Four Points Market Update | March 2022

As we move into the second quarter of 2022, we see incredible stats for Four Points real estate. Home values are up tremendously year-over-year, and inventory has risen, but the average days on the market have decreased by a sizable margin. Sellers are taking great advantage of the equity they built up while buyer demand remains at all-time highs to take advantage of rates while they're still low.

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.