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.
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.
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…
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.
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…
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…
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…
Below is an automated search for 3 bedroom, 2 bath homes in North Central Austin under 500k. For opinions about future resale, pricing on these homes or just the raw data of what’s sold in the last 30 days let me know. (no obligation, just being helpful) firstname.lastname@example.org
To get our buyers educated to what’s on the market, we like to do a little *speed dating for homes*, it sounds corny but it’s a fun and effective way to get our buyers educated to what’s on the market. It helps bring perspective to what may be a good deal and what may not….
This 3/2 Hyde Park 1930’s Bungalow will be coming on the market later this week right around 575,000. The main house is a 3 bed two bath with a 1/1 free standing guest home that was recently rented for $1,250/month. Open patio, large trees, established landscaping and sprinkler system. Kitchen has been recently remodeled with quartz counter tops. High…
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