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Shelter in place orders may have distorted market activity in recent weeks, but I believe we were on our way to another very busy year in Austin-area real estate and we should be still. There is no reason for that not to be true. Continue reading
In the past, I haven’t shared the e-newsletter beyond my clients, but yesterday I provided them some updates that I believe deserve broader distribution. Continue reading
This is the third post in a series reviewing Austin-area home prices and summarizes the distribution of sales across specific price ranges. Continue reading
If you follow media reports about residential real estate in the Greater Austin area you know that we are still in a very “unusual” market environment. “Crazy,” some might say. 2019 was the seventh full year of significant imbalance between housing demand and housing supply. Compare this market cycle to others over the past thirty years. Continue reading
I recently attended an economic forecast presentation at a luncheon for the local chapter of the Residential Real Estate Council. Our speaker was Mark Sprague, Director of Information Capital for Independence Title and an analyst and prolific writer and speaker on all things real estate. I am pleased to offer some important insights about the Austin-area. Continue reading
As a result of the high demand for single-family housing, the Real Estate Center projects an increase in sales by 6.4 percent with a lift of 5.2 percent per square foot price. Austin will still lead the state in sales and price increases, expecting a 9.2 percent growth in sales and a 7.9 percent growth in price per square foot. Continue reading
I wrote a couple of posts yesterday on another site but thought I’d share them here as well: Supply and Demand: National Story And A Little Local Data Study: Homebuying Optimism Bounces Back Up It has been several weeks since I wrote about price trends and the changes in the number of homes for sale … Continue reading
One reason for our continuing struggle with supply vs. demand is that Austinites and staying longer in their homes, and we’re not alone Continue reading
Following up on discussions of increasing Days to Sell and resulting changes in regional home price appreciation … Continue reading
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
Bill Morris on Austin Real Estate 