Housing Insights Abilene Housing Insights: October 2023 As we gather to celebrate Thanksgiving, let’s reflect on the state of the real estate market and look ahead to what November holds. Mortgage Rate Relief: October brought a slowdown in the real estate market, primarily due to the impact of mortgage rates. However, there’s good news on the horizon. Positive signals from the Federal […]
Housing Insights Abilene Housing Insights: September 2023 It’s time to take a close look at the current state of the Abilene housing market. The past year has brought both challenges and opportunities, with shifting interest rates and home prices impacting the landscape. In this article, we’ll explore some of the key trends that are shaping the Abilene housing market and what they […]
Housing Insights Abilene Housing Insights: August 2023 August 2023 Housing Stats for Abilene, TX: Navigating a Volatile Market In the ever-evolving landscape of real estate, the housing market in Abilene, TX, for August 2023 continues to be a rollercoaster ride. With fluctuating mortgage rates, prospective buyers and sellers are treading carefully. The upcoming federal update holds promise for potential changes in the […]
Abilene Favorites Highlighting Abilene Non-Profits In the heart of Abilene, there’s a remarkable network of non-profit organizations that dedicate their time, resources, and unwavering commitment to improving the lives of our residents. While there are countless worthy causes in our community, we wanted to shine a spotlight on some of the favorites among our BHGRE Senter team. These organizations tackle […]
Housing Insights Abilene Housing Insights: July 2023 July 2023 Housing Insights: Navigating a Shifting Market As we delve into the midyear point of 2023, the housing market continues to be a realm of dynamic shifts and evolving trends. Let’s take a closer look at the latest insights that define the current landscape. Interest Rates and Market Expectations The anticipation of a potential […]
Real Estate Thoughts REALTOR Rules: Selling Property to a REALTOR When it comes to selling your property, you have various options and potential buyers to consider. In this blog, we will discuss the rules and benefits of selling your home to a licensed REALTOR, ensuring you make an informed decision during the process. Know the Difference Between Licensed and Unlicensed: It is essential to understand […]
Housing Insights Abilene Housing Insights: June 2023 Market Overview: Embracing the New Normal As we move through June, the real estate market is showing signs of returning to a pre-pandemic state. A critical milestone has been reached with over 3 months of housing inventory available for sale, marking the first time since 2019. While we must adjust to the new pricing paradigm, […]
Housing Insights Abilene Housing Insights: May 2023 Welcome to Abilene Housing Insights, your source for the latest updates on the local real estate market. In this edition, we’ll dive into the current trends and challenges that homebuyers are facing in May 2023. Stay informed and gain valuable insights to make informed decisions for your real estate endeavors. Market Update: The Abilene housing […]
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Housing Insights Abilene Housing Insights: April 2023 As the housing market in Abilene experiences notable shifts, it’s crucial to stay informed and adapt to the evolving conditions. In this blog, we’ll discuss the changing market trends and provide valuable guidance for both sellers and buyers. Market Analysis: 1. Increased listing inventory: We’ve observed a substantial rise in available listings, indicating a more […]
Real Estate Thoughts Local Lenders: The Importance and Benefits Buying a home can be a stressful process, especially when it comes to financing. Many people turn to big banks and online lenders for their mortgage needs, but there are significant benefits to working with a local lender. In this blog post, we will discuss the importance of working with a local lender and the […]
Housing Insights Abilene Housing Insights: March 2023 Abilene Housing Market Update: What You Need to Know If you’re thinking about buying or selling a home in Abilene, it’s important to stay up to date on the latest housing market trends. Here’s what you need to know: Prices and Purchasing Power Thanks to lower mortgage rates, buyers in Abilene have more purchasing power […]
Real Estate Thoughts April is Fair Housing Month! April is Fair Housing Month, a time to celebrate the strides made in fair housing over the years and recommit to the goal of ensuring everyone has equal access to housing. What is Fair Housing Month, and why is it important? Fair Housing Month is observed annually to commemorate the passage of the Fair Housing […]
Housing Insights Abilene Housing Insights: February 2023 Quick Thoughts Days on the market has increased significantly in the last 90 days. Sales prices have pulled back slightly to start the year. High demand price ranges are still low on inventory, but improved from most of 2022. Still a Seller’s Market While things are much calmer than they were 6-9  months ago, it’s […]
Housing Insights Abilene Housing Insights: January 2023 Quick Thoughts It’s not uncommon for January to be a slow month Pending sales are in a much better place looking at February Prices have stayed in the $230,000-$250,000 median range since April of 2022 Mortgage Rates Mortgage rates are expected to remain in the low 6% range for most of the year. There is […]
Real Estate Thoughts Homebuying 101: Mortgage Approval Homebuying 101: Mortgage Approval Getting mortgage approval is inevitable for most homebuyers unless you pay cash. A mortgage pre-approval letter is a powerful way to get an edge in a bidding war. Plus, mortgage pre-qualification lets buyers know how much house they can afford. Discover how to get through a successful mortgage approval, one of […]
Housing Insights Abilene Housing Insights: December 2022 The market is changing, and the wild ride of the past two years is over. Quick Thoughts The closed sales decline should be taken with a grain of salt. A slowing market happened right as the holidays began which are a historically slower time. Annually closed home sales for Abilene are down just over 8% […]
Real Estate Thoughts BHGRE Senter, REALTORS: 2022 Recap 2022 Highlights Set two company records for most under contract sales in a single month Highest company sold volume in 20 years at 66.2 million in closed sales! Celebrated 65 years of being a locally owned and operated Abilene business Over 30 non-profits and events supported in 2022 Quality over quantity with outstanding numbers in […]
Housing Insights Abilene Housing Insights: November 2022 Quick Thoughts November is historically a slower month, and overall home sales were very low The lower median sales price is largely a factor of the limited volume Interest rates peaked during November which impacted buyer activity Moving Forward Interest rates have pulled back, and are expected to stay closer to 6% moving forward Prices […]
Housing Insights Abilene Housing Insights: October 2022 Well yes, I do believe the market has changed. The Highlights Prices continue to remain flat since April. Prices are expected to remain mostly flat through 2023. With a potential to rise ~3%. There is also potential for prices to drop 5%. There is no data to remotely support any kind of “crash” occurring. Interest […]
Housing Insights Abilene Housing Insights: September 2022 The market is changing. Having professional, local, and full-time guidance to guide your real estate decisions is more important than ever. Interest rates have risen more than expected, and positive inflation news remains aloof. The inventory recovery continues to be strong as we get closer to returning to three months of available inventory. Home prices […]