October 31, 2023 | Driving It Home with ABoR's Housing Economist

In this episode of Driving It Home, ABoR Deputy Director of Communications Danielle Hammett and Dr. Clare Losey discuss the Federal Reserve's decision on interest rates, with the anticipation that rates will hold steady and a prediction that mortgage rates will remain elevated throughout 2024. In terms of construction, Dr. Losey highlighted that the housing market in Austin is experiencing stability, with new building permits for single-family homes and overall housing being consistent with September 2019 levels–emphasizing the importance of new construction to address the housing supply shortage, especially affordable inventory.  Lastly, Danielle highlighted ABoR's new Austin Business Journal member benefit (read more at the top of this email) and Dr. Losey explains why it's important for agents to use this tool daily! *Links mentioned in this episode:* September 2023 Market Statistics: https://www.abor.com/marketstatistics 2023 Central Texas International Homebuyers Report (Coming Soon!) https://www.abor.com/internationalreport Download the Audio Transcript + Episode Summary: https://www.abor.com/content/uploads/2023/10/DIH-10-31-23.pdf Connect with us on socials: https://www.abor.com/socials Connect with Dr. Clare Losey on LinkedIn: https://www.linkedin.com/in/clare-losey Have feedback? Email us at [email protected].