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Lake Travis Real Estate News

U.S. Real Estate Overview

Note: July 2019 data below are the most recent released by the National Association of Realtors.

Existing-home sales strengthened in July, a positive reversal after total sales were down slightly in the previous month, according to the National Association of Realtors®. Although Northeast transactions declined, the other three major U.S. regions recorded sales increases, including vast growth in the West last month.

Total existing-home sales (transactions including single-family homes, townhomes, condominiums and co-ops) rose 2.5% from June to a seasonally adjusted annual rate of 5.42 million in July. Overall sales are up 0.6% from a year ago (5.39 million in July 2018).


National Association of Realtors July 2019 Data“Falling mortgage rates are improving housing affordability and nudging buyers into the market,” said Lawrence Yun, NAR’s chief economist. However, he added that the supply of affordable housing is severely low. “The shortage of lower-priced homes have markedly pushed up home prices.”

 

The median existing-home price for all housing types in July was $280,800, up 4.3% from July 2018 ($269,300). July’s price increase marks the 89th straight month of year-over-year gains.

Total housing inventory at the end of July decreased to 1.89 million, down from 1.92 million existing-homes available for sale in June, and a 1.6% decrease from 1.92 million one year ago. Unsold inventory is at a 4.2-month supply at the current sales pace, down from the 4.4 month-supply recorded in June and down from the 4.3-month supply recorded in July of 2018.

Properties typically remained on the market for 29 days in July, up from 27 days in June and up from 27 days in July of 2018. Fifty-one percent of homes sold in July were on the market for less than a month.

Per Freddie Mac data, the average commitment rate for a 30-year, conventional, fixed-rate mortgage decreased to 3.77% in July, down from 3.80% in June. The average commitment rate across all of 2018 was 4.54%.

First-time buyers were responsible for 32% of sales in July, down from 35% the month prior and about equal to the 32% recorded in July 2018.

The Best Mortgage

Shopping around for a home loan or mortgage will help you to get the best financing deal. A mortgage - whether it's a home purchase, a refinancing, or a home equity loan - is a product, just like a car, so the price and terms may be negotiable. You'll want to compare all the costs involved in obtaining a mortgage. Shopping, comparing, and negotiating may save you thousands of dollars.

The US Department of Housing and Urban Development offers a free brochure to help guide you through this process. Download a free copy today.

Take advantage of our experience! Contact us for a list of preferred mortgage professionals in our area -- pros we know will serve your interests well. Our experience can really help when it comes to finding the right mortgage professional and then getting the right mortgage for your situation.

Get the Most of the End of Summer in Lake Travis

Summer is just abut over, but that doesn't mean the fun has to end yet!  There's no end of good times to be had in Lake Travis.

Whether you want to have a sunset dinner, cruise around on the lake, get pampered at a spa, or zip through the trees, there's something for everyone to get eh most out of summer.

Take a look at the top 4 things to do in Lake Travis:

Zip Through the Trees

There's no bigger thrill than zipping along over 2800 feet of scenic beauty. Lake Travis Zipline Adventures will thrill you and your family with he longest zipline in Texas. As you hike up to your zipline launching point, your professional tour guide will offer an educational and fun experience.  Then you launch off a cliff and soar for over 2800 ft. There are shorter zip lines as well for the more faint of heart.

Watch the Sunset

Spectacular sunsets define Lake Travis. You can watch the spectacular sunsets from a variety of vantage points, on water or lakeside. How about a romantic dinner as you take in the sunset at Beau Theriot’s “Sunset Capital of Texas”The views from it's terraces perched 450 feet over the lake will leave you breathless. And so will the food. The Oasis, as it's known, is home to some of the best live music anywhere on the lake.

Have a Spa Day

You deserve a little pampering, don't you? Spend a day relaxing at the Lakeway Resort and Spa. This full service spa and resort features a great array of ways to pamper yourself. In addition to the full-service spa, there's three large swimming pools, a whirlpool, a swim-up bar and a slide area perfect for the kids. After a day of relaxing and playing, you can cap off the evening with a splendid meal at restaurant with outside seating featuring spectacular lake views. 

Play or Relax at Volente Beach Resort

Volente Beach Resort is a great place for the whole family to relax and play. The resort features a waterpark with a number of themed areas for the kids. You can also enjoy a casual meal at Beachside Billy’s restaurant with a beach bar and grill. You can even rent a bungalow to stay overnight and enjoy the amenities even longer.

There’s more to Lake Travis than meets the eye.  Make sure to check back on our blog for more great things to do in Lake Travis and Austin. You can search for the perfect home on our website using our powerful home search tools. You can also get free listing alerts of homes as they hit the market at WelcomeToLakeTravis.com. And you can always feel free to call us at 512-657-4467​ to talk to an experienced agent today.​