Unprecedented Times in Austin Real Estate!
All Austin area houses are now discounted 10% from Jan 1, 2020!
New all-time low mortgage rate of 2.88% means mortgage payments for the same loan amount are 10% cheaper than they were on Jan 1. Couple that with Austin home builders starting construction on the most new homes ever and you’ve got a unique opportunity to get a great deal!
If you took out a $300,000 mortgage loan (30-year fixed avg) on Jan 1, 2020, your payment would have been $1384 a month (taxes, insurance and HOA costs not included). That same $300,000 loan today would have a monthly payment of $1245. 10% lower payment on the same loan amount!
According to a Metrostudy report, new home builders in the Austin area started construction on a record 20,000+ homes in the past 12 months. That’s 25% more than last year and 2000 more starts than the previous record back in 2006. More homes being built means more inventory and builders are offering great incentives to sell all those houses.
The Laurie Flood Team has been working with many first time and experienced home buyers. Most are looking at both new and resale options to see what works best for them. If you’re interested in seeing what unique buying opportunities are out there, contact us today! We also can show you a special Zero Plus loan program with Zero lender and origination fees PLUS $1,000 credit at closing (terms and conditions apply).