.
Total inventory was down 28% year over year in January, and new listings were down 9%. Why aren’t people listing their homes even though they can get a fantastic deal? According to Danielle Hale, chief economist at Realtor.com, “Factors like omicron uncertainties could be causing sellers to hesitate … (0 comments)

ranch for sale: Is it still a good time to buy a home? - 02/28/22 10:48 AM

 
Dear Friends and Clients,
Will 2022 be the year you buy a house? If you’ve been considering it, you’ve likely been watching the real estate market. You’ve probably seen that interest rates are increasing and home prices rose at record levels in 2021.
Does that mean it’s a bad time to buy a home? The experts say no. Jon Meyer, The Mortgage Reports’ loan expert and licensed MLO said, “While it’s always nice to get a better rate and have a smaller total monthly payment, if you can afford the home, it’s never a bad time to buy.”
However, with home prices and interest … (0 comments)

ranch for sale: What’s the value of your home in 2022? - 02/09/22 03:31 PM

 
2021 real estate market got a little bonkers (if ya didn’t know already).
And the crazy thing is….2022 is shaping up to be the same way!
The BIGGEST question I get is:
How much did my home appreciate last year?
Well, all the 2021 sales are complete and the comps are there for us to run accurate numbers for ya!
We gather sales in your area, create a report, and can email you an updated pricing range on your house, simple as that!
Would you be interested in a free market evaluation of your home? If so, click the thumbnail below.
 
Chris Watters
 Looking to sell a home?
 
 
 
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ranch for sale: January 2022 home price update - 01/28/22 09:48 AM

 
Dear Friends and Clients,
As we begin another new year, one of your resolutions may include selling your home. Based on current conditions, this might be the perfect chance to list your property for quite some time.
There are three key reasons why:
1. Supply is still lacking. Two major trends that we noticed in 2021 were a low supply of homes for sale and supply chain issues. Experts predict that both of these trends will continue in 2022, which is good news for home sellers. Lower supply means a higher sale price.
2. Prices are still rising. After another strong year of appreciation, 2022 … (1 comments)

ranch for sale: What homebuyers need to know in 2022 - 01/04/22 12:14 PM

 
Dear Friends and Clients,
Our red-hot housing market caused some homebuyers to put their plans on hold in 2021. As we begin a new year, many of them will return to the market.
If buying a home is one of your New Year’s resolutions, you’ll be relieved to know that it should be a much better year to accomplish that task than 2021 was. Here are three things all homebuyers should know in 2022:
The market is easing up for homebuyers. New data from the Common Haus Price Index, which tracks asking prices for three-bedroom, two-bathroom U.S. homes, shows that the year-over-year rate slowed … (0 comments)

ranch for sale: December 2021 home price update - 12/16/21 03:32 PM

 
Dear Friends and Clients,
This year has truly been a wild ride in real estate. Earlier in the year, the market was red-hot, and homes were being snatched up left and right for record prices. Now that the year is almost over, the market has slowed some, giving us time to take stock. How much thought have you put into next year’s market? According to some experts, the outlook for 2022 is mixed.
Over the past year, home prices soared upward by as much as 20%, though that did little to increase inventory since buyer demand was so high. In 2022, home prices … (0 comments)

ranch for sale: Is now a good time to enter the market? - 12/03/21 07:02 AM

 
Dear Friends and Clients,
Have you heard the news about Zillow? The popular real estate website apparently bit off more than they could chew when they purchased homes using their algorithm. They attempted to sell those homes for a profit, but they wildly underestimated home price increases, and since their algorithm wasn’t accurate, they wound up losing millions of dollars. As a result, they’ve had to lay off a quarter of their employees and cancel their Zillow Offers program altogether. Yikes!
Now, Zillow is planning to sell approximately 18,000 of the homes it owns or has under contract. But don’t expect a ton … (1 comments)

ranch for sale: November 2021 home price update - 11/18/21 03:20 PM

 
Dear Friends and Clients,
As we draw closer to the end of 2021, it’s time to start looking forward to what the market may be like next year. While the market has been slowing these past few months, experts predict that we could see another year of massive home price appreciation. Home prices have already risen 20% from 2020, but the underlying cause of this increase, the housing shortage, is far from over.
The boom in the housing market this last year was caused by low interest rates, low housing inventory, and increased demand from both millennials and investors wanting to hedge against … (0 comments)

ranch for sale: Buy now while the market is less competitive - 11/04/21 09:29 AM

 
Dear friends and clients,
If you’re looking to buy a home, there is finally some good news. Mortgage rates remain near record lows while inventory has risen. Even home price appreciation has slowed a bit. To top it all off, we’re moving into the fall and winter, which are usually less competitive seasons for real estate.
Nicole Bachaud, an economist at Zillow, notes, “September was the second month in a row that month-over-month price appreciation pulled back, signaling that moderation in home prices is around the corner as we come into 2022.” Nationally, there were 4.1% more homes for sale in August than … (0 comments)

ranch for sale: Your window to buy a home is closing - 10/21/21 01:24 PM

 
Dear friends and clients,
Just like the weather, the real estate market is finally starting to cool off slightly. In this fall market, we expect to see less competition among buyers, more listings, and slightly more days on market.
Some buyers may see a market forecast like that and think they should wait. However, waiting to purchase a house may not be the wisest decision. Conversely, buyers should be looking to make their purchases as soon as they possibly can.
While spring and summer are the seasons that typically see the most buyer activity and competition, Realtor.com found that the fall is when buyers … (0 comments)

ranch for sale: October 2021 Austin home price update - 10/07/21 03:02 PM

 
Dear friends and clients,
Fall is here, and as the weather cools, so does our real estate market. We’re very much still in a seller’s market, but the incredible rate of appreciation we’ve been experiencing has started to slow as of late. Home prices are still rising, albeit a bit more slowly. Despite the increase in new inventory, houses are still selling in under a month.
The National Association of Realtors sees the surge in home prices that we’ve experienced over the last year as an anomaly that was driven by pent-up demand due to the pandemic and low interest rates. Now that … (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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