Luxe Austin Homes - housing market

"Austin affected by rising national trend of home buyers ghosting deals"

CultureMap Austin shares, "home buyers across the United States are ghosting sellers at record rates, and Austin is not exempt from the trend. Real estate marketplace Redfin tracked which metros saw the most buyers getting cold feet before closing real estate deals: thankfully Austin wasn't in the top 10, but it did see a significant increase since last year.

Redfin says 13.8 percent of Austin home purchases were called off in September, an increase from 11.8 percent in 2024. San Antonio ranked No. 2 overall, with the highest pull-out rate in Texas at 19 percent. Elsewhere in Texas, Dallas and Fort Worth also saw top 10 rates of home sale cancellations.

Tampa, Florida, topped the list with a cancellation rate of 20.1 percent. The national…

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"Homebuyers are backing out of deals at record rates. Here's why and what it means for the housing market."

Austin Business Journal reports, "Residential real estate purchase agreements are being canceled at record rates — upwards of 20% in some major metro areas — as sellers struggle to maintain the upper hand and buyers suffer from cold feet.

That's according to an analysis of MLS pending sales data in 50 large metro areas by real estate analytics firm Redfin.

Nationally, about 56,000 home-purchase agreements were canceled in August, which translates to 15.1% of homes that went under contract during the month.

That's the highest rate of cancellations in August since Redfin started tracking the metric in 2017. In August 2024, the rate was 14.3%.

The increase represents another obstacle for an evolving housing market already challenged…

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"Mortgage Rates Hit Lowest Level in Over a Year as Fed Eyes Possible Rate Cut"

Realtor.com writes, mortgage rates dipped yet again. The Freddie Mac 30-year fixed rate fell to 6.19%, its lowest level in more than a year. That’s a meaningful drop, and it comes as markets fully price in another possible Federal Reserve rate cut after it meets next week.

While this gives buyers some breathing room, it’s worth noting that further declines may be limited. That’s because there’s still uncertainty around a potential December policy move, and inflation expectations remain sticky.

After delays from the government shutdown, we finally got the report everyone’s been waiting for. The consumer price index, or CPI, showed inflation running at 3% year over year, a slight increase compared with 2.9% the previous month.

Meanwhile, core…

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"Austin is the top buyer’s market for homes in the US"

ATX Today reports, "130%. That’s the percent by which home sellers outnumber buyers in Austin, which was ranked the top buyer’s market in the country earlier this week.

The Capital City had more than twice as many sellers (17,403) as it did buyers (7,568) in September, according to a study from Redfin. That’s a pretty big swing for Austin, as sellers outnumbered buyers by 81% in September 2024.

Additionally, Texas tied with Florida for the most-represented state in the top 10, with San Antonio, Dallas, and Houston also appearing.

Mortgage rates just hit their lowest point in 2025, so if you’re looking for housing in Austin, here are a few stats about Travis County from the Austin Board of Realtors.

• The median sales price is $485,000,…

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"Austin, TX Is America’s Strongest Buyer’s Market, With Over Twice as Many Home Sellers as Buyers"

Redfin News writes, "It’s a buyer’s market—for those who can afford to buy. 

America had an estimated 36.7% more home sellers than buyers in September, meaning many of the buyers who were in the market had room to negotiate. June 2025 is the only month in records dating back to 2013 when sellers outnumbered buyers by a greater percentage, and it was only marginally greater—36.9%. 

The strongest buyer’s market is Austin, TX, which had an estimated 130% more sellers than buyers in September. Next came Fort Lauderdale, FL (118.5% more), West Palm Beach, FL (113%), Miami (112.2%) and Nashville, TN (109.4%). All but two of the 10 strongest buyer’s markets are in Texas or Florida. 

We estimated the number of buyers using proprietary Redfin data on the…

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"Austin housing market shows stability with jump in sales, lower prices"

CultureMap Austin writes, "After an August declaration that Austin was becoming a buyer's market, the latest Central Texas Housing Report studied September data and found the metro's highest growth in closed home sales all year.

The new report from from Unlock MLS and the Austin Board of Realtors (ABoR) revealed that closed sales rose 6.7 percent year-over-year in the Austin-Round Rock-San Marcos metropolitan statistical area (MSA). Median home prices in the metro dipped nearly two percent year-over-year to $420,000.

Unlock MLS research advisor Vaike O'Grady said the September data indicates buyers are showing a "renewed confidence" as the market stabilizes. September's housing trends are also following ABoR's expectations for the season as the…

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"Here's where homes are selling the fastest as the housing market evolves"

Austin Business Journal writes, "Home sales have slowed in many cities across the country — including some Covid-era hotspots — but some communities are bucking the trend and seeing houses sell more than 40% faster than they did pre-pandemic.

That's according to The Business Journals' second-quarter analysis of the nation's hottest housing markets based on quarterly listing and sales data from Intercontinental Exchange.

ZIP code 49629 in Elk Rapids, Michigan, was the fastest-selling housing market in the nation for the second quarter. Homes in Elk Rapids spent an average of 23 days on the market.

The small, waterfront community — approximately 17 miles from Michigan vacation hotspot Traverse City — provides easy access to nearby Elk Lake and…

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"The 'sweet spot' for frustrated homebuyers is on the horizon"

Austin Business Journal writes, "The best time of the year to buy a home is coming up, giving frustrated house hunters an increased chance to close a desired deal.

The week of October 12-18 is what Realtor.com is calling the “sweet spot” for home shoppers. Why? A rare combination of higher inventory, lower prices and less competition makes it ideal for buyers. And even though it's not exactly a buyer's market overall, the improved buying conditions could feel like a breath of fresh air for prospective buyers.

"After years of constrained conditions, the 2025 housing market is giving buyers something they haven't had in a long time: options," said Danielle Hale, chief economist at Realtor.com, in a statement. "I expect this market momentum shift…

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"Fed rate cut could boost Austin housing market"

Austin Business Journal shares, "The Federal Reserve has lowered rates by a quarter point, a welcome sign for homebuyers.

The federal funds rate is now 4% to 4.25%, according to a Sept. 17 announcement, marking the Fed's first rate cut since December. The cut comes as economic indicators point to the growth of economic activity moderating in the first half of the year, job gains slowing and the national unemployment rate increasing to 4.3%, according to the announcement.

Lowering the rate could have an impact on housing affordability in the Austin metro, where the median price of a home was $444,490 in August, 1.3% more than the year prior.

“Even a small rate shift can improve affordability and prompt more buyers to re-enter the market, a…

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"Profits on home flipping are falling — but some areas are beating the odds"

Austin Business Journal reports, "Home flippers are seeing their profits shrink dramatically, plummeting to the lowest point in years.

The latest report from ATTOM, which provides property data and analytics, found that home flippers netted a 25.1% return on investment before expenses in the second quarter, the lowest margin ATTOM has recorded since the second quarter of 2008. It's also down from a high point of a 62.9% in fall 2012.

Gross profit, the difference between what a flipper paid for a property and what they sold it for, also has dropped. The typical flipped home netted $65,300 in the second quarter, about 4% less than the first quarter and 13.6% less than the second quarter of 2024.

The culprit? High home prices that push flippers…

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