Austin, Texas Market Update | February 2022

The trend upward is continuing in central texas, with prices up 20% across the board since last year. We saw more homes come on the market this February compared to last, but of course, we had the winter storm last year that affected that.

Interest rates continue to rise; yesterday, rates were at 4.28% on a 30-year fixed loan. As these rates rise, buying power will continue to decrease. If things work out as the feds have planned, we may even pass 5% by the end of the year, but nobody knows for sure.

Another thing we're keeping an eye on is the effects of what's going on in Ukraine. Our real estate market and economy, in general, may be affected by this conflict. We've already seen the volatility in the stock market following this conflict, so we're are carefully watching what happens with the real estate market.

If you would like to get a little more detailed to see how all this may affect you and your decisions related to real estate, we would love to be a resource. Our goal is to help you make the best decision for you and your family; we are here to help.