Shelter in place orders may have distorted market activity in recent weeks, but I believe we were on our way to another very busy year in Austin-area real estate and we should be still. There is no reason for that not to be true. Continue reading
The State of Texas has issued new rules for working during the Covid-19 issue. Real estate services are correctly identified as being “essential.” Here are the rules and my general plans to proceed. Continue reading
On Friday I posted a copy of my March client e-newsletter, discussing in general terms the “Stay Safe” orders in the City of Austin and Travis, Williamson, and Hays counties. The Austin Board of REALTORS® has provided this much more detailed comparison of all four: Comparison of Stay Home – Stay Safe Orders in Central … Continue reading
In the past, I haven’t shared the e-newsletter beyond my clients, but yesterday I provided them some updates that I believe deserve broader distribution. Continue reading
This is the third post in a series reviewing Austin-area home prices and summarizes the distribution of sales across specific price ranges. Continue reading
If you follow media reports about residential real estate in the Greater Austin area you know that we are still in a very “unusual” market environment. “Crazy,” some might say. 2019 was the seventh full year of significant imbalance between housing demand and housing supply. Compare this market cycle to others over the past thirty years. Continue reading
We talk a lot about market-level home sales and prices. This post looks below that level at changes over the past 10 years in the Austin-area market by price range. These are important chanages. Continue reading
I recently attended an economic forecast presentation at a luncheon for the local chapter of the Residential Real Estate Council. Our speaker was Mark Sprague, Director of Information Capital for Independence Title and an analyst and prolific writer and speaker on all things real estate. I am pleased to offer some important insights about the Austin-area. Continue reading
We certainly have an affordability issue in Austin residential real estate, but in the aggregate we haven’t hit a tipping point. The need for “missing middle” housing options in the city of Austin is very real, and now is the time to start. Continue reading
As a result of the high demand for single-family housing, the Real Estate Center projects an increase in sales by 6.4 percent with a lift of 5.2 percent per square foot price. Austin will still lead the state in sales and price increases, expecting a 9.2 percent growth in sales and a 7.9 percent growth in price per square foot. Continue reading
