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2023 was a challenging year for residential real estate, but the Austin-area market should see better conditions in 2024. Continue reading
From the Austin Board of REALTORS®, I am glad to share some key statistics to summarize our residential real estate market as of the end of 2023. First, here’s how the entire 12-month period compared to the previous year, and how December 2023 compared to the same month in 2022: Notice that in the year-to-date view … Continue reading
I’ll provide a more through review of the Austin-area residential market later this month, but at this point I have isolated activity involving only resale properties — houses, condominiums, and townhouses — in our 5-county metro area. Here is one snapshot of the past 60 months, looking at sales prices and average time on the … Continue reading
In Mortgage interest rates forecast, I mentioned that forecasts for home sales and prices in the coming year are mixed. Economists can interpret the same data somewhat differently and draw their own conclusions, but an article today in REALTOR Magazine points out that different market areas may well see different results. The article begins: “After two years … Continue reading
As published by HousingWire, the consensus of ecomists’ forecasts call for lower mortgage rates in the coming year: Before you pop a top, though, notice that the range of forecasted rates for the 4th quarter of 2024 is from just over 6% to a little more than 7%, still about twice what we got used … Continue reading
Are the Top 3 Housing Market Questions on Your Mind? When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of … Continue reading
2024 Housing Market Forecast [INFOGRAPHIC] Some Highlights
How VA Loans Can Help Make Homeownership Dreams Come True For more than 79 years, Veterans Affairs (VA) home loans have helped millions of veterans buy their own homes. If you or someone you care about has served in the military, it’s essential to learn about this program and its advantages. Here are some important things to … Continue reading
From Site Selection magazine: “Fresh from winning its 11th consecutive Governor’s Cup for total capital investment projects earlier this year, Texas is finishing 2023 with top billing in Site Selection’s annual ranking of state business climates…. Texas has always performed well in the business climate ranking, routinely finishing in the top five — it placed … Continue reading
Don’t Believe Everything You Read About Home Prices According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months. But why do roughly 1 in 4 people feel that way? It has a lot to do with all the negative talk about home prices over the … Continue reading
Bill Morris on Austin Real Estate 