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And another expert …

Last week I attended a great presentation by Mark Sprague, Director of Information Capital for Independence Title.  Here are some key takeaways. Continue reading

Another expert agrees

“… 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

Yes, Austin is different …

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

Is Austin different?

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

Market moving toward “normal”?

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

Building Permits and Housing Mix

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

Affordability and Austin-area schools

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

Market Dashboard Update, 3Q 2018

Market economists remain confident in our strong market conditions through 2019 and into 2020, and I agree.  Inevitably, however, we will see prices moderate, interest rates increase, “days on market” grow, and inventory begin to catch up with demand. Continue reading

Related news …

Interesting market views from Inman and the Austin American-Statesman … Continue reading

Thoughts on this Market Cycle – Trends to Watch

I have written recently that we might be seeing some signs of movement in the direction of more normal market conditions. The latest local data seems to reinforce that opinion. Continue reading