America is on sale right now and it’s a spectacular time to buy real estate. There are some amazing bargains on homes in the Austin area with some price ranges having 7-15 months inventory which can lead to some very motivated Sellers. We are still experiencing historically low interest rates and there are so many benefits to home ownership. You need a place to live, so why not buy your own home and pay off your own mortgage instead of a landlords’ mortgage? At this time we still have the homeowners’ mortgage interest deduction which will benefit you on your taxes. And for many, their own home provides a sense of stability, choice in how you decorate/landscape/etc. without having to get a landlords’ approval, USDA 100% home loans are available in some areas, and a choice of schools/location/amenities you can enjoy. Plus, owning a home is the “American Dream”.
New development in the Austin area is about 1/3 of what have seen in the past years. Since Austin area builders have greatly reduced the number of homes they have been building over the last few years, we can expect to see a shortage of homes in the near future as Austin continues to grow. As our unemployment numbers go down, job growth increases, and the population of Austin increases, Austin is projected to become one of the strongest markets in the country. Now is the time to take advantage of this tremendous opportunity! Call Jana McCool at (512) 280-2665 to discuss what your options are.