Location:
Eye Art: The Yard, 440 East St. Elmo Road
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Photo Credit: austin.com
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Happy Friday, Y’all! I have some extra pressing news to share this week — the Federal Housing Finance Authority officially released the 2022 conforming loan limits, and it has now been raised a whopping 18 percent from last year to $647,200 for single-family units. As much as we know how hot Austin’s real estate market has been this past year, the majority of the U.S. — particularly the top metro areas — saw a booming effect as well, which is why the FHFA increased these limits to fit these rising property values seen from 2021 (see the full data from the FHFA below).
If you want to take advantage of these increased loan amounts now is a great time to start this conversation. I'm always available to answer your questions!
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2022 Housing Loan
Limit Increase!
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Big news!
The Federal Housing Finance Agency has announced an increase in the maximum conforming mortgage loan limits for 2022 due to nationwide rising home prices we have seen this past year. Effective Jan. 1, 2022
, the conforming loan limits for much of the country will increase 18 percent from $548,250 to $647,200 for single-family homes.
For "high cost" areas, those in which 115 percent of the local median home value exceeds the baseline conforming loan limit, the applicable loan limit will be capped at $970,800,
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To check out the new limits for all U.S. counties according to The Federal Housing Finance Agency , click the link here.
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Looking to buy and need recommendations on trusted local mortgage lenders? Reach out!
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Your Guide to All Things
New & Noteworthy
in Austin
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Fast-Growing Austin Suburb Ropes New Development with 1,600 Homes
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688-acre master-planned community is underway in the fast-growing Williamson County suburb of Liberty Hill.
The first phase of the Lariat community will feature 1,000 homes. The homebuilders are Ashton Woods, Perry Homes, and Tri Pointe Homes. Model homes will be completed late next
"
... keep reading.
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9 New Austin Art Exhibits to Dazzle You During December
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It’s the most wonderful time of the year … to soak up some creative cheer, for cozy gallery outings and wondrous exhibits worth exploring. It’s the happiest season of all, and Austin art galleries and museums have decked the walls with wonders such as those from Basquiat and Blek le Rat. From".
.. keep reading.
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Top Picks for Things to Do
Dec. 10-12
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Twisted X Brewing's Santa Soiree
Head out to Dripping Springs for Twisted X Brewing Co.'s Santa Soiree, featuring new holiday seltzer cocktails, an ugly sweater contest, Christmas bingo, live music, photos with Santa, prizes and more! The event is a community fundraiser for the Food Pantry Helping Hands of Dripping Springs, so donations are welcome! Get the full details here.
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Future Front Texas Holiday Market
Still need to do some holiday shopping? Then check out Future Front Texas's holiday market that will include over 175 vendors! The market showcases women and LGBTQ+ creatives, designers, makers and artists from the Texas South. The weekend's theme will be 'Santa Baby' and there will be all kinds of holiday goodies and unique finds. Learn more here.
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What a week! Congrats to our amazing clients for closing on their new homes in Austin, West Cypress Hills, Georgian Acres and Elgin! Our new Elgin homeowners were one of my first ever clients 15 years ago, so it was a true joy to work with them again and help with their next real estate journey. My team and I hope all of these clients enjoy these gorgeous homes for years to come!
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4 Bed | 2 Bath
Representing Buyer
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5 Bed | 4.5 Bath
Representing Buyer
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3 Bed | 1 Bath
Representing Buyer
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3 Bed | 3 Bath
Representing Buyer
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© Compass 2021 ¦ All Rights Reserved by Compass ¦ Made in NYC
The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.
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