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June 2017

There are 3 blog entries for June 2017.

Austin, Texas Real Estate Market Update and Statistics June 2017

Friday, June 16th, 2017 at 2:27pm. 1,399 Views

Austin home pricesAustin-area Home Sales Dollar Volume Hits All-Time High in May 2017

Austin-area home sales hit a record breaking total of $1,234,617,317 for the month of May 2017, an 18.4 percent increase over May 2016, according to the Austin Board of REALTORS® May 2017 Central Texas Housing Market Report. This over $1.2 billion total was helped by strong home sales increases across the board in the Austin-Round Rock Metropolitan Statistical Area.

“Housing is the backbone of our region’s economy and the heart of our communities,” said ABOR President Brandy Guthrie. “Housing demand continues to be at an all-time high in and around Austin, indicated by steady growth in home sales and prices, listing activity and housing inventory. The concurrent gains in listing

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Mortgage Rates Continue to Drop

Friday, June 9th, 2017 at 2:07pm. 1,186 Views

Austin luxury homesThirty-year mortgage rates hit their lowest level in almost seven months during the week ending June 8, 2017, falling to 3.89 percent, according to Freddie Mac data as reported by Realtor® Magazine. The article suggests “home buyers may want to rush to lock in” their rates.

The 10-year Treasury yield dropped three basis points during the week ending June 8, 2017, and according to Freddie Mac Chief Economist Sean Becketti, “The 30-year mortgage rate moved in tandem with Treasury yields, falling 5 basis points to 3.89 percent. Mixed economic data and increasing uncertainty are continuing to push rates to the lowest levels in nearly seven months."

The 3.89 percent average for 30-year fixed-rate mortgages with an average of 0.5 points down was a

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Record Number of Americans Think Now Is a Good Time to Sell Homes

Friday, June 9th, 2017 at 1:33pm. 1,212 Views

Austin real estate housesAmericans who think now is a good time to sell homes hit a record high of 32 percent in May 2017, according to Fannie Mae’s latest Home Purchase Sentiment Index and reported by Realtor® Magazine. Accordingly, the number of Americans who say now is a good time to buy homes fell by eight percent to 27 percent, reaching a record low.

“High home prices have led many consumers to give us the first clear indication we’ve seen in the National Housing Survey’s seven-year history that they think it’s now a seller’s market,” says Fannie Mae Chief Economist Doug Duncan. However, he said that prospective homebuyers will likely face continued home price increases as long as the housing supply remains tight. “We continue to see a lack of housing supply as many

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