👻 Spooky Speculation, Market Predictions & Scary Fun 💀

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This Halloween season those of us in the real estate profession are looking into our crystal balls and making predictions about what 2022 will bring…Where will Austin’s historically competitive housing market go next? 

Fannie Mae just released an Economic Growth forecast. Topping the list of concerns for the US economy are global supply constraints, growing inflationary and consumer-spending concerns. Amongst this backdrop, the real estate segment continues to be bright spot. We’re not likely to see quite the same feverish pace of post-pandemic run up…but things still look bullish! This is especially true in the ATX where an influx of new businesses and expansion of existing businesses has made it one of the country’s most robust economies.  

So…full size candy bars for all the trick-or-treaters! 

More from Forbes. “The housing market will cool off in 2022, but not by much, says Fannie Mae” 

“According to the latest forecast put out by Fannie Mae, median home prices are expected to rise 7.9% between the fourth quarter of 2021 and the fourth quarter of 2022. While that would mark a slowing from the extreme price growth we’ve seen this year, it would still represent strong growth by historical standards. (On average, U.S. home prices have climbed 4.1% on an annual basis since 1987.) 

So, put another way: The housing market, at least in the eyes of Fannie Mae, is set to return to a normal-ish level of price appreciation. 

Fannie Mae also expects mortgage rates to climb next year, with the average 30-year fixed rate rising from 3.1% to 3.4%. But the downward pressure on prices from rising rates, the government-sponsored enterprise says, won’t be enough to actually pull prices down.”

LOST CREEK SPOOKTACULAR
OCT 30 | Lost Creek Country Club 
5:00 pm – 7:00 pm

Join your friend for a Spooktacular eventing with the Addams Family. It will be frighteningly good family fun on the Tennis Courts & Deck! Halloween Carnival Games, Bounce House and Street Taco Buffet with Kid-Friendly Choices. MORE 

BOO! HOLE HALLOWEEN
OCT 30 | Blue Hole Regional Park 

Bring all your family and friends to the FREE sixth annual Boo! Hole Halloween event on October 30th from 4 to 10pm to enjoy a special trick-or-treat trail with candy and games. The Southern Wildlife Rehabilitation Center is also returning with their creepy animal exhibit with live spiders, snakes, and opossums, Oh My! Also, come dressed in your best Halloween costume. TICKETS

PUMPKIN PATCHES & FALL FESTIVALS
ALL AROUND AUSTIN

Fall is here in Austin, Texas. Whether you plan to venture out to find the best pumpkin patches in town, explore a haunted house or find a fall festival that caters to all your fall-loving needs, Here’s your guide to celebrating fall (the Austin way) this year. MORE

TRICK OR DRINK 
OCT 29-31 | KUNG FU SALOON

Go back to the good old days of trick or treating with an adult twist. The treat is a bev! You’ll receive a wristband that’ll grant you entry into all of the participating bars and clubs. Don’t miss out on this great opportunity to spend your Halloween in great party spots, with great company. TICKETS

SPOOKY SILENT DISCO
OCT 30 | THE BELMONT

We’re holding it down with a Halloween party on the 31st from 9pm to 1am at The Belmont. Expect hundreds of party-goers decked out in their Halloween hotness singing, dancing, and drinking with 3 DJs battling for your attention all-night long. Costumes are not required, but they’re strongly suggested and a whole lot of fun! TICKETS

sold

800 Embassy Drive #312 | Tyndall
864 SF | 1 bed + Study | $455,000

Under Contract

343 W. Overlook Mountain  
 4BD | 3.5 BA | 2852 Sq Ft | 3.319 AC | $900,000

Just listed

Luxury Homesite | Legacy Hills  
5.5 AC | Bring Your Builder | $375,000 

Under Contract

00 Hunters Run | Apache Shores

Under Contract

5160 AW Grimes 124 & 136 
Haven at Teravista
3 BD | 3 BA | 1684 SF | $375,000

Under Contract

1012 Heep Run | Garlic Creek
Multiple Offers | Over List Price

Courtney Oldham

© Compass 2021 | 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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Team Oldham Group | Moving Austin Forward | Courtney Oldham