Thinking of buying or selling a home in the Austin housing market? Now may be the perfect time!
From 2008 to 2012, news reports bombarded us with nothing but more bad news with regards to housing. Millions of homeowners faced foreclosure. Home prices continued to drop. No matter how far things fell, we never seemed to hit bottom. However the market made a dramatic u-turn in the last three years. and today homeowners have more options when it comes to buying and selling a home than at any other point in recent history.
For those looking to buy a home, mortgage rates have remained at near historic lows for much of the year. In the early part of 2015, mortgage rates fell below 4% and have remained around that 4% mark for much of the year.
For those looking to sell, home prices are up, giving equity back to homeowners who found themselves underwater on their mortgages during the housing market crisis. After bottoming out in 2012, home prices increased dramatically in 2013 and have been on an upward trend ever since. From the rock-bottom home price in 2012 to the end of 2014, home prices rose by 35% at the end of 2014! The rising prices helped lift nearly 6 million homeowners from negative equity.
I have a report that further explains why now is the perfect time to buy or sell a home. Contact me today for more information on how the Austin housing market may have shifted in your favor.