April 2023

Your Guide to the Central Texas
Real Estate Market 

Interest Rates According to National Chief Economist

11 Years of Home Ownership vs. Renting

The graphic above shows a breakdown of the expenses and savings associated with owning a home versus renting a home. 
The example above compares the ownership of a $400,000 home with a 5% down payment versus paying $2500 per month for rent over the timeframe of 11 years.  The expenses for a homeowner total $221,548 versus rent which totals $374,503, which reflects a savings of $152,955 when owning a home.  Each year of ownership increases the amount of savings.

Travis County:
Williamson County:

Bring Photo ID—You must use one of seven forms of ID to vote:

➤➤ Texas driver license
➤➤ Texas Election Identification Certificate (EIC)
➤➤ Texas identification card issued by DPS
➤➤ Texas handgun license issued by DPS
➤➤ US military identification card with visible photograph
➤➤ US citizenship certificate with visible photograph
➤➤ US passport (book or card)

You can change your address or name on the Texas Secretary of State’s website:
Complete information on updating your registration can be found at

2023 & 2024 Real Estate Forecast

The Chief Economist for the National Association of Realtors, Lawrence Yun gave his annual presentation on the real estate market along with his predictions.  The chart above shows the 4-year history of number of homes sold, average home prices and the total dollar volume of home sold. 
Dr. Yun predicts that 2023 home values will be 2% lower than 2022, and most of that decline took place tin he first few months of 2023.  He also predicts that the market will trend upwards in 2024, especially if interest rates drop under 6% by the end of 2023.