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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
2018 finished strong, and with low inventory conditions continuing 2019 looks like another fast-paced year in Austin-area real estate. I continue to believe we’ll see slower year-over-year price increases than in recent years, but I’ll keep you informed. Continue reading
Last week I attended a great presentation by Mark Sprague, Director of Information Capital for Independence Title. Here are some key takeaways. Continue reading
“… the Central Texas region will continue to see strong housing demand from anticipated robust job growth. But he noted that ‘there are some headwinds with respect to buyer confidence that we haven’t faced in a while’….” Continue reading
Austin-area’s residential real estate market continues to expand even as much of the United States has slowed or stalled. The reason is that our expansion is driven by job creation and population growth — real demand. Continue reading
I continue to expect some flattening of the Austin-area market in 2019, but January and the first quarter will tell us whether December’s drop was just exaggerated holiday seasonality or a sign of more to come. Continue reading
Resistance to increasing prices correlates with increasing Days to Sell, but doesn’t indicate a sharp downturn for our market. Indeed, this is the way a healthy, properly-functioning market works. Continue reading
The Austin metropolitan area is on track to issue a record number of residential building permits in 2018, but the mix of housing types has changed dramatically over the past 30 years, and that has seriously implications for housing affordability and future growth. Continue reading
Not only do rising home prices in the city of Austin cause urban sprawl and exacerbate transportation/mobility issues throughout the region, but they are also contributing to an ongoing loss of students in Austin ISD. Continue reading
