Latest on Rates, Cinnamon Slate & 50 Best Tacos in the State!
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Oldham Group Austin Update
The latest on Rates, Cinnamon Slate & 50 Best Tacos in the State!
October 25, 2024
Luxury Sales, Wealth Building & Rates
COMPASS sells luxury….lots of it! COMPASS agents sold almost 4,000 unique properties priced $4 million or more….and that excludes, referrals, rentals or commercial sales.
“They” say your home does not create wealth…..might “they” be wrong? Americans have more than $35 trillion in home equity, up 81% from the end of 2019, according to the Fed. That is an average of about $400,000 per U.S. homeowner. (John Burns)
Lower interest rates may fuel a resurgence of home improvement….. More homeowners are borrowing against the rising value of their properties, suggesting that the worst of the remodeling slump has passed. (WSJ)
Rates are up about .25% in rate this week and hovering around 6.90% per Mortgage News Daily. Rates have risen almost every day since Oct 15th and are up .72% since Oct 1st. We are suggesting to lock in ahead of the election with our float down option should rates fall back down .25% or more.
2024 will register the lowest volume of home sales since 1995, due to the combination of higher interest rates, record high prices, weak inventory in many areas and the lock-in effect of low mortgages: the lock-in effect has “prevented” the sale of an estimated 1.33 million homes. (MarketWatch)
For tailored insights and expert advice on navigating the luxury market, contact Courtney.
Color of the Year | Cinnamon Slate
Benjamin Moore has come out with its 2025 color of the year and it’s Cinnamon Slate – a delicate mix of heathered plum and velvety brown – is the official 2025 Color of the Year! Glacier White and Leather Saddle Brown are pretty enticing too.
Featured Properties
6433 York Bridge Circle
3 BD
2 BA
1,887 SF
$650,000
- Under Contract
Impeccably maintained one story home in the highly desirable Park Place neighborhood of Circle C Ranch. The open floor plan flows seamlessly, making it perfect for entertaining. The spacious family room is adorned with gleaming hardwood floors, a cozy gas log fireplace, and an abundance of natural light that filters through large picture windows, creating a warm and inviting atmosphere. Sit on the private back patio with a cup of coffee! Walking distince to everything Taco Deli, Alamo Draft Houses, School sand more!
Listed by: Courtney Oldham, Compass RE
1104 Emmitt Run
3 BD
2 BA
1,436 SF
$500,000
- Just Listed
Charming single-story home in HOT East Austin boasts of limestone exterior, gleaming hardwood floors and fresh, neutral paint throughout. The kitchen is beautifully upgraded with quartz countertops, a stylish tile backsplash, and crisp white cabinets offering ample storage and surface space for cooking and entertaining. Experience the best of East Austin living.
Listed by: Courtney Oldham, Compass RE
1305 Westcott Drive Units A & B
4 BD
2.5 BA
1,930 SF
$375,000
- Available
This charming duplex in Round Rock, Texas, offers a prime investment opportunity just half a mile from Dell Diamond. Each unit rents for $1,500 and features modern, carpet-free flooring throughout. The open-concept kitchen flows into the spacious living room, creating a welcoming atmosphere perfect for entertaining. Both units boast large closets, providing ample storage space, and sliding doors lead to a private backyard, offering a peaceful retreat for tenants. Located near major employers and the thriving tech industry, this property offers easy access to I-35, making commuting a breeze..
Listed by: Courtney Oldham, Compass RE
2004 E. 9th Street Unit A
4 BD
2 FB
1,511 SF
$650,000
- Sold
Nestled in the heart of the vibrant Blackshear/Prospect Hill neighborhood of East Austin, this charming two-story bungalow seamlessly blends classic character with modern updates. The property features newly renovated bathrooms, complete with contemporary vanities, elegant lighting fixtures, and stylish hardware, providing a luxurious and comfortable living experience.
Listed by: Courtney Oldham, Compass RE
What’s Happening
50 Best Tacos in Texas
Texas Monthly traversed the state from the Rio Grande Valley to the Panhandle to find the most superb tacos and taquerias. Along the way they found a new movement. Welcome to New Tejano.
Easy Tiger Scare!
Here’s what’s happening at Easy Tiger this week! Today enjoy $10 Tigeritas and $12 Ghost Old Fashioneds. Grab a $1 Bat Cookie at both locations, all day while supplies last! Kids in costume (12 & under) get theirs for FREE. Don’t ghost them—come celebrate!
Alvies + Nolan Ryan
Alvie’s teamed up with the Nolan Ryan Foundation and Texas baseball legend Nolan Ryan to craft these limited-edition boots. Serving up heat, striking fear into batters, and embodying Texas pride, Nolan Ryan and the Nolan Ryan Foundation are the perfect partners for this one-of-a-kind collaboration.
Go Vote!!
Early voting for theNov. 5 general election is underway in Austin, with a record-breaking number of folks showing up for the first day of early voting compared to previous years. If you haven’t already cast your vote, prepare for the polls with our guide to election season in Austin. Here’s the Voter’s Guide to see what’s on the ballot and who is giving out voter freebies!
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.
Courtney Oldham
© Compass 2025 | 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.
