Archives

Market News and Trends

This category contains 347 posts

What’s up (and down) with our real estate market?

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

Strong March performance … Next?

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

Preparing for recovery

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

Covid-19 Market Impact?

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

Covid-19 — New State-wide Order

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

Shelter in Place Orders in Central Texas

On Friday I posted a copy of my March client e-newsletter, discussing in general terms the “Stay Safe” orders in the City of Austin and Travis, Williamson, and Hays counties. The Austin Board of REALTORS® has provided this much more detailed comparison of all four: Comparison of Stay Home – Stay Safe Orders in Central … Continue reading

“May you live in interesting times” — Covid-19 and a brief market update

In the past, I haven’t shared the e-newsletter beyond my clients, but yesterday I provided them some updates that I believe deserve broader distribution. Continue reading

One last post on pricing (for now)

This is the third post in a series reviewing Austin-area home prices and summarizes the distribution of sales across specific price ranges. Continue reading

Market Dashboard – Year-end 2019

If you follow media reports about residential real estate in the Greater Austin area you know that we are still in a very “unusual” market environment. “Crazy,” some might say. 2019 was the seventh full year of significant imbalance between housing demand and housing supply. Compare this market cycle to others over the past thirty years. Continue reading

More on Austin-area home prices

We talk a lot about market-level home sales and prices. This post looks below that level at changes over the past 10 years in the Austin-area market by price range. These are important chanages. Continue reading