First of all, let me say that these are frightening times. There is a global pandemic that has sickened millions of people, killed hundreds of thousands, destroyed millions of jobs in the USA and the effects will echo around the world for years and years. I'm praying for everyone affected. We are in a recession, officially, in the USA, and with stock market volatility, interest rate confusion and even news of oil prices going negative - all leaves us shocked and confused.
The impact of all of this for Austin real estate, so far at least, has been fairly straightforward: new listings have slowed substantially and some were pulled. However, there are still folks who are looking to buy. When demand is fairly steady, but supply suddenly dips- the result is that prices are rising and "days-on-market" are going down.
If you've been thinking of listing, this is a unique time - especially in the $500K-$2M price range. If you're shopping for investment properties in the less-than $500K price range, my feeling is that prices won't be dropping for a few more months. If you have questions about buying or selling- contact me and let's walk through it together.
Check out (and share!) my new video!
I get by with a little help from my friends! Y'all probably all know I've been involved with The African Leadership Bridge for quite a while. I asked our most recent graduate (of the UT Austin film program), Ukairo Ukairo of Nigeria, if he could help me do a video about my real estate business. I'm proud to say he directed, shot, edited and published the video for me, and I couldn't be more pleased! Hit him up if your business could use something like this!
I also asked some recent clients and new friends if they'd talk about their experience with me on-camera, and they very kindly obliged. Thanks W&G! If you, or someone you know, needs help with real estate or just wants to chat about it, send them my way. I truly enjoy helping people!