Jul 2, 2024 | Housing Market Updates
Homebuyers seek warranties to ensure protection against construction defects, providing peace of mind and financial security. Warranties become essential in the home buying process as they cover potential issues with workmanship, materials, and major structural components. These warranties also serve as a competitive advantage for builders, setting a standard in the industry.
May 28, 2024 | Housing Market Updates
The HOME Initiative represents a comprehensive approach to addressing Austin’s housing challenges. It is not without risks and concerns, however.
Apr 29, 2024 | Housing Market Updates
At the end of the day, it appears unlikely that interest rates will see drastic changes this year, and it is even less probable that they will return to the historically low levels experienced during the pandemic. According to insights from the Mortgage Bankers Association, while a gradual decline in mortgage rates is anticipated, a new normal around 5% could be expected, marking a shift in what homebuyers might consider a favorable rate moving forward. Understanding these aspects can help buyers make informed decisions in a real estate market characterized by relatively elevated mortgage rates.
Apr 29, 2024 | Housing Market Updates
At the end of the day, it appears unlikely that interest rates will see drastic changes this year, and it is even less probable that they will return to the historically low levels experienced during the pandemic. For buyers, the projected environment of relatively stable but not drastically reduced interest rates means adjusting expectations and planning accordingly.
Apr 23, 2024 | Buying Myths, Housing Market Updates
While the layoffs at Tesla are undoubtedly challenging for those directly impacted, the broader perspective is that Austin’s economy, bolstered by the economic strength of Texas, remains strong and well-positioned for the future. This event, though noteworthy, is just a minor ripple in Austin’s thriving economic pond.
Apr 16, 2024 | For Sellers, Housing Market Updates, Taxes
Austin’s still the place to be, and those ‘steady’ home values? They’re a sign of a market that’s matured, not stumbled. And if you’re thinking of making a move or snagging a piece of this fine city, Adam Timothy Group is the name you should remember. We’ve got the expertise, the style, and the savvy to guide you right.