Ultimately, all market cycles turn, and this one will too, but job and population growth remain strong in the Austin area, supporting continuing strength in residential real estate. We might be seeing some resistance, though. Continue reading
In “2017 Outlook” I provided links to several viewpoints on the Texas and Austin-area economy and housing market. As I mentioned at the end of that post, last week I attended a presentation by Mark Sprague (Director of Information Capital, Independence Title) to hear his projections. An important theme of the presentation was “disruptive change,” in … Continue reading
In What About Downtown? I used recent sales prices on a per-square-foot basis to compare the downtown Austin area to other parts of the metropolitan area, and the contrasts are striking. Price per SF can be an interesting yardstick for large comparisons, and I am asked about it frequently, but it is not a good … Continue reading
In 2016 in Review and Price Variation Around Austin I discussed sales of Single Family Homes (houses) in many areas of the Austin metro area. I did not mention Downtown Austin in those posts because that are very few houses in the area. I’ll fill in that blank here. Between July 1, 2016 and December … Continue reading
The length of time since my last post, and the lateness of this one, are signs that the Austin-area residential real estate market remains VERY busy in 2017. We remain in a jobs- and population-driven boom, with demand for housing outpacing supply in many areas and market segments. As a metro area, we have had … Continue reading
