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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
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
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
I have heard recent comments from a few real estate agents that the market seems slower this year. I have “felt” something different in recent weeks myself, but I trust data so I decided to check on that from 30,000 feet … Continue reading
I commented in a couple of posts late last year that things seemed somewhat calmer in the residential real estate market than they had been earlier in 2017 and for the previous few years. I was uncertain whether we were seeing a genuinely slower market, or just a return to something like “normal” seasonality. With … Continue reading
We are likely to see more listing activity in the coming weeks and months but the key, as always, is local job creation and population growth. If those continue as they are now, then demand may continue to outpace supply. Continue reading
If you have followed my Market Dashboard and comments about supply-and-demand issues in the Austin area, you shouldn’t be surprised that tax values are up. Continue reading
I received this message a couple of days ago, and I want to thank all of my clients who have participated in the surveys that allowed me this privilege for 8 consecutive years … Continue reading
Every investor has his or her priorities, property management style, risk tolerance, and target market, and with experience comes to understand the financial trade-offs that may be required by a chosen strategy. Here’s one tool to help compare opportunities. Continue reading
Here’s an updated look at the overall distribution of residential sale prices across the Austin metropolitan area. Continue reading
Bill Morris on Austin Real Estate 