News with a SPLASH!

Dated: January 17 2024

Views: 43

SAN ANGELO NEWS

Everyone is always looking for new things to do with their kids during Summer break.. San Angelo will soon have a splash pad(s)! The All-Tex Splash Pad project has been going for a year two and they are making headway.  All-Tex Irrigation and The City of San Angelo have plans for two splash pads. One at Kirby Park and the other at Unidad Park. All-Tex gave a large, initial donation and many others have done so as well through the San Angelo Area Foundation. 
To donate or learn more visit the SAAF Website

MARKET REPORT

2024 is in full swing and this cold snap has put a damper on those wanting to buy and sell this week. I have heard of several homes that were supposed to come on the market and have been delayed due to weather. There are currently 349 homes for sale in San Angelo and 113 under contract waiting to close. We follow these numbers all year and they haven't changed a whole lot since the Summer of 2023. As the temperatures warm and interest rates improve, we should see both of these numbers increase. Here is a link to show what properties are hitting the market now! 

INTEREST RATES

Mortgage rates are still hovering in the low 6's for several loan types. With minimal points, great credit and a solid down payment you can still get a great rate with our local lenders. Some lenders are even buying points for New Construction purchases. 

At the end of last week there were two conflicting inflation reports that came out on Thursday and Friday. Mortgage rates dropped both days. On Tuesday the bad news caught up and we saw a small increase. It is still too early to predict when we are going to see a substantial Mortgage interest rate drop. The economic pundits cannot even agree on this. So... I will continue to churn out this weekly newsletter to keep everyone up to date! 


ERA Newlin & Company is San Angelo's premier real estate brokerage and we have been helping folks buy and sell since 2003. Since 2018, we have sold more homes than any other real estate office every year. We have been recently nominated as a semi-finalist for the Top all around company in the ERA Network. 

Looking to BUY or SELL in 2024
Interview ME for the job 
325-262-5626

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We look forward to working with you now or in the future...

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Kim Kelley

Whether you are looking to buy or sell, I would like to make the process as pleasant and stress free as possible. As a San Angelo native, I am knowledgable about neighborhoods, schools, and opportuni....

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