https://www.bizjournals.com/austin/news/2023/01/30/buyers-coming-back-housing-market.html

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On the new-build side, the National Association of Home Builders/Wells Fargo Housing Market Index, which measures homebuilder confidence, increased this month for the first time since December 2021. Some major builders, such as Arlington, Texas-based D.R. Horton Inc. (NYSE: DHI), have signaled they plan to increase their housing starts this spring in anticipation of more buyer demand.

To be sure, one month's worth of data isn't indicative of a major shift and the NAHB/Wells Fargo index, at 35, is still low compared to historic standards. But economists, analysts and real estate agents are hoping a more typical spring housing market will take place this year.

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Sellers are starting to offer concessions to prospective buyers due to more competition. I'm curious to see what happens in March-April when the buying season begins.

If I was in the market I'd consider getting in this coming summer. Thinking rates might be high now but in the next 3-5 years there will be good time to refinance.

I work for Lennar in Austin and our starts are definitely increasing month over month and are well off our lows of a few months ago.

We're about to be buyers in the market. Life stage decision that needs to happen with schools/size of home. Rates suck but will for a while. Planning on doing a 7 year ARM and refi when the time is right. Essentially "renting" the IR they will give me for now.

Areas we are targeting have very little inventory and things are still going u/c ASAP. Only people that are upgrading are selling or meemaw passed and the house needs a full gut job.

I saw a bump in activity on my listing over the last 2 weeks. Interest rates stabilizing combined with buyer's taking advantage of 3-2-1 rate buydown programs/seller's contributions to closing cost have something to do with it.

Just got an over asking contract on this one

itsyourboypookie said:

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Just got an over asking contract on this one

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Flipper has to pay capital gains on this when he sells? Is there a way to avoid that?

Where are you thinking of buying? If you're in Texas, Red Pear Realty agents can help you with a 1.5% buyer rebate that you can use to pay for closing costs or buying down your rate.