Updates Friday August 28, 2020

What Buyers Want NOW, Fed Shifts to Low Rates & Laura’s Landfall!

The Oldham Group brings you Austin news, exciting events, homes for sales and uniquely fun things happening around greater Austin. Feel free to contact us at anytime to be added to our distribution list.


The Oldham Group | Updates

FEATURED LISTINGS

AVAILABLE W/ CONDO UNIT!
503 Canion Street
North Central | Offered at $755,000

Quintessential craftsman style home 2,535 sq ft | 4 bed | 4 bath | 2009 year built on a .21 acre lot. Open floor plan, 9 ft ceilings, spacious kitchen with granite counter tops, custom cabinetry & plenty of storage. Walk to Black Star Coop, Michi Ramen, Ranch 99 & more. Reilly or Brentwood Elementary school. 

OPEN HOUSE | SAT & SUN 12 – 2
HAVEN AT TERAVISTA | Round Rock

Haven at Teravista™ is an exclusive section of the larger community featuring 30 Farmhouse style detached townhouses starting at $265,000 and 1629 sq ft. Award-winning Schwartz Custom Homes is the builder and the first units will be ready in October! Click HERE to schedule your neighborhood tour! 

COMING SOON | 327 Lombardia Drive
Lakeway | Lock & Leave

Gorgeous 2-story condo with spacious kitchen,open to family room w/soaring ceilings. Granite counters, stainless appliances, solid wood cabinetry, etc. MASTER DOWN! Big secondary rooms. 3 living areas! Community pool/fitness center. Amazing views!! 

COMING SOON 3608 S. 2nd Street
78704 | Offered at $600,000

Beautiful Victorian with large front porch and incredible back patio just minutes from downtown and South Congress. Open floor plan, updated kitchen, granite counter tops & gas appliances. Gorgeous hardwood floors, high ceilings with crown molding, garden tub & gas fireplace. Live in the heart of Austin! 

COMING SOON | 10833 WORN SOLE
Pioneer Crossing  |  Offered at $265,000

Great value – Single story, large lot with privacy, and upgrades. Beautiful home has a open concept with an in-law floor plan. Spacious kitchen features granite, 42″ dark oak cabinets, hard tile, stainless appliances and an eat in breakfast area. Out back enjoy a covered patio and an additional uncovered deck area.


WHAT DO BUYERS WANT
IN A HOME NOW?

With over 14.7 million corona virus cases worldwide, the current pandemic has left an indelible mark on global health, social and economic trends. In the United States, the pandemic led to a government-imposed quarantine, which has precipitated the economy’s slide into a recession, a jump in unemployment and a shift in consumer preferences.

Since that time, we’ve studied the new trends in home-buying and the date reveals that people are rethinking the role of home in an era of expanded remote work, home schooling, historically low mortgage rates and a still-uncertain health and economic outlook.

Here’s what buyers seem to want now…
More light and extra space
Expanded kitchens 
More private spaces 
Increased energy efficiency
Spaces for working out.
Luxury outdoor spaces 
Home office/home schooling spaces
Increased security and safety 

If you’re going to invest in improvements and updates, these areas are solid bets in creating a Multi-Purpose Sanctuary! 
(US NEWS)


DID YOU KNOW?

🏠 DID YOU KNOW?

Fed Chair Sets Stage for Longer Periods of Lower Rates 
Jerome H. Powell said the central bank would focus its efforts on maintaining a strong labor market while tolerating higher inflation.
(Times)

🏠 DID YOU KNOW?

Microsoft’s made an audacious TikTok bid!
As TikTok scrambles to sell itself to an American company on orders from President Trump, Microsoft is still seen as the likeliest buyer. But how it ended up in talks to acquire the Chinese-owned video app is a complicated tale of coincidence and opportunity, 
(Times)

🏠 DID YOU KNOW?

Laura’s Landfall
Louisiana Gov. John Bel Edwards said that while Hurricane Laura didn’t bring “the absolute catastrophic damage that we thought that was likely,” the state was still hard-hit.
“We have sustained a tremendous amount of damage,” he said at a news conference. 
Edwards said at least four people in the state have died as a result of the storm. All four deaths were due to trees falling.
(CNN)

🏠 DID YOU KNOW?

One of soccer’s biggest stars is up for grabs, and millions are on the line. Lionel Messi told F.C. Barcelona, his club for two decades, that he wants to leave. That sets up a race to secure the 33-year-old’s talents — and a contract battle: The player wants to leave for no transfer fee, but Barcelona has reminded rivals that his “buyout” clause is 700 million euros, or about $827 million

🏠 DID YOU KNOW? 

More Texas bars could reopen as restaurants the Texas Alcoholic Beverage Commission voted to ease the restrictions amid the corona virus pandemic. The new rules approved by TABC on Tuesday eliminate requirements that prevented many bars from opening under Governor Greg Abbott’s restrictions.  
(Statesman)

🏠 DID YOU KNOW?

Zephyr is coming back! 
Austin City Council Members and Parks Department official have said they are committed to bring a train back to Zilker Park. In February, the council passed a resolution that would allow the Austin Parks Foundation to work on finding a new train and getting the iconic children’s ride up and chugging. 
(Statesman)

🏠 DID YOU KNOW? 

There is a much smaller pool of lenders willing to offer jumbo loans. 
Mortgage Credit Availability Index, a formula designed to gauge access to a variety of mortgage products, shows consumer access to jumbo loans was 60% lower in July than it was the year prior. The frozen landscape is thawing, but there are fewer jumbo lenders and options than there were pre-Covid. Relationship banking and community banks seem to offer the best rates. 
(WSJ


— FUN TEXAS FINDS —

Front Porch Session- Charlie Crockett

Austin Monthly and Texas Music will present Front Porch Sessions, a continuing concert series streaming live. This month’s Front Porch Session features Charley Crockett accompanied by cocktails from Still Austin Whiskey Co.

Viewers can RSVP to reserve a free sample kit (limited quantities available) that can be picked up at the Still Austin Whiskey Co. Distillery from 12-5 pm on August 27.

The Blanton Museum of Art is NOW OPEN.  

Austin’s top art museum has already started its reopening plan, allowing museum access to Blanton members and University of Texas ID holders on August 12. This weekend, it will officially open to the general public with the safety guidelines and protocols one would expect in this time of social distancing, calling it “a top priority.”

A PEEK AT THE TASTEMAKER TOTES

This year, the biggest party of the Austin and San Antonio food and beverage scenes came right to your living room. Culture Map’s Tastemaker Awards — Virtual Edition brought all the delicious and innovative ideas from our cities’ best chefs and bartenders straight to you, courtesy of Tasting Totes that were brimming with goodies.

HEY BABE! 

Cooler weather is on its way (not soon enough!), but while you wait here’s a way to beat the summer blues. Wine is great, but wouldn’t it be even better really cold, in a can, with bubbles? That way you can take it just about anywhere, and BABE was created to do just that. The portable drinks don’t slow you down, nor do they skimp out on taste, quality! 

Sunset Series at Hill Country Galleria 

A drive in concert event August 28-30. This unique experience includes hill country views from an open-air rooftop parking structure where you’ll watch the show from the comfort of your own vehicle.

Featuring: Black Fret artists Love & Chaos, Henry Invisible, and Darkbird. You’ll need a ticket to attend the event and they are only available by listening to win on Austin City Limits Radio or following Hill Country Galleria on social media.

The Perfect BLT! 

Everything is better with bacon including our favorite ever BLT sandwich. Made with bacon, lettuce, and tomatoes between two thick slices of toasted bread this sandwich is a hearty lunch option, a simple dinner and an all around favorite! One of the best places in town to grab this classic sammie is Joann’s – simple, understated and delicious!


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The Oldham Group | Moving Austin Forward | Courtney Oldham

Courtney Oldham

© Compass 2020 | All Rights Reserved by Compass | Made in NYC

The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.

Courtney Oldham  |  Broker/Owner  |  512-809-5495

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