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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
A few days ago I posted a look at how the price distribution of homes sales in the Austin Metropolitan area have changed over the past several years. Now, I want to break that down by city within the region, focusing just on reported sale prices in 2018. Continue reading
Although the pace of price appreciation has slowed, it is still a very real part of our market environment and will likely continue for at least another year or two. As part of my look back at our real estate market, it’s worth seeing how home price distribution has changed in the Austin metro area over the past eight years: Continue reading
I received an update from the Real Estate Center at Texas A&M University this morning and just want to pass it on. Here are some highlights: “The U.S. and Texas economies will continue to expand in 2019 but at noticeably decelerated rates.” Texas employment growth should continue at almost twice the pace of U.S employment … Continue reading
Bill Morris on Austin Real Estate 