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Austin

This tag is associated with 303 posts

Market moving toward “normal”?

Resistance to increasing prices correlates with increasing Days to Sell, but doesn’t indicate a sharp downturn for our market.  Indeed, this is the way a healthy, properly-functioning market works. Continue reading

Building Permits and Housing Mix

The Austin metropolitan area is on track to issue a record number of residential building permits in 2018, but the mix of housing types has changed dramatically over the past 30 years, and that has seriously implications for housing affordability and future growth. Continue reading

Affordability and Austin-area schools

Not only do rising home prices in the city of Austin cause urban sprawl and exacerbate transportation/mobility issues throughout the region, but they are also contributing to an ongoing loss of students in Austin ISD. Continue reading

Market Dashboard Update, 3Q 2018

Market economists remain confident in our strong market conditions through 2019 and into 2020, and I agree.  Inevitably, however, we will see prices moderate, interest rates increase, “days on market” grow, and inventory begin to catch up with demand. Continue reading

Related news …

Interesting market views from Inman and the Austin American-Statesman … Continue reading

Thoughts on this Market Cycle – Trends to Watch

I have written recently that we might be seeing some signs of movement in the direction of more normal market conditions. The latest local data seems to reinforce that opinion. Continue reading

Five Star Real Estate Heat Index – September 2018

The Five Star Professional network provides monthly market data that is compiled to provide this Heat Index comparison of market conditions. Continue reading

Austin Revising Floodplain Maps

Although the Austin area has been in drought for much of the past 10 years, if you have been around Austin for a while, you know that floods also feature prominently in our history. Continue reading

Market Dashboard – 1H 2018 in review

Monthly prices have been consistently exceeding (and lifting) the long-term trend for all of 2 1/2 years now.  If there is risk in our market that may be it, but if buyers begin to resist then sellers will adjust.  Our very long market boom has been and remains driven by job creation and resulting population growth, but a functioning market will balance itself over time.  Continue reading

Confirmation?

Jim Gaines, chief economist at the Real Estate Center at Texas A&M University, said the June sales dip is not an indication that the Austin-area housing market is cooling off. Continue reading