In September, residential units sold in Central Texas have DECREASED a whopping 43% compared to last September. In Lake Travis ISD which includes Lakeway, Bee Caves and Spicewood, residential units sold have DECREASED only 7% compared to last September.
Now that the Attorney General released earlier this month his demand letter to the banks which resulted to a freeze in foreclosures, I wonder what October sales would look like. It seems that we have a challenge each month in the housing market but the interest rates seems to be dropping. A builder in Austin is offering 3.875% fixed rate conventional loan financing for 30 years! WOW!
So if you are still on the fence about buying, you have got to be kidding me, there are so many deals to be made. Give me a call and let's talk!
