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“No doubt the industry is changing, as it always had in my 50 years of experience, but the constant that I see through all this time is consumer preference for quality brokers and agents.” Continue reading
In Pricing to Sell I commented on the importance of pricing correctly in achieving a timely sale and getting the highest price that the market will allow. ” … Timely sale …” and “… that the market will allow ….” are critical to understand because regional market velocity is driven by broad supply and demand … Continue reading
Buyers may begin to think that if a listing lasts too long there must be something wrong with the property. They may make a discounted offer or simply choose not to see it at all. Both options cost sellers real money. Continue reading
Earlier this year I wrote about the distribution of sales prices in Central Texas (Home Prices in Austin and More on Austin-area Home Prices). Since housing affordability is so often a topic of conversation these days, I want to offer some thoughts on that subject now. As a starting point, this chart shows the relative … Continue reading
Demand is not the problem. We have a lot of new jobs being created and steady population growth. We simply don’t have enough homes to meet the demand, and the perceived price vs. value equation for many buyers got out of hand as a result. Continue reading
As long as growing employers and their employees want to move here and are willing to accept the challenges that come with fast growth, we may well have a couple more years ahead like the last couple. Buckle up! Continue reading
The percentage of total unit sales in the $200,000 to $400,000 range grew from 46% in 2014 to 62% in 2018, and to 66% in the 1st quarter of 2019 because the availability of homes under $300,000 fell dramatically. Continue reading
There is no sign now of the kind of disruption we saw in 2007-2008. We are simply being held back at this point by a shortage of housing available for sale. Continue reading
My About Me page mentions my selection as a Five Star Real Estate Professional and recognized in Texas Monthly magazine each year since 2011. In connection with that award I am also proud to have been featured for two years in Forbes in 2018 and 2019: Real Estate Market Leaders I am especially proud that … Continue reading
Bill Morris on Austin Real Estate 