Will Tuthill - Austin Realtor

With a list price of $50M, the Legacy of Lake Austin is the most valuable offering on record in the Austin area. This 4 residence compound contains 10,505 square feet of living space, 9 bedrooms and 11 full baths, and includes 212 feet of water front access.

This does not help address the housing affordability issue in Austin. 😊

The Consumer Price Index (CPI), which is the most commonly used metric to gauge inflation, is trending down following the Federal Reserve's aggressive interest rate hikes. This bodes well for mortgage rates, as indicated by this chart from NEO Powered by Luminate Home Loans that highlights the correlation between mortgage rates and inflation.

Mortgage lenders like Guild Mortgage are offering some great interest buy-down options up to the first three years of the loan, with the option to refinance at any time. I have a client that just purchased a two year buy down using seller concessions. Reach out to me for more information!

Is the inventory wave cresting? The inventory in the Austin / Round Rock metropolitan area has increased 500% since the beginning of this year's historic lows. With interest rates still on the climb sellers are pulling back. Despite the market slow down home prices still eked out a slight increase year over year.