Navigating High Interest Rates in the Austin Real Estate Market (July 2023 Stats)

Should fear of Interest rates stop me from buying a home?
Where is the market headed based on the latest stats from ABOR (July 2023 stats)
How are sellers affected by the high interest rates?

In this video, I discuss whether high interest rates should deter you from buying a home in the Austin area. I break down the impact of high rates on both buyers and sellers, offering insights into the current market conditions using July 2023 real estate stats from the Austin Board of Realtors.

Key Points:

High interest rates mean fewer buyers qualify, giving you negotiation power.
Buying builds equity; renting fills your landlord's pockets.
July 2023 stats show a 10% drop in median sales price but increased buyer activity.
For sellers, competition is high due to increased listings and incentives from builders.
Consider alternatives like renting if selling isn't urgent.
Work with a Realtor for expert guidance on pricing and market changes.

For personalized advice, contact me. Don't forget to like, subscribe, and share for more Austin real estate insights!

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Facebook work: https://www.facebook.com/GabiVituiRealtor
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LinkedIn: https://www.linkedin.com/in/gabriela-vitui-88531664/
Rumble: Realtor View of Austin, Texas- https://rumble.com/c/c-2255654
YouTube: Realtor View of Austin, Texas - https://www.youtube.com/channel/UCsP6hgvDJ4irytFiuLMUJ3w

About Me: https://gabrielavitui.exprealty.com/agents/1256879/Gabi+Vitui
👉 The short version is that I was born and raised in 🇹🇩 Romania in a small city called Satu-Mare. Life brought me to the USA when I was 20 years old - all by myself and with $500 in my pocket. I am still working on my 🇺🇸“American Dream” 🇺🇸. From various jobs in the past, Real Estate has been my career since 2015 here in Austin and nearby areas (Round Rock, Georgetown, Pflugerville, Leander, Cedar Park, Jarrell , Temple, Hutto, South Austin - Buda, Kyle, San Marcos, Dripping Springs, Driftwood).
🌎 Besides Texas, I have the connections and systems to help you find properties in other states, even other countries.

🏆Email me for your FREE Buyers’ & Sellers’ Guide🏆
👉👉👉👉👉 Gabi@VIPrealestateclub.com 👈👈👈👈👈