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Important issues in real estate in 2023

The Two Big Issues the Housing Market’s Facing Right Now The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” … Continue reading

Mortgage rates seem to have peaked

Rising mortgage interest rates have had a meaningful impact on real estate markets across the country. Consesus forecasts indicate some rate reductions later in 2023: Mortgage Rate Projections As you’ll see in my next post, this could allow some relief for the other issue that is holding market back right now — significant housing supply … Continue reading

Foreclosures growing? Not so much …

Media worries about a crisis in real estate, a la 2008, are very unlikely in our market. As a barometer of media health, this look at home foreclosures then and now is cause fo optimism. Continue reading

Austin housing price distribution

Home price escalation in the Austin metro area during the pandemic was unprecedented. Here are the details since 2011, with shocking figures from the past three years! Continue reading