Extreme volatility and uncertainty dominated political and economic conditions over the past month, causing enormous swings in financial markets. Consumer confidence plunged to its lowest reading since the pandemic struck, and mortgage interest rates rose. The speed and scale of constantly changing policy decisions emanating from Washington make it virtually impossible to predict their ultimate ramifications, but uncertainty, much less economic pessimism, is not typically a positive factor for housing markets. However, the current administration maintains that everything is going according to plan and any short-term pain will be far outweighed by long-term benefits.  

March closed-sales data in this report mostly reflects market circumstances in…

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Despite higher interest rates, the Austin housing market is experiencing seasonal momentum. The shift is fueled by growth in listings, up 18.8% from last year, alongside stronger buyer activity and proactive efforts from sellers on pricing and builders with attractive incentives. This creates a balanced market that presents fresh opportunities for both buyers and sellers to participate confidently. See the full report at the link below.

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Lots of fun events in Austin in May: Broadway in Austin shows, the Austin Greek Fesitival, and Austin FC games! But, the most iconic event of all is The Pecan Street Festival, a large and long-running arts and music festival in Central Texas, which is celebrating its 50th anniversary with a change of venue. The Spring 2025 festival, usually held on Austin's Sixth Street, will be held close to my home neighborhood at the Hill Country Galleria in Bee Cave on May 3-4. The festival will feature over 300 artisan booths, live music (including a tribute to Austin's Roky Erickson), and family-friendly activities.

Click on the link below for a complete list of fun activities in Austin in May!

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Inflation ticked down in the early March reading; the Fed again kept its benchmark rate unchanged; and interest rates remained well below 7%. Amid high volatility, stock markets saw substantial declines, then some recovery through the 3rd week of March. Consumer confidence continued to fall across all population segments by age, education, income, wealth, political affiliation, and region, and expectations for personal finances, jobs, inflation, business conditions, and financial markets all declined (per University of Michigan’s early-March “Surveys of Consumers”). 

Generally speaking, the broader market is typically more affected by interest rates, i.e. affordability, while higher-price home sales are more influenced by stock markets, i.e. changes in…

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Potential buyers are always asking this question: will mortgage rates come back down. Based on the latest data, as of March 24, 2025, the average rate for a 30-year fixed mortgage is 6.77%, according to Mortgate News Daily. While still elevated compared to the lower rates seen during the pandemic, this rate sparks fresh conversations among buyers and sellers. With inflation cooling and the Federal Reserve holding steady on hikes, the housing market is entering spring with growing interest and cautious optimism. See the link below for a complete analysis and reach out to discuss anytime!

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The latest report from Realty Austin Compass shows that the Austin housing market continued its shift toward balance in February, with active listings reaching over 10,000—up more than 16% compared to last year. While sales activity slowed slightly, homes are still holding their value and spending just under three months on the market. Buyers are gaining more flexibility, and sellers who adapt to current conditions are staying competitive. See the full report at the link below.

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April in Austin is festival month! The ABC Kite Fest, Austin Reggae Fest, Wild West Brew Fest, Texas Whiskey Festival, and the Austin Blues Festival are all fun events happening throughout the entire month! And, don't forget to sign up for the Capital 10K, Texas' largest 10K race, that is one of Austin's most cherished annual traditions. The race is scheduled for Sunday, April 6, 2025, and it attracts runners and walkers of all levels, offering a scenic course through downtown Austin. Participants can enjoy a lively Finish Line Festival featuring live music, local food vendors, and family-friendly activities. Whether you’re racing for fun, fitness, or a new personal best, this iconic Austin tradition is a must-experience event.  Click on the link below…

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SXSW and NASCAR at COTA - no need for words, the acronyms speak for themselves. These two great Austin events are just a few of the amazing things happening in Austin during the month of March. See the link below for all of the fun events happening in and around Austin in March. 

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