Looking to buy or sell your home this summer… and not break a sweat? It’s no secret the ATX market is hot. If holding out until the market cools offisn’t an option, there may be some good news on the horizon.
According to an Opendoor.com survey from last month, less than half of consumers (42%) say that the current macro conditions will impact their buying timeline. Read: Buyers are resilient.
ATX homeowners can go to Opendoor.com and get an offer in minutes by entering their home address and answering a few questions about their home. | Photo by the ATXtoday team
For homebuyers who are still actively searching for a home, lower competition + more seller activity can help provide some relief.
That, coupled with the rising cost of home loans, may help cool the red-hot housing market as higher rates will lead some borrowers to lose their mortgage eligibility due to banks’ strict debt-to-income ratio requirements.
Mortgage rates continue to sky-rocket, impacting the bottom lines of both homeowners + borrowers. The average fixed rate on a 30-year mortgage reached 5.27% in early May, the highest level in more than a decade.
DYK: Every 60 seconds, a homeowner requests an offer from Opendoor. | Photo provided by Opendoor
Homeowners who sell to Opendoor can avoid showings and manage their sale entirely online. Plus, with Opendoor’s all-cash offer, sellers don’t have to worry about a buyer’s financing falling through. Homeowners maintain complete visibility and control throughout the process.
Bonus: Sellers get to choose their closing date — minimizing the possibility of double mortgages or double moving costs. And you can cancel anytime before close, at no cost, for any reason.*
David Grissom | Tues., June 14 | 6-7:30 p.m. | Saxon Pub | Free | Enjoy a performance by this local guitarist who has toured with John Mellencamp and The Chicks. 🎸
Failure | Tues., June 14 | 6:30 p.m. | Mohawk Austin | $25 | Calling all rock fans to this outdoor concert for all ages.
Joe Jackson | Wed., June 15 | 8 p.m. | The Paramount Theatre | $30+ | Hear Jackson + his band perform songs from his entire career on his “Sing, You Sinners!” tour. 🎶
2022 Health Communication Leadership Institute | Wed., June 15-Fri., June 17 | Times vary | G.B. Dealey Center for New Media | $850+ | Learn best practices for health communication – attendance is limited to professionals with at least seven years of work experience in a nonprofit or government setting.
Saharan dust is back in Central Texas. The weather event, which typically takes place from late June to mid-August, results in dust clouds hovering in the air about one mile above the ground. Here’s what that means for air quality. (KXAN)
Austin’s food scene shone gold last night in the James Beard Awards, often called the “Oscars of the food world.” Nixta Taqueria chef Edgar Rico earned the title of best Emerging Chef and El Naranjo’sIliana de la Vega won in the first ever Best Chef, Texas category. 🏆
More than 1.8 million passengers traveled through the Austin-Bergstrom International Airport in April, breaking yet another record for the growing airport. Compared to 2021, the number of passengers increased by 121%. 🧳
A historic downtown trestle bridge above Shoal Creek could soon be revamped to include more pedestrian space, a public plaza, and a scenic overlook. The project is still in early stages, as organizers search for a city department to purchase the bridge from its current owner. (Austin Monitor)
Texas baseball is headed to the NCAA College World Series, after defeating East Carolina11-1 Sunday night. The Longhorns will next face off against Notre Dame in Omaha later this week — see the series schedule here. ⚾️
It was a big weekend for Central Texas baseball — the Georgetown Eagles became state 5A champions for the first time in school history Saturday. Senior + MVP Jacob Hadden is headed to the UIL State All Tournament Team, alongside four other players. (KVUE)
Bufalina pizzeria is returning to the eastside this summer. The Neapolitan-style restaurant is set to open at 2215 E. Cesar Chavez St. with chef Grae Nonas, founder of the Le Cowboy pop-up Italian restaurant. 🍕 (Eater Austin)
Rap superstar and former Grapevine resident Post Malone is headed to the Moody Center this October. Tickets to see the “Twelve Carat Tour” will go on sale this Fri., June 17 at 10 a.m — save your seat here. 🎶
Kids as young as three will soon get the chance to learn how to slice, sauté, and season with the opening of a Little Kitchen Academy in the Capital City later this year. The company has plans to open 75 locations in Texas, including the 1,500-sqft Austin location. 🍳 (Austin Business Journal)
It’s Museum Week, an annual global event celebrating museums and their contributions. Support the Blanton Museum of Art this week by tuning into a free, virtual Q&A with art historian Jamie Kwan, who will discuss architecture + design in 16th and 18th century prints. 🖼
Free donuts? Say less. Yelp Austin is celebrating a belated National Donut Day today at Round Rock Donuts, in honor of the location coming in at No. 1 on the website’s list of Top Donut Shops in the US. Stop by after 10 a.m. for a free coffee + glazed donut. 🍩
Picture this: You’re itching toplant roots. You’ve got some savings, and you’re so very tiredof paying rent. But how do you know if you’re really ready to buy a house?Check out these questions to ask yourself first, courtesy of Opendoor’s Consumer Trends Expert Beatrice de Jong for Architectural Digest. 🏡*
Did you know? Almost everyone has experienced a tension headache, but they’re completely different from migraine headaches, which can be majorly disruptive and follow a unique pattern of symptoms. Quiz yourself on the difference.*
A wellness message from our sponsor
“In our thirties, we start noticing age-related muscle loss, which is a gradual decrease in muscle mass and strength. Here’s the thing: It’s totally normal, but it’s no longer inevitable.”*
Content marked with a * is brought to you by our advertising partners and helps make this newsletter free.
Zilker Botanical Garden will host its first ever yoga class + sound bath meditation next month on Sat., July 23. The intimate experience will include peaceful movement complemented by soothing sounds created by a certified music therapist.
Content marked with an * was created in partnership with 6AM City’s advertising partners. Paid content helps keep this newsletter free. 6AM City may also receive a commission on purchases made through affiliate links in this newsletter.