Bargain Hunting With Rates Above 7% | Call Susie at 512-695-1481

Navigating Austin’s real estate market with mortgage rates still above 7% can feel daunting—but informed preparation can make all the difference. As someone who’s guided clients through every kind of market for over two decades, I know that understanding both timing and leverage is key. A recent study highlights the value of building a rate cushion: planning for a possible half-point increase within 3 months, three-quarters by 6 months, and a full point by the end of the year. Historically, buyers in late Q3 and early Q4 see about 5% lower home prices compared to late Q2, often with fewer competing offers and more room to negotiate. Last month’s 5-month inventory supply gave buyers better bargaining power—whether on price, closing costs, discount points, or even temporary rate buydowns. For those still weighing the right time, keep in mind that while markets are factoring in potential further Fed tightening, the broader aim is to bring down inflation—an eventual positive for mortgage affordability. My commitment is always to provide you with clear data and patient guidance so you can move forward confidently, whatever the market brings.