Austin, Texas Market Update | March 2022

As we move into the second quarter of 2022, Austin home values continue to trend upward while inventory moves in the opposite direction. To combat the decline in inventory, our team has been getting very creative for our clients to help them find homes. If you or someone you know is having trouble, we would be happy to help point them in the right direction.

One of the biggest things we're keeping an eye on is interest rates. Since January, according to a survey by Freddie Mac, the average 30-year fixed-rate mortgage has climbed by 1.45% (from 3.22% to 4.67%). Freddie Mac had previously predicted that rates would average around 3.6% this year; however, now, in the second quarter of 2022, they increased that prediction to 3.8%. You can read more about this through our blog post.

If you have any questions, please reach out directly at (512) 261-1000. Thank you, and have a great day.