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Market News and Trends

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Market Dashboard Update

For several months I haven’t provided a comprehensive update of the market metrics I track in my dashboard. I won’t have refined data from the Real Estate Research Center at Texas A&M for the whole first half of 2024 for a few more weeks, but this quick look will be useful: In case you haven’t … Continue reading

Resale Market Changes — What a ride!

I have commented here and in other messages that the Austin-area residential market remains more unpredictable than we have experienced for much of this very long market cycle. In the coming days, I provided a complete update of my Market Dashboard with refined data from the Texas A&M Real Estate Research Center, but this post … Continue reading

For all those who served …

RISMedia on RE/MAX

I received this article this week, and I’m proud to share. The RE/MAX Competitive Edge I have been part of RE/MAX for more than 21 years, and I have always valued the professionalism that surrounds me, and the confidence that the RE/MAX brand brings to my client relationships. Here are some highpoints from the article: … Continue reading

Please help if you can

Central Texas Table of Grace is a 501(c)(3) non-profit organization that exists to provide emergency shelter services to the children and youth in the foster care system. Our mission is to create a loving, nurturing, homelike environment for displaced youth, providing shelter and healthy food as well as teaching healthy habits and life skills to … Continue reading

VOTE!

Today is the first day of early voting in Texas, leading to the 2024 primary elections on May 5. Primaries are especially important in Texas because they are so early compared to many other states. It’s time to make your voice heard. Texas REALTORS® is committed to advocating for a strong real estate industry, advancing … Continue reading

Market Dashboard — 2023

2023 was a challenging year for residential real estate, but the Austin-area market should see better conditions in 2024. Continue reading

2023 – Year-end roundup

From the Austin Board of REALTORS®, I am glad to share some key statistics to summarize our residential real estate market as of the end of 2023. First, here’s how the entire 12-month period compared to the previous year, and how December 2023 compared to the same month in 2022: Notice that in the year-to-date view … Continue reading

2023: A quick recap

I’ll provide a more through review of the Austin-area residential market later this month, but at this point I have isolated activity involving only resale properties — houses, condominiums, and townhouses — in our 5-county metro area. Here is one snapshot of the past 60 months, looking at sales prices and average time on the … Continue reading

Home sales outlook

In Mortgage interest rates forecast, I mentioned that forecasts for home sales and prices in the coming year are mixed. Economists can interpret the same data somewhat differently and draw their own conclusions, but an article today in REALTOR Magazine points out that different market areas may well see different results. The article begins: “After two years … Continue reading

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