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
I wrote a couple of posts yesterday on another site but thought I’d share them here as well: Supply and Demand: National Story And A Little Local Data Study: Homebuying Optimism Bounces Back Up It has been several weeks since I wrote about price trends and the changes in the number of homes for sale … Continue reading
If you live in Austin this won’t surprise you, but this article appeared today in RISMedia. It’s more than two years old but apparently is still in demand by readers, and in my estimation still accurate at least as far as Austin is concerned: 5 Cities Millennials are Flocking To The fact that this has … Continue reading
Austin’s residential real estate market climbed in 2012 and in 2013 began the boom cycle that we have enjoyed for almost seven years now, marked by very low inventory and rising prices. What’s next? Continue reading
This market cycle is maturing, but we’re just watching the proper function of a market, and demand for Austin’s highly educated workforce and for the attractive lifestyle that Austin represents will continue to support growth for a while yet. Continue reading
One reason for our continuing struggle with supply vs. demand is that Austinites and staying longer in their homes, and we’re not alone Continue reading
Demand for housing in the Austin area remains very strong and is forecasted to continue for another year or more. Homebuilders are catching up a bit. So far it’s not enough, though. Here are some key trends to watch. Continue reading
