Last month we talked about the first six months of this year being an opportunity for Buyers (specifically first-time, FHA and VA buyers) to get into the market in a way that they hadn’t in the last many. Looks like I’m not the only one who thought that. First American’s Chief Economist Mark Fleming rolled out some good information that supports this concept Check it out: REconomy Podcast
With improving inflation numbers last week, we saw interest rates drop and buyers engage. In fact, mortgage applications were up ~28%.
What did the Austin Metro Look like over the last few weeks? Here are some data snapshots: