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I write frequently about market conditions and changes over almost 35 years in my Market Dashboard, but Jeff Osborne, Broker/Owner of RE/MAX Capital City presented some charts in a recent company meeting that I think capsulize our experience over the past 10 years. The charts I include in this post are built on MLS data, … Continue reading
In Latest Data on Austin Residential Market Trends, I commented that home prices in our metropolitan area have been down in recent months and remain far below the peak we saw in 2022. In contrast, Yahoo!finance published this article this week: To the moon! Case-Shiller home price index hits another record high This paragraph summarizes: … Continue reading
A few weeks ago (Monthly Price Update), I provided an update on the Austin-area residential market, with data complete through July. Now, August data is available from the Texas Real Estate Research Center, and I have updated my market dashboard: Data through July showed that median and average prices were down on an annualized basis … Continue reading
Last summer I posted a look at the distribution of home sale prices in the Austin metropolitan area (Update: Austin home price distribution). That view of prices through the first half of 2023 showed how the imbalance of housing supply and demand drove prices higher in 2022, and that market forces were calming the environment … Continue reading
2023 was a challenging year for residential real estate, but the Austin-area market should see better conditions in 2024. Continue reading
By Mark Sprague, Independence Title, State Director of Information Capital A question Realtors, economists, real estate analysts, and more have been getting for the past 18+ months: Has the residential real estate market changed? For the better or worse? Contrary to owners/investors’ fears, the so-called “strong housing bubble” of the last 3+/- years has not burst (“bubble” in … Continue reading
Home sales are down across most of the Austin metro but our region is still very much in demand for starting and growing businesses. Building high quality housing inventory is the path to growth. Continue reading
This is a market in search of stability, and there have been (and will be) ups and downs. This unpredictable environment is not resolved yet, there are good signs for the future. Continue reading
The Austin metro housing market has been through dramatic change over the past 2 1/2 years. Look at this contrast with the rest of the market cycle. Continue reading
The Austin metro area’s residential market has been in transition since early in 2021, but even after months of declining prices, most homeowners still have high equity. Continue reading
Bill Morris on Austin Real Estate 