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I commented in a couple of posts late last year that things seemed somewhat calmer in the residential real estate market than they had been earlier in 2017 and for the previous few years. I was uncertain whether we were seeing a genuinely slower market, or just a return to something like “normal” seasonality. With … Continue reading
Williamson Central Appraisal District reports that the average increase in taxable value from 2017 to 2018 was 6%. Continue reading
We are likely to see more listing activity in the coming weeks and months but the key, as always, is local job creation and population growth. If those continue as they are now, then demand may continue to outpace supply. Continue reading
If you have followed my Market Dashboard and comments about supply-and-demand issues in the Austin area, you shouldn’t be surprised that tax values are up. Continue reading
I received this message a couple of days ago, and I want to thank all of my clients who have participated in the surveys that allowed me this privilege for 8 consecutive years … Continue reading
Every investor has his or her priorities, property management style, risk tolerance, and target market, and with experience comes to understand the financial trade-offs that may be required by a chosen strategy. Here’s one tool to help compare opportunities. Continue reading
Well, here we go again …. Mortgage interest rates (30-year fixed rate loans) have been very low for a very long time — mostly 5% or below since early 2009, and mostly 4% or lower since late 2011. There have rumors periodically during each of those years that rates were about to rise. We’re hearing … Continue reading
Here’s an updated look at the overall distribution of residential sale prices across the Austin metropolitan area. Continue reading
Expect inventory constraints to remain with us in 2018, and for high demand to continue. Some geographic areas and price ranges will experience this differently, but it looks like another wild ride ahead this year. Continue reading
Increased weighted building permits and housing starts accelerated the Texas Residential Construction Leading Index (RCLI) to its highest level since April, signaling improvements in residential construction activity through year end. Continue reading
Bill Morris on Austin Real Estate 