What Makes the End of 2024 the Ideal Time to Purchase a Home
The last of 2024 into 2025 could be your chance if you have been waiting to buy a home. The low-inventory, high-mortgage dives are finally starting to cater towards buyers after years of climbing home prices. This may be the right moment for you to do it.
Choosing Between Multiple Homes
The National Association of Realtors® reported that buyers are currently seeing the most housing inventory available since 2019, with around 4.3 months' worth of supply on the market. Gone are the days of the majority ending in bidding wars for a handful of listings that buyers faced recently.
Buyers will find a wider selection to choose from, as new listings are also up nearly 5% over last year. And now there are plenty of alternatives, finding a home that accommodates your taste is less complicated than ever before.
Game Changer: Price Reductions and Seller Incentives
Higher price reductions are now common in this slower for sellers market. To sweeten the deal, sellers have also started throwing in incentives such as covering closing costs, credits for repairs or upgrades and even rate buy-downs to lower monthly payments. Trends like these provide leverage to buyers as well as more opportunities for better deals.
Less Pressure to Rush
The 2020–2022 market was a whirlwind; however, buyers today are able to take their time and make more calculated decisions. That means you can go back through homes, have contractors come in to get estimates for upgrades, negotiation repairs — all without the worry that someone else will jump ahead of your offer.
Interest Rates are High — But You can Refinance
Even though mortgage rates are higher, there are plenty of people who can utilize the market today and refinance when rates go back down. If you buy today, you will lock in a house for sale at 2023 prices and the ability to negotiate better terms with inventory still being relatively high. Refinancing means lower rates and thus even lower monthly payment, which in turn makes refinancing a smart move for long-term savings.
Equitable Market favoring the Buyer
While not yet an official buyer's market, that tide is turning. Higher inventory, lower prices and more leverage means buyers are experiencing the most favorable market in five years. And as even more housing stock hits the market, buyers could find themselves with a very sweet setup in a matter of months.
The time to do that is now
The end of 2024 provides a great opportunity to get into the ideal home for those biding time on the sidelines. With more inventory rocking in, sellers being a lot more flexible and there is always the option to refinance down the track this is the best buy time! Have your pick of whatever suits you best, rather than having to fight over scraps as has so often been the case in recent times – this is another benefit to a market that’s finally showing signs of gaining back balance in favor of buyers.
Why Pflugerville, Texas is a great place to live!
Pflugerville, Texas, is a charming and rapidly growing suburb just outside Austin, known for its affordability, family-friendly environment, and exciting amenities. This article provides a detailed look at what makes Pflugerville an attractive place to live, including housing, schools, recreation, and more.
Overview of Pflugerville, TX
Pflugerville, also known as the "Trail Capital of Texas," is a thriving community conveniently located near Austin. Despite its proximity to the bustling city, Pflugerville offers more affordable housing and a welcoming small-town feel. Location: About 18 miles north of downtown Austin. Average Home Prices: $440,000, with an average price per square foot of $210. Community Features: Over half of the homes were built after 2010, offering a mix of modern and new constructions.
Housing Market in PflugervillePflugerville offers a diverse housing market with homes ranging from $300,000 to $600,000: - Older homes: West side of Toll 130. - Newer developments: East side of Toll 130.
Notable Neighborhoods: - Blackhawk Community: Features homes along a scenic golf course. - East of Toll 130: Newer constructions with modern amenities.
Schools in PflugervilleThe city boasts a good public school system under the Pflugerville Independent School District (PISD), known for its diversity and quality education. - Hendrickson High School: 89/100 - Pflugerville High School: 85/100 - John Connally High School: 75/100 (Homes in this zone are more affordable.)
Recreation and AttractionsPflugerville offers a variety of attractions, catering to outdoor enthusiasts and those seeking entertainment: - Historic Downtown Pflugerville: Unique dining and shops. - Stone Hill Town Center: Modern shopping center with national anchors and dining options. - Blackhawk Golf Course: A scenic links-style course founded in 1990. - Pflugerville Lake Park: Ideal for swimming, kayaking, fishing, picnicking, and trail activities. - Typhoon Texas Waterpark: Family-friendly summer destination with water slides and more.
Why Choose Pflugerville? Pflugerville is the ideal mix of city life and suburban comfort. Key advantages include: - Affordability: Lower median home prices compared to Austin. - Location: Convenient access to Austin via I-35 and Toll 130. - Family-Friendly: Good schools, parks, and community events.
ConclusionWhether you're drawn to Pflugerville for its affordable housing, top-notch schools, or variety of outdoor activities, it truly has something for everyone. Ready to explore your options? Contact us today to find your perfect home in this vibrant Texas suburb!
Melissa Isaac
Phone:+1(512) 877-8060