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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 end of the year as some are predicting, we may have a strong 2025 real estate market.”
Brad also emphasized that the current market presents a great buying opportunity, especially with prices well below their recent highs. He added, “I’m still bullish on the Austin market and now is a great opportunity to buy with prices being well off of their highs. What most buyers fail to realize is their ability to ‘buy down’ their interest rates to a more comfortable monthly payment.”
To read more about Brad’s insights and stay informed on the latest in Austin real estate, check out the full article at Austin American-Statesman.
