Interest rates in the news and a look back at historical rates

Thought I would share this cool chart that shows interest rates since 1984.  Even though rates have been creeping up lately, we are still close to historical lows relatively speaking.

 

 

Interest Rate Charts

 

More interest rate info –
The Fed sets interest rates (discount rate) and is the focus of this article in USA Today that explains the stock market run up.

From the article –
“Investors’ positive vibes spring from the Fed’s Wednesday afternoon statement that it could raise near-zero short-term interest rates, but in a matter of months and amid an accelerating economy. In its final policy statement of the year, the Fed said that it “can be patient in beginning to normalize the stance of monetary policy.””

Interesting and definitely has an impact on anyone considering buying real estate in Austin.

Give us a call if you want to discuss how this affects your plans to buy.

Field notes 3/2’s under 500k in Central, North Austin

I went out today and saw most everything that was a 3/2 under 500k in Central, North Austin. These are my field notes. Hope you enjoy. The ones with stars next to them are properties that I thought might be worth you taking a look at. 4605 Beechwood – small lot, needs updating. Wall paper,…

Bungalow in Hyde Park sold for over asking price in 4 days!

This great bungalow in Hyde Park Recently sold over asking price in 4 days! This house was a remarkable story from start to finish. We were able to get the house listed within 9 days when the sellers gave us the green light. Executing our three preparatory steps in record time, we were able to get the seller’s a…

What Happens in a Buyers Market

What happens in a buyer market? Last month we explored if Austin was in a real estate bubble or not. I don’t think we are. I think the earliest we can expect to see one is 2016. All the same, maybe it’s a good time to explore what happens when we do eventually find ourselves…

What’s a Market Snapshot?

What’s a market snapshot? Market snapshot offers a quick look at market activity around a property (including recent sold prices).  You might want to use this tool to get an idea of value for a home you own or one you might want to buy. We offer this free to you. In exchange we hope…

8 Central Austin homes under 650k

Was surfing the MLS searching for 3/2’s and better under 650k in Allandale, Crestview and Northwest Hills. These 8 jumped out at me as some of the better offerings. These will sell but thought you guys might like the intel.

Just listed! Beautiful 3 bedroom home in Hyde Park 449,000

  We just listed this great house. Classic Hyde Park Bungalow! Long Leaf pine floors, high ceilings, original built in book shelves around the fire place and original french doors.  Huge front porch that is just begging for a porch swing or two! Kitchen is big enough for a kitchen table. Original details through out house. About 1350…

3 good homes under 300k in North Central Austin

Today I went out house hunting for nice homes under 300k. Thought you might like to hear about 3 of them. (The rest did not make the cut) details of the 3 good homes under 300k These are my thought on them – pro’s and con’s The one at 5804 Avery Island  is at a…

Is Austin’s bubble about to pop?

  Austin’s bubble about to pop? Smart people on both sides of this argument are disagreeing. Let’s explore this. Trulia’s position Trulia’s Jed Kelko writes that Austin is the most overvalued market in the nation. He cites fundamentals:  price-to-income ratio, the price-to-rent ratio and prices relative to their long-term trends. I read that as the…

Coming soon in Hyde Park + Field notes on the competition

Coming soon: 3/1 Hyde Park Bungalow with a second large living area, small 1 car garage and alley access. It is set to go on the market soon in the mid 400’s. In the process of doing my pricing homework I developed these field notes. Hope they are helpful. My field notes on homes on the…