Record sales and low inventory are the story of the Austin-area residential market. Here are some important statistics from June 2020. Continue reading
My last post provided a lot of aggregate information about Austin-area real estate. This update adds details about pricing across the metropolitan area, by city and zip code. Continue reading
June home sales in the Austin metropolitan area posted a large gain — more than any month for more than a year. Quick sales and rising prices continue. Here are the details. Continue reading
Purchase prices of Austin properties have increased faster than lease rates, and investing now is more challenging. Housing demand in Central Texas remains very high, though, and is likely to remain so for quite some time. Continue reading
Happy Independence Day! Continue reading
Demand to live in the Austin area remains high, but home sales are limited by very low supply. Prices are rising faster again. Here are some details. Continue reading
Some buyers are still waiting out the Covid-19 issue and/or are unwilling or unable to obtain mortgage financing right now, and the number of homes available remains at its lowest point since January 2001. How the regional economy reopens and confidence that Covid-19 is more controlled will affect buyer activity and real inventory growth. Continue reading
The Austin area added significant listing inventory in March, and new pending contracts will boost April sales. I remain optimistic about buyers and sellers reentering the market when they are confident about doing so without jeopardizing their health. Continue reading
Shelter in place orders may have distorted market activity in recent weeks, but I believe we were on our way to another very busy year in Austin-area real estate and we should be still. There is no reason for that not to be true. Continue reading
The State of Texas has issued new rules for working during the Covid-19 issue. Real estate services are correctly identified as being “essential.” Here are the rules and my general plans to proceed. Continue reading
