May Market Update – Positive Inflation News & Strong Demand

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The Oldham Group Austin | Courtney Oldham

Oldham Group Austin Update

May Market Update
May 17, 2024
The Oldham Group Austin | Courtney Oldham

Inflation Eases for the First Time in Three Months

Good news!!! The most anticipated economic report of the month showed that inflation cooled down a little in April, bringing relief to investors and housing industry professionals. Consumer prices in April were up 3.4% from a year earlier, down from 3.5% in March, according to data released by the Bureau of Labor Statistics on Wednesday. The reading, which came on the heels of the past three stronger-than-expected CPI releases, aligned with economists’ forecasts.

Core inflation, the Fed’s preferred inflation measure, fell to 3.6% annually in April, down from 3.8% in March. The Fed’s target for core inflation remains 2%. On a monthly basis, the index increased by 0.3% in April, down from 0.4% in March.

This news is having a positive impact on mortgage rates. As of yesterday, the 10-year treasury rate was down only 3 bp from a week ago. The stock market is liking the news, too.  All three indexes are showing gains of 0.5% or better as of yesterday. Housing Wire

Demand for housing in Austin remains strong. Homes are staying on the market a bit longer and in some cases, price reductions and/or buyer incentives are necessary to get a deal to paper and to the closing table. Showing activity has shown improvement over the last several weeks as we are in height of the spring selling season.

Looking for information and guidance on your specific home selling strategy reach out to Courtney


Travis County Park Acquisition

Travis County Park Acquisition

As a Board Member for the Travis County Parks Foundation, I’m pleased to share the recent acquisition of the RGK Ranch by Travis County Parks. The acquisition of this incredible 1,506 acres property off Texas 71 between Bee Cave and Spicewood was made possible by the voters’ approval last November of a $276 million bond for parks and land acquisition. This piece of property along with the separate purchase of the 475-acre Castletop property furthers the possibility of a parkland network running from Texas 71 to Hamilton Pool Preserve.

Thank you to the voters of Travis County, the Travis County Parks staff and to our elected county officials for your work in making Travis County an area rich with outdoor treasures than enhance our quality of life.

Texas Monthly Article and Austin American Statesman Article


Featured Properties

214 B Smoke Tree Circle

214 B Smoke Tree Circle

4 BD

3.5 BA

3,697 SF

$975,000

  • Sold
1741 Spyglass Drive, Unit 1-333

1741 Spyglass Drive, Unit 1-333

1 BD

1 FB

821 SF

$350,000

  • Sold
800 W. 5th Street #503

800 W. 5th Street #503

2 BD

2 BA

1,538 SF

$915,000

  • New Price
10902 Medfield Court

10902 Medfield Court

5 BD

3.5 FB

3309 SF

$925,000

  • New Price
1412 Fairhaven Gateway

1412 Fairhaven Gateway

4 BD

2.5 FB

2,477 SF

$375,000

  • Sold
1603, 1621, 1647, 1665 & 1670 Headwaters Blvd

1603, 1621, 1647, 1665 & 1670 Headwaters Blvd

80 x 145

$275,000

  • Just Listed

What’s Happening

Tea at Tillie's

Tea at Tillie’s

Summer Drinks

Summer Drinks

Austin FC

Austin FC

Crawfish Boil

Crawfish Boil


Ready to Make a Move

The first step is EASY! Call or text Courtney.

We’ll set up a time to carefully evaluate all options and put together the BEST plan & timeline for you and your family. We’ve helped thousands of clients navigate buying and selling in Austin over the last 17 years. We’d be honored to help you, your friends and colleagues.


The Oldham Group Austin | Courtney Oldham

Courtney Oldham

Broker Associate, Oldham Group

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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.