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Ask almost anyone who has purchased a resale home this year (or tried to)! If you’re in the market to buy a home these days, don’t say “let’s go see it next weekend.” It may well be sold before you get there. Continue reading
Supply (active listings) is down 28% compared to last year. At the same time, Demand (sales) is up 16%. Predictably, in that market environment, sales prices are rising — to a $220,000 median, up 10% from March 2013. Continue reading
More than 99% of Texas is experiencing some level of drought, and about 90% of the state is in Extreme or Exceptional drought. The drought in all of Central Texas is rated Severe or Extreme. There is hope, though! This year the Texas legislature will finally fund the State Water Plan! Continue reading
Austin and Central Texas have experienced the recession differently than many other areas, but improvement elsewhere is certainly welcome and will be good for all of us. Continue reading
Following up on my post yesterday about the supply-and-demand imbalance (see Austin Market Dashboard), check out this from KVUE:
Bill Morris on Austin Real Estate 