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
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
Interesting market views from Inman and the Austin American-Statesman … Continue reading
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
The Five Star Professional network provides monthly market data that is compiled to provide this Heat Index comparison of market conditions. Continue reading
… frequent press reports about the Federal Reserve Board raising interest rates can cause confusion among concerned mortgage borrowers who don’t understand that the Fed has no direct control in the mortgage market … Continue reading
Although the Austin area has been in drought for much of the past 10 years, if you have been around Austin for a while, you know that floods also feature prominently in our history. Continue reading
Ultimately, all market cycles turn, and this one will too, but job and population growth remain strong in the Austin area, supporting continuing strength in residential real estate. We might be seeing some resistance, though. Continue reading
