09/15/2026
--SATX Market Update: August 2026--
As a whole, we haven't risen as a market... we haven't plunged as a market. For a couple of years now, we've been plateaued at a Balanced Market (5-6 Months of Inventory), sometimes touches the edge of a Seller's Market and then in month or so later touching a Buyer's Market.
According to Mortgage News Daily, we are now at an average 7.17% interest rate, and there are reports that the FED will likely raise rates. A Reuters survey showed an 85% majority of economists, 86 of 101, they surveyed after Friday's inflation report said the Fed would raise rates by a quarter percentage point to 3.75%-4.00% at its September 15-16 meeting. That would be the first increase since July 2023...
So interest rates are already above 7% and may raise even more by the end of the week.
We will see soon enough if a raise happens and/or if that raise will alter the market in any meaningful way.
But, no matter what happens, if you are considering buying or selling a home, start saving up cash sooner than later. Extra money in the bank for real estate transactions will help smooth over bumps that may come along, no matter what side you're on.