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Record-Breaking Real Estate Investment in TexasRent Magazine Contributor —January 10, 2023
Austin, Texas, continued its rise as one of the nation’s hottest real estate markets in January 2023, with a record-breaking investment deal in the tech and commercial real estate sectors. In early January, a tech-focused real estate investment firm acquired several properties in the heart of Austin for $1.3 billion, marking one of the largest...
New Year, New Trends – The Surge in Mortgage Rates Dominates Real Estate MarketRent Magazine Contributor —January 3, 2023
As the new year began, the real estate market was immediately impacted by a sharp rise in mortgage rates, marking a significant shift in early 2023. The average 30-year fixed-rate mortgage surged above 6.5% for the first time since 2008, a milestone that reverberated across the housing market. This sudden increase in rates signaled a...