April showers did bring May flowers and also more houses for sale! Housing inventory has more than doubled from two years ago but sellers want the price their neighbor got back then and buyers want lower prices (with a 3% loan.) Unfortunately, neither of those are realistic in this market. If you're planning to sell, I've included some valuable and timely information about pricing. No telling where interest rates are going but I do know where I'm going; outdoors as much as I can before June gets here. Below is some news you just May use!
If you're planning to sell your home Check This Out
Why Pricing Your Home Right Matters
Pricing in a normal market looks a lot different than it did 2 years ago. The days of putting up silly prices, and often getting them, in a real estate market that went up 46% in two years, are over. Adapting to what we're seeing now is critical as more sellers enter the market and many buyers leave the market due to rates. You can absolutely sell your property in 2024, but expect the process to take longer and for buyers to ask for more concessions. Check out the picture below and look at the effect that initial pricing has on buyer traffic. Despite what we all want, the numbers below show what we're getting.
> Read the full article here
If you're looking for fun things to do Check These Out
Cine Las Americas International Film Festival
May 15-19
The festival showcases contemporary films and videos from Latin America (North, Central, South America, and the Caribbean) and the Iberian Peninsula. Films and videos made by or about Latinos & Latinas in the U.S. or the rest of the world, as well as films and videos by or about Indigenous groups of the Americas are also invited to participate. > Click to Get Details
Hot Luck Festival
May 23-26
The Hot Luck live food & music festival returns to honor the soul, sweat and DIY diversity of the food and music world. The festival is an eat-with-your-fingers picnic and party experience that highlights open-pit feats of culinary know how, and music in your ears that is as thoughtfully created as the food on your plate. Come hungry, thirsty, and bring your dancin boots.
> Visit the Event Website
The Drop-In Summer Concert Series
May 23-Aug 15
ACL Radio & The Long Center have teamed up to bring you a free weekly concert series on the Long Center lawn all summer long. The lineup featured a diverse lineup of Austin’s favorite and emerging artists in the heart of downtown. Do Drop In!