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As long as growing employers and their employees want to move here and are willing to accept the challenges that come with fast growth, we may well have a couple more years ahead like the last couple. Buckle up! Continue reading
The percentage of total unit sales in the $200,000 to $400,000 range grew from 46% in 2014 to 62% in 2018, and to 66% in the 1st quarter of 2019 because the availability of homes under $300,000 fell dramatically. Continue reading
There is no sign now of the kind of disruption we saw in 2007-2008. We are simply being held back at this point by a shortage of housing available for sale. Continue reading
A few days ago I posted a look at how the price distribution of homes sales in the Austin Metropolitan area have changed over the past several years. Now, I want to break that down by city within the region, focusing just on reported sale prices in 2018. Continue reading
Although the pace of price appreciation has slowed, it is still a very real part of our market environment and will likely continue for at least another year or two. As part of my look back at our real estate market, it’s worth seeing how home price distribution has changed in the Austin metro area over the past eight years: Continue reading
2018 finished strong, and with low inventory conditions continuing 2019 looks like another fast-paced year in Austin-area real estate. I continue to believe we’ll see slower year-over-year price increases than in recent years, but I’ll keep you informed. Continue reading
Last week I attended a great presentation by Mark Sprague, Director of Information Capital for Independence Title. Here are some key takeaways. Continue reading
“… the Central Texas region will continue to see strong housing demand from anticipated robust job growth. But he noted that ‘there are some headwinds with respect to buyer confidence that we haven’t faced in a while’….” Continue reading
Austin-area’s residential real estate market continues to expand even as much of the United States has slowed or stalled. The reason is that our expansion is driven by job creation and population growth — real demand. Continue reading
I continue to expect some flattening of the Austin-area market in 2019, but January and the first quarter will tell us whether December’s drop was just exaggerated holiday seasonality or a sign of more to come. Continue reading
Bill Morris on Austin Real Estate 