Brad Pauly, the owner of Pauly Presley Realty, recently shared his expert insights in the Austin American-Statesman, discussing the current dynamics of the Austin real estate market.
In the article, Brad noted that the recent decline in interest rates has prompted buyers who were waiting for a dip to finally enter the market. He mentioned, “With interest rates sliding last week to their lowest level since May 2023, the decline brought out buyers who were waiting for the dip.”
While August is traditionally a slower month with potential recession concerns, Brad remains optimistic. He explained, “Even though August is a traditionally slower month and there are recession concerns, we did have a reduction of inventory. If rates are under 6% by the…