Table of Contents

THE CONFESSION

🌅 Austin Housing Update: Why Mortgage Rates Are Moving! Economy and war.

Austin buyers and sellers are feeling another shift in the housing market as mortgage rates tick upward again. With recent events in Iran, economic uncertainty and how that affects the housing market. Rates and affordability can hold up potential buyers from buying. Recent reporting from Axios Austin notes that the average 30-year mortgage rate rose to 6.43% from 6.3%, while mortgage applications dropped 10.5% and refinance activity fell 14.6%.

For Austin homebuyers, that means affordability remains a challenge even as prices have softened a bit and inventory has improved. The median home price in the greater Austin area fell to $412,000 in February, down 3.6% year over year, but higher borrowing costs can still make monthly payments feel out of reach for many buyers.

The broader reason behind the rate jump is uncertainty tied to the Iran conflict, which has pushed oil prices, inflation fears, and bond yields higher. That kind of market volatility often filters straight into mortgage pricing, even if local housing fundamentals are improving.

For Austin sellers, this is a reminder that pricing strategy matters more than ever. Buyers are more rate-sensitive, so homes that are clean, well-priced, and move-in ready are likely to stand out.

If you’re thinking about buying or selling in Austin, the best move is to stay informed and have a clear plan. In a shifting market, timing, pricing, and preparation can make a big difference.

For buyers

  • Get pre-approved early so you know your true budget.

  • Focus on monthly payment, not just purchase price.

  • Be ready to move quickly on homes that are priced well.

  • Consider locking your rate when you find a home you love.

  • Look for homes that fit your budget even if rates stay elevated.

For sellers

  • Price your home competitively from day one.

  • Make the home show well with clean presentation and small updates.

  • Expect buyers to be more rate-sensitive and negotiate harder.

  • Highlight features that add value and reduce buyer hesitation.

  • Be flexible on terms if you want to attract stronger offers.

The market is shifting. Let’s make it work for you.

COMPANIES MOVING TO TEXAS

🌎 Global company comes to TX

Apollo Global Management is weighing Florida or Texas for a second U.S. headquarters as part of a broader Sun Belt expansion. The move reflects a growing shift by major financial firms toward lower-cost, business-friendly states and could strengthen Apollo’s presence outside New York.

Check out the full article here

EVENTS
The Bloody Mary festival

The Bloody Mary Festival in Austin is a 21+ brunch-time tasting event where guests sample Bloody Marys from local bars and restaurants, enjoy bites and drinks, and vote for the city’s best for the red cocktail.

Takeaway: Have fun and LOVE THIS MONTH!

MY NEWEST LISTING

Sweet Home in Blanco Vista

3308 Jacob Lane is coming to the market this week. It will be one of the lowest price resale homes, that is just a few years old and basically new. Terrata Homes built this gem it is sure to please at the low price of $325000.

Takeaway: See more of my listings HERE.

BEST NEW RESTURANT

READY FOR GOOD FOOD?

Swift’s Attic is a stylish downtown Austin restaurant known for inventive modern American small plates, seasonal flavors, and craft cocktails. Tucked away above Congress Avenue, it offers a playful, eclectic vibe that feels both upscale and relaxed, making it a great spot for date nights, group dinners, and special occasions..

Check out the SWIFT ATTIC’S Menu

Takeaway: Ship drafts publicly. “Good enough” in an hour beats “perfect” in a week.

BUCEES TRACKER

WHAT IS THE BEAVER UP TO?

Two couples make Buc-ee's their unconventional wedding destination! I cant believe that Bucees is now a wedding venue, can you?

Takeaway: I guess you can save on gas while you say I DO! Check out the article HERE.

Until next week,
The Unicorn Riding Realtor,

Jason

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