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The strength of the Central Texas real estate market continues …. Listing inventory is down, representing just a 4-month supply — solidly in seller’s market territory. The monthly unit sales pace is still about 20% lower than the peak of the market cycle in June 2006, but is almost 24% higher than the same month last year. Continue reading
Just a fun bit of recognition for those of us who love living in Austin: America’s 50 Best Cities — Best Places to Live
Mortgage rates across the U.S. are down again this week! Continue reading
Austin is our pick for Most Likely to Succeed because of its low-tax structure, key incentives and record for growth. Continue reading
The U.S., Texas, and Austin need the entire housing sector to regain its footing. Let’s hope that June 2012 is the beginning of a new period of healthy growth. Continue reading
From today’s electronic edition of the Austin American-Statesman: Housing market still a stabilizing force for Austin’s economy
It is a statistical fact that the average sale price in July 2012 was 24% higher than in January 2012, and the median sale price increased by 21% over the same several months. Those numbers need some clarification, though, lest my readers think we have entered a California-style housing bubble. Continue reading
It has been such a busy year in Austin real estate that I haven’t made time to write for months. An update on my Market Dashboard seems a fitting place to start. Continue reading
There is an obvious upward trend overall from 2008 through 2011, and the shape of this curve in 2011 looks very much like pre-bubble 2005. Year-to-date dollar volume in 2011 (January through September) is just 2% lower than the same period in 2005.
Continue reading
Austin’s “slow and steady” performance during the recession means that a dip compared to last year’s very unusual July price spike should not be surprising. The longer-term view remains encouraging. Continue reading
Bill Morris on Austin Real Estate 