🤠🏡 Selling Austin #6

Hi y’all! Welcome back - so happy you’re here!
Pay attention to what the Fed said yesterday and read until the end for a house worth drooling over. Seriously. This one is insane.

Let’s dive in.

WHAT'S INSIDE

• THE FED

• WHAT’S HAPPENING IN TOWN

• DEAL OF THE WEEK

• WHAT THIS INFORMATION MEANS FOR YOU

• HOUSE WORTH DROOLING OVER

💰️ THE FED

The Fed said we should expect 3 rate cuts in 2024

Yesterday, Fed Chair Jerome Powell said inflation is “not far” from where it needs to be for the central bank to start cutting interest rates.

Futures traders initially predicted the Fed would start cutting rates in March and keep cutting 6 or 7 times in the year. Now the speculation is the first cut will come in June with 4 total reductions equaling a full percentage point by end of 2024.

If you would like to read more check out this Forbes link:

🤠 WHAT’S HAPPENING IN TOWN

We are growing like crazy - Easton Hills apartments in Riverside is about to change. A developers request to rezone the 5 acre property has been approved.

It will be redeveloped from its current 134 units to a mixed use complex with 385 units and 9,000 sqft of office + retail space.

Property values in the surrounding area will skyrocket as the project nears completion.

👀 DEAL OF THE WEEK

Neighborhood Spotlight: Riverside

As mentioned above - the growth in this area is not slowing down. Its proximity to the river and being walking distance to the best bars/restaurants while still having a neighborhood feel is a huge attraction for buyers + developers.

Listed at: $700,000
Kirtana’s Suggestion: $650,000

This property is A DEAL. Here’s why:

• The surrounding properties and buildings are being completely renovated. We talked last week about wanting to be the smallest/oldest/cheapest house in your neighborhood. Your property value will be pulled up naturally by the surrounding properties.

• Overside lot - 0.25 acres

• LOCATION

⁉️ WHAT THIS INFORMATION MEANS FOR YOU

If you’re a buyer/seller/renter or just interested in real estate - this weekly newsletter will help guide your decision making and help you better understand current market trends.

🤤 HOUSE WORTH DROOLING OVER

You have to see this to believe it. Nothing else like this - nestled in Tarrytown. Price is listed as unknown but i’ll let you in on a secret, it’s yours for: $18,500,000

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