Thu Oct 31st 2013
How's the Market? A Update from Tom Sunstrom, Real Estate Consultant
The Austin market is still finding itself low on inventory. We are seeing homes going under contract in less than a week in some areas. Low inventory creates a strong sellers market, and with interests as low as they are, I can't remember a healthier environment to move up (sell your current home and buy your next home) or to simply sell. I believe we will continue to see low inventory for the next year. The interest rates are much more difficult to predict but, considering we have seen them on a slow and steady rise for many months now, its safe to assume we will see very little, if any, decreases in rates as we move forward.
Real estate markets are different all over the country. Looking at them, we all need to be grateful we live in Austin, Texas.
Tom Sunstrom, Real Estate Consultant & Co-Owner
Outlaw Realty - a Private Label Realty group
Direct - 512-923-4905
