Looking for September's numbers? Residential sales (per units sold) in Austin are down but not bad compared to the past months. Lakeway sales are also down but only slightly. I am guessing that the down payment assistance going away had alot of buyers finding and buying a home up to the last day before this program went away.
The FHA down payment assistance program ended September 30th. Not only that, FHA's down payment requirement may increase .5% or a total of 3.5% will be required as down payment when using this program.
The data used in this chart has been obtained from the Austin Board of Realtors and has not been confirmed nor verified. Keller Williams Realty is not responsible for the inacurracy of this report.
