Homes Haven’t Been This Affordable Since 1980

Posted by Kent Redding on March 23rd, 2018

By the Kent Redding Group

AUSTIN, TX. – Right now, is an excellent time to buy a home because thanks to historically low mortgage interest rates, homes haven’t been this affordable since 1980.

That’s right, long term affordability has never been better because mortgage interest rates are about 4.5% now compared to 16% in 1980.

Sadly, home affordability could be threatened though if mortgage interest rates continue to rise so if you’re serious about buying a home in Austin Texas, or elsewhere in the United States, now is a great time to buy before rates increase.

Changes to The Mortgage Interest Deduction

Another change that could make buying a home this year more competitive is the recent changes to tax laws from the Republican tax bill…

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Is the Most Competitive Home Buying Season Almost Here?

Posted by Kent Redding on March 21st, 2018

By the Kent Redding Group

AUSTIN, TX. – Every year we see home buying in Austin and across the United States heat up with the weather and thanks to a recent article on Realtor.com we know that this year may be one of the busiest years ever to buy a home since the end of the Great Recession.

A Record Low Number of Homes for Sale

One of the biggest factors that may make 2018 one of the busiest years in recent memory to buy a home has a lot to do with a record low number of homes for sale in Austin and other cities nationwide compared to years past.

In recent years it wasn’t uncommon to see existing homeowners put their homes up for sale to meet the growing demand for homes nationwide but that’s expected to change this year as more homeowners…

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