OHA Market Update Feb 10, 2025
National Real Estate Market Update:
Housing Trends, Interest Rates, and Market Forecasts
Why Buying Before Spring Matters
Timing your home purchase can make a huge difference in both your costs and experience as a buyer. Here’s why acting before spring could be a smart financial move:
Avoid Higher Prices: Historically, home prices increase in the spring due to higher demand. Buying now could save you thousands by locking in today’s price before competition drives them up.
Better Negotiation Opportunities: Sellers with homes sitting on the market during winter are often more flexible with concessions, price reductions, and repairs—giving you an upper hand.
Less Stress & More Choices: With fewer buyers in the market, you won’t feel rushed to make a decision, and you’ll have more time to explore options that truly fit your needs.
OHA’s HOT TAKE:
Buying before the spring rush isn’t just about saving money—it’s about getting the right home on your terms. If you wait, you may face bidding wars, higher prices, and fewer chances to negotiate.
Let’s start your home search now and take advantage of today’s market conditions!
Austin Area Real Estate & Community Update:
Market Trends, Local News, and Neighborhood Insights
Texas Leads the Nation in Growth—and Homebuilding Is Racing to Keep Up!
Texas is officially the fastest-growing state in the U.S., attracting millions of new residents in recent years. With more people moving in—especially from states like California—demand for housing has surged. In response, Texas has become the top state for new home construction, accounting for 15% of all permitted housing units in the country last year.
🏡 What’s Changing?
✔️ Builders are focusing on smaller, more affordable homes to meet demand.
✔️ The share of new homes priced under $350k is rising.
✔️ Home prices remain below the national median, making Texas an attractive option for buyers.
Why this is great news, especially for First Time Home-Buyers!
1. More Homes at Lower Prices: With builders focusing on smaller, more affordable homes, first-time buyers can find options that are priced below the national median, making it easier to enter the market without stretching their budget too far.
2. Less Competition at Lower Price Points: As many homes in Texas are priced below the national average, you may have more opportunities to find something within your budget, especially with the growing inventory.
3. Population Growth and Job Opportunities: Texas’ population boom means more jobs, businesses, and community growth, which helps support the economy and creates a strong real estate market.
4. Lower Cost Per Square Foot: Even if prices have risen in some areas, homes in Texas are still priced more affordably compared to other parts of the country, which means you can get more for your money.
5. Increased Availability: As more homes are being built, you’ll have more options to choose from, helping you find a place that fits your needs and budget.
OHA’s HOT TAKE:
For first-time buyers, this is an exciting time to enter the market right here in Texas—where homes are still affordable and the potential for home value growth is strong!
If you’re ready to take the next step, let’s chat!
Jennifer Carey
Realtor and Agent Success Manager at Open House Austin, real estate investor, and renovation enthusiast with Wimberley Airbnbs. She loves mid-century modern design, hiking Austin with her dogs, yoga, and exploring creative hobbies like painting, pottery, and piano. 🎶✨
