Drakeford Real Estate

Helping our clients achieve their dreams. Whether to sell a home to move to a better place or to purchase that "perfect" Property1

Operating as usual

01/04/2016

Happy New Year! As we head into 2016 it will be an exciting year for Austin Real Estate! Things to expect?

1. Interest Rates are likely to continue increasing.
2. Stock market may not do so well, so be long term in the market.
3. Home sales should be brisk in Austin for 1H 2016
4. Expect slowing sales in 2H 2016
5. If you want to sell in 2016 and get the most $, get on the market NOW!

12/07/2015

Heads up HOME BUYERS and Sellers: The Federal Reserve is expected to raise interest rates soon and when they do it once, it's likely to continue raising rates through 2016. What this means is that hot markets like Austin Texas will push buyers into the market. This will further the imbalance of more buyers than sellers. Expect 2016 or at least the first half to be a frenzy for activity. Keep in mind a 1% increase in interest rates results in an 11% decrease in borrowing Power. Ie: you qualify for a $200,000 mortgage at 4%, when rates go to 5% you can only borrow $178,000. Home prices will continue to rise at least through 1H 2016. If you are looking to buy or sell in 2016 get ready now. We are here to help!!

Category

Telephone

Address


1921 Lohmans Crossing Rd
Austin, TX
78734

Opening Hours

Monday 9am - 10pm
Tuesday 9am - 10pm
Wednesday 9am - 10pm
Thursday 9am - 10pm
Friday 9am - 10pm
Saturday 9am - 10pm
Sunday 9am - 9pm

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