You're reading...
Market News and Trends

Market bubble?

Several weeks ago I wrote Market pause?, pointing out that we began a transition in our residential market in March. Since then we have seen some housing inventory growth, somewhat slower market velocity, and less aggressive price escalation. After years of frantic activity the contrast has been clear, and it has led to questions about whether we are in a market bubble heading for the kind of extreme disruptions we saw in 2008. My answer in June was ‘NO,’ and these posts show graphically how different — and better — things are in this market cycle than in the last one:

Think Home Prices Are Going To Fall? Think Again

3 Graphs To Show This Isn’t a Housing Bubble

Note that those are national market statistics. Home prices rose much faster in the Austin area and housing inventory remains much lower than you see in those graphs. Major employers continue to demonstrate their confidence by building and expanding here and housing demand remains very strong. No market cycle lasts forever, but we still have a lot going for us in Central Texas, and an environment that allows us to build housing inventory and to better balance supply and demand will be a benefit in the coming months.

About Bill Morris, Realtor

Many years of business experience (high tech, client service, business organization and start-up, including almost 20 years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs. Learn more about my background and experience, my commitment to my clients, my profession, and to the real estate industry at


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: