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June home sales in the Austin metropolitan area posted a large gain — more than any month for more than a year. Quick sales and rising prices continue. Here are the details. Continue reading
Purchase prices of Austin properties have increased faster than lease rates, and investing now is more challenging. Housing demand in Central Texas remains very high, though, and is likely to remain so for quite some time. Continue reading
Happy Independence Day! Continue reading
Demand to live in the Austin area remains high, but home sales are limited by very low supply. Prices are rising faster again. Here are some details. Continue reading
Some buyers are still waiting out the Covid-19 issue and/or are unwilling or unable to obtain mortgage financing right now, and the number of homes available remains at its lowest point since January 2001. How the regional economy reopens and confidence that Covid-19 is more controlled will affect buyer activity and real inventory growth. Continue reading
The Austin area added significant listing inventory in March, and new pending contracts will boost April sales. I remain optimistic about buyers and sellers reentering the market when they are confident about doing so without jeopardizing their health. Continue reading
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
Bill Morris on Austin Real Estate 