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Are we really over the crest or just in a trough between waves? Continue reading
I have seen other credible forecasts that when the Fed withdraws support, mortgage rates could increase 1% to 2% about current rates. These “power brokers” are more optimistic, and generally see the market stabilizing. Continue reading
NOW, we have tax incentives and very low interest rates and seasonally low home prices. LATER, tax incentives will expire (contracts after April 30) and interest rates and home prices are likely to increase. Continue reading
Many people hang on every report from the Fed, and their activities can have huge impact on our overall economy. They do not, however, manage mortgage interest rates. Continue reading
Having worked short sales, representing buyers and sellers over the past several years, I’ll believe it when I see it. Continue reading
Interest rates will almost certainly increase next Spring, at the same time that tax incentives expire and seasonal price increases begin. Very significant, given new debt-to-income requirements. Continue reading
As always, Austin must grapple with managing the positives of that growth while preserving the culture and the environment that are the basis for the “Austin Lifestyle” that attracts and keeps so many people here. Continue reading
If you needed any more evidence that the times have changed, this is it. Continue reading
As the Fed stops buying its own bonds, will mortgage interest rates rise? Some think so. Continue reading
Bill Morris on Austin Real Estate 