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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
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
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
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
Bill Morris on Austin Real Estate 