Shane Blackshear, Spyglass Realty

09/05/2024

Best rates in over a year! Now’s a good time to buy.

08/23/2024

From a recent Zillow housing report...

"The strongest buyers markets in the country are New Orleans, Miami, Austin, Memphis and Jacksonville."

Competition for homes and price appreciation tapered off faster than normal in July as high housing costs continued to stymie shoppers. But recent drops

07/11/2024

It’s a good day for interest rates and it’s been a good 3 months. If you’ve been waiting for rates to go down don’t wait too long, there are crowd just waiting to jump in and when they do I won’t be surprised if we see prices jump.

07/10/2024

https://www.keepingcurrentmatters.com/2024/07/08/not-a-crash-3-graphs-that-show-how-todays-inventory-differs-from-2008/

Even if you didn't own a home at the time, you probably remember the housing crisis in 2008.

06/17/2024

Good article over at Austin Business Journal on the Austin real estate market today.

TLDR or my paraphrase: The market is at equilibrium meaning neither a buyers nor sellers market, but is moving toward buyers.

Some insightful quotes:
"The vast majority of homeowners in the area are sitting on sizable housing gains."

"ABOR's latest monthly report stated the median price for a home in Central Texas is $459,450, down 2% from April and a 0.4% decrease from last May. While home prices have steadily declined in the last year, it's not nearly enough to offset the steep rise that occurred during the pandemic."

"Here are how some of Austin’s housing submarkets performed in May, compared year-over-year:

City of Austin:

1,038 homes sold, up 2.4%
$608,000 median sales price, up 11.6%
4,740 active listings, up 85.3%
Travis County:

1,308 homes sold, down 18.8%
$555,000 media sales price, up 4.7%
6,276 active listings, up 46.9%"

The market is finally catching its breath to reach normal levels, experts say.

04/17/2024

Got a surprise review yesterday. Always fun.

01/31/2024

You're probably somewhat familiar with Austin's push to change it's land code. If you're not then your at least familiar with Austin's unaffordability/housing crisis. This Spyglass video is a great primer on the history and challenges of changing the land code to make Austin more affordable. Check it out.

Code Next was set to be the change in Austin's zoning that would bring Austin on pace to keep up with the influx of people that are moving here each year. Bu...

12/24/2023

Merry Christmas Eve!

12/14/2023

Y’all these are big drops! Hit me up if you have questions.

12/14/2023

Great day for mortgage interest rates!

12/12/2023

My go-to lender is quoting people 7.12% interest rates. That's in the right direction!

12/05/2023

The 30 yr mortgage interest rate is at 7.08% today, the lowest in 3 months. Let's hope we see more of this trend.