Real Estate News

April 9, 2021

97 Offers on One Listing?

Vector image of hands grabbing at house

© photocanal25 - DigitalVision Vectors/Getty Images

The buying frenzy continues as multiple offers become the norm and buyers offer thousands or tens of thousands above the asking price to try to get the home they want. In many cases, buyers also are increasingly waiving appraisals and even some inspections to ...

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April 9, 2021

Lenders Are Tightening Up on Mortgage Loans

mortgage loan not approved

© Андрей Яланский - AdobeStock

Beware: Your buyers could struggle to be approved for a home loan. As lenders tighten standards,  home loan approval is becoming more difficult, The Wall Street Journal reports.

The Mortgage Bankers Association reports that mortgage credit availability, which measures lenders’ willingness to approve mortgages ...

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March 16, 2021

Austin-area housing market stays hot, sets January records

Austin-area sales of single-family homes, townhomes and condos soared almost 24% in January,

Continuing the Austin-area housing market's hot streak, home sales and the median price paid for those homes set records for a January, according to new data from the Austin Board of Realtors.

Low mortgage interest rates, high demand and a shortage of homes continue to fuel the market and drive prices ...

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March 16, 2021

What Does 2021 Have in Store for Home Values?

What Does 2021 Have in Store for Home Values? | MyKCM

 

According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates ...

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March 16, 2021

Austin nails ranking as one of busiest home construction markets in U.S.

AUSTIN, Texas — (CULTUREMAP AUSTIN) New single-family homes are popping up like mushrooms around Austin, with the region nailing down its status as one of the busiest home construction markets in the country.

Data from the National Association of Home Builders shows Austin issued 21,653 permits for single-family homes ...

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March 12, 2021

Record-breaking housing demand fuels growing shift in area real estate market

Hippo Realty LLC broker Brooke Daniels said for the homes she is selling in Hutto, Round Rock and Cedar Park she is getting between 40-60 offers with a minimum of 10 offers even for rural homes. (Claire Ricke/Community Impact Newspaper)

 

Hippo Realty LLC broker Brooke Daniels said for the homes she is selling in Hutto, Round Rock and Cedar Park she is getting between 40-60 offers with a minimum of 10 offers even for rural homes. (Claire Ricke/Community Impact Newspaper)

A mounting spike in home values has sellers ...

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March 5, 2021

Austin Real Estate Market & Investment Overview 2021

Austin Real Estate Market

The Austin housing market is soaring. With demand up and few houses to choose from, the Austin home prices are soaring and the buyers have to bear the brunt. The Austin real estate market has been unscathed by the pandemic throughout with the real estate industry pumping billions of dollars ...

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March 5, 2021

Homeowners Are Now Eligible for Up to 18 Months of Forbearance

mortgage payment and statement

Homeowners struggling financially during the COVID-19 pandemic have received another extension for their mortgage payments. The Federal Housing Finance Agency announced Thursday it is providing an additional three months of forbearance to borrowers with loans backed by Fannie Mae and Freddie Mac, bringing forbearance up to 18 months total.

To ...

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Feb. 26, 2021

In face of pandemic, Austin housing market 'nothing short of extraordinary,' expert says

Crews work on new homes in a Buda subdivision in this file photo.  Austin-area housing construction surged in 2020, as booming demand led to a record number of housing starts, according to industry data.

As builders scrambled to keep up with demand, housing construction in Central Texas reached record levels in 2020, with home starts – and the median sales price of those new-homes – hitting all-time highs. 

Industry experts say 2021 could mirror the housing market's recurring themes: high demand, low supply, and – to ...

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Feb. 26, 2021

First-Time Home Buyers Find Unexpected Benefits in Current Market

There’s no denying that low inventory and increasing prices have presented challenges for buyers in today’s market—and that includes first-time buyers.

But the market also offers a slew of benefits for first-time buyers—and many have had a positive experience buying a home in recent months.

recent survey from realtor ...

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