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The percentage of total unit sales in the $200,000 to $400,000 range grew from 46% in 2014 to 62% in 2018, and to 66% in the 1st quarter of 2019 because the availability of homes under $300,000 fell dramatically. Continue reading
There is no sign now of the kind of disruption we saw in 2007-2008. We are simply being held back at this point by a shortage of housing available for sale. Continue reading
My About Me page mentions my selection as a Five Star Real Estate Professional and recognized in Texas Monthly magazine each year since 2011. In connection with that award I am also proud to have been featured for two years in Forbes in 2018 and 2019: Real Estate Market Leaders I am especially proud that … Continue reading
A few days ago I posted a look at how the price distribution of homes sales in the Austin Metropolitan area have changed over the past several years. Now, I want to break that down by city within the region, focusing just on reported sale prices in 2018. Continue reading
Although the pace of price appreciation has slowed, it is still a very real part of our market environment and will likely continue for at least another year or two. As part of my look back at our real estate market, it’s worth seeing how home price distribution has changed in the Austin metro area over the past eight years: Continue reading
I received an update from the Real Estate Center at Texas A&M University this morning and just want to pass it on. Here are some highlights: “The U.S. and Texas economies will continue to expand in 2019 but at noticeably decelerated rates.” Texas employment growth should continue at almost twice the pace of U.S employment … Continue reading
2018 finished strong, and with low inventory conditions continuing 2019 looks like another fast-paced year in Austin-area real estate. I continue to believe we’ll see slower year-over-year price increases than in recent years, but I’ll keep you informed. Continue reading
Last week I attended a great presentation by Mark Sprague, Director of Information Capital for Independence Title. Here are some key takeaways. Continue reading
“… 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
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
