On June 23rd, 2016 BREXIT rocked the world when a referendum passed which will break all ties that the UK has with the EU, but since BREXIT the big question that many people have is how BREXIT has effected Austin Texas Real Estate.
The good news is that BREXIT has affected the U.S. Real Estate market positively because following the UK referendum to leave the EU, mortgage interest rates dropped once again to about 3.50% for a 30-year fixed mortgage loan, and this historically low mortgage interest rate has made it possible for more people to get a great mortgage loan, or refinance their existing mortgages.
How BREXIT Benefits the United States
There’s no denying that Britain has been one of the safe havens for investors for decades and now that they are leaving the EU many investors have pulled out of Britain and are focusing on other countries for investing including the United States.
Unlike other Real Estate markets around the world, the United States Real Estate Market remains fundamentally positive and is proving to be one of the countries of choice for investors in the UK, China, and other countries overseas to shift their capital.
A Great Time to Invest In Austin Texas Real Estate
If you’ve been thinking about investing in Austin Texas Real Estate now is certainly a great time because as of May 31st, 2016 the median home price here was $301,400 (Zillow) and home prices in the Austin area are expected to climb by at least 4% this year alone.
Learn More about Austin Real Estate
To learn more about Austin Texas Real Estate, or to view homes for sale, contact the Kent Redding Group today by calling us at (512) 306-1001 or click here to connect with us online.