Rate Cut, 50 Burgers Worth the Drive & Grand Slam Properties
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Oldham Group Austin Update
Fed Rate Cut, 50 Burgers Worth the Drive & Grand Slam Properties
September 20, 2024
What Does the Rate Cut Mean
for Homebuyers & Sellers
What Does the Rate Cut Mean for Homebuyers & Sellers
“We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell, said, referring to the central bank’s decision to cut interest rates by half a point.”
The Fed’s announcement on Wednesday, that it would lower rates by a half a percentage was good news for stocks because lower borrowing costs can boost corporate profits and increase the value of investors’ holdings. Much of the gain was led by technology companies. given Austin’s heavy tech industry, this is good news! It’s also a fair assumpation that other parts of the market will benefit from lower rates, including residential real estate. Lower borrowing costs increases affordability for buyers and gives them a reason to move forward at a time when prices have softened and inventory levels are higher than normal. In short, today’s 6.17% 30 year fixed rate should be a sign for buyers to get in the game between now and the end of year. It’s likey we’ll see a stronger spring market with upward trending price points. On your mark, get set, BUY!
For personalized insights and expert guidance on navigating the luxury market, contact Courtney.
50 Burgers Worth the Drive
According to Texas Highways, magazine, 50 Burgers Worth the Drive, “The only thing Texans love more than beef is when it’s ground, seasoned, and seared on a flattop. From pitmaster-perfected smoke renditions to tomale-topped tex-mex interpretations, burgers are now available in every style and size under the bun.” The article categorizes burgers into Tex-Mex, Smash, Fancy, San Antonio Bean, BBQ and Texas Old-Fashioned. The Austin area places that made the list include BarToti, Cuantas Hamburguesas, Jewboy Burgers, Leroy & Lewis Barbeque, Silver Medal and Old Pal.
Grand Slam Properties
As the U.S. Open closes, affluent buyers are infusing their homes with their passion for racquet sports. Luxury & Sports and Entertainment Compass agents reveal how today’s high-end homeowners are elevating their living spaces to match their athletic ambitions – from custom tennis courts to pickleball courts. Here are three luxurious homes for the tennis enthusiast.
New York Retreat – $15,995,000
Key Largo, FL – $75,000,000
La Jolla, CA – $14,450,000
Featured Properties
214 B Smoke Tree Circle
4 BD
3.5 BA
3,697 SF
$975,000
- Sold
New custom home built by Schwartz Custom Homes in the sought after Hilltop section of the award-winning Headwaters Community. Enjoy a three car garage, fine finishes, generous outdoor living spaces and views for days!! Dripping Springs ISD.
Listed by: Courtney Oldham, Compass RE
2609 W 49th Street
4 BD
3 BA
2,805 SF
$1,549,999
- Sold
A modern masterpiece in the coveted Rosedale neighborhood. This expertly remodeled home boasts of soaring ceilings that create an expansive and luxurious atmosphere. With over 70 windows, natural light floods every corner, highlighting the home’s exquisite design and attention to detail.
Listed by: Courtney Oldham, Compass RE
1623 Waterston Avenue
4 BD
3.5 BA
2,838 SF
$3,450,000
- Available
The Modern Bungalow of Clarksville. Elegant. Intentional. Harmonious. Located one block from Jeffrey’s, Josephine House and Fresh Plus Grocery, Cafe Medici, Taco Flats and 1/4 of a mile to Downtown Austin – the proximity of this home is second to none. This stunning 4-bedroom, 3.5-bathroom house, designed by Side Angle Side and built by Cobb Development, is a beautiful blend of craftsmen details outside with modern, luxurious finishes throughout inside.
Listed by: 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
Uchi’s Sake Dinner
Join Uchi for an exclusive guided dinner experience to celebrate World Sake Day at Uchi Austin! Renowned sake professional Chris Melton will lead guests through curated pairings, sharing his knowledge of sake production, vocabulary, and different sake styles.
Ansel Adams Exhibit
“Visualizing the Environment: Ansel Adams and His Legacy” will feature 30 of the most iconic works by world-renowned photographer Ansel Adams, showcased alongside those of his predecessors and of the generations of artists he influenced and inspired. The exhibition addresses important subjects such as environmental change over time.
Tribeza Interiors
TRIBEZA’s 10th annual Interiors Tour will return this January. This event allows hundreds of design fans to tour stunning and creative homes across Austin. Want to be part of the fun? Fill out the application form for one of your projects to be considered for the 2025 Interiors Tour. Applications are due 11/1. Tickets for the tour will be on sale December 1.
Oktoberfest
Head to the Hill Country and celebrate Bavaria with food, dancing, dirndl and lederhosen contests, gemutlichkeit (friendlieness) and waltz and polka contests. Marktplatz Pavailion, 100 Block of West Main Street in Fredericksburg.
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
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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.
