📉 Inflation Cooler & Mortgage Rates Lower 💵

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OGA Update 11112022
Record Setting Single Day Rate Drop
Market Minute

On Thursday 11/10, we set a record for single day drop in rates after inflation came in cooler than expected. 

The change in rates was triggered by the CPI (Consumer Price Index) report. This report is one of two key inflationary measures, and it came in better than expected. The bond reacted to the report and because bonds dictate interest rates, we saw a change in a positive direction for the mortgage industry and consequently the housing marketing. 

Rates for the 30 year fixed closed at 6.62% which was a 0.6% drop! 

Read the full article from Mortgage News Daily. 

Austin October Market Stats

AUSTIN OCTOBER MARKET STATS

  1. Months of Inventory increased to 4 MOI from 3.7 in September
  2. Avg Days on Market increased to 40 compared to 18 in Oct 2021
  3. Avg Sold Price increased +7.3% in the Metro and +12.7% in the City of Austin
  4. Withdrawn/Expired Listings increased considerably, more than tripling in the Metro area
  5. New Listings decreased by -289 units
  6. Pending units are down by -40%

Want to know how these trends are impacting your home?
📞 Let’s talk! Courtney 512-809-5495

Featured Properties
1708 Arborside Dr | Pioneer Hill
214 Smoke Tree Circle
What's Happening

WURSTFEST

Sunday, November 13th | 3:00 PM – 10:00 

Get ready for a unique annual celebration filled with German culture and Texas fun! Located near the headwaters of the beautiful Comal River in New Braunfels, Texas! Enjoy the finest in Alpine and Bavarian Style Entertainment, live music, dancing, carnival rides, games, German, Texan, and domestic beer, and delicious food. Find out more HERE

LONGHORN FOOTBALL

Saturday, November 12th | 6:30 PM
Darrell K. Royal Memorial Stadium 

It’s UT vs. TCU on College Game Day!
You don’t want to miss it! Spend your day at a tailgate, drink some beers and watch some football! Click HERE to purchase your tickets. 

FOXTROT OPENING SOON

Chicago-based Foxtrot, a hybrid of urban convenience store, local market and café, is entering the Austin, Texas, marketplace with three new locations. 

The three locations in Austin are opening this year and early 2023 include: 1804 S. 1st St.; 4800 Burnet Rd.; and 2266 Guadalupe Street, MORE

FIELD OF LIGHT
Sunday, November 13th | 5:00 PM

Wildflower Center 28,000 stemmed spheres that are illuminated by solar powered fiber-optics. The exhibition beautifully showcases the intersection of art, technology, and nature. The installation unites with the outdoors, celebrating the natural topography of the landscape. Click HERE to purchase tickets. 

More Resources

If you want to discuss the real estate market and how it could impact the value of our home and your future plans, give me a call.
🍂 Courtney 512-809-5495

MORE RESOURCES

AUSTIN AREA MARKET STATS: For those who love a good spreadsheet, here are the latest Austin market stat. OCTOBER HOUSING REPORT
 
BUYER GUIDE: It’s not easy buying in a market with rising prices and limited inventory. We can help you through the process. BUYER GUIDE

SELLER GUIDE:
 How do you make sure you get the most money for your home? From pricing to marketing, we’ll customize a plan to ensure you get the most money for your home. SELLER GUIDE

 

MORTGAGE: We have several trusted mortgage relationships to help you on your home buying journey. Please reach out to Courtney for the best fit for your needs.  MORTGAGE REFERRAL

MORTGAGE RATES

LUXURY DESIGN AND INTERIORS: We work with a wide variety of designers and would love to introduce you to a great partner. 

CONTRACTORS: The Oldham Group has curated a list of industry professionals from electricians and plumbers to pool companies and landscape firms. Let us make a connection! 
 
Thank you for your Referrals
The Oldham Group | Moving Austin Forward | Courtney Oldham

Courtney Oldham

© Compass 2022 | 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.

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© Compass 2022 | 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.

Thank you for your interest, we will be in touch shortly!

Team Oldham Group | Moving Austin Forward | Courtney Oldham