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Expect inventory constraints to remain with us in 2018, and for high demand to continue. Some geographic areas and price ranges will experience this differently, but it looks like another wild ride ahead this year. Continue reading
If all new Austinites purchased single family homes from 2006 to 2017, then we would have been more than 81,000 units under-supplied! Continue reading
Calendar year 2017 was unusual — mostly for its similarity to the previous few years in limited residential real estate inventories. It was the fifth year in a row with housing supply at or below half of what most market economists consider “normal” or “balanced.” Austinites have come to understand “seller’s market” in a very … Continue reading
The most important feature of the current market cycle is that listing inventory has been at or below 3 months’ supply for virtually all of the past 5 years. This has been the longest-lasting “seller’s market” on record. 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
In 2017 Outlook I promised to provide more information about how much home prices can vary from one area to another around the Greater Austin area. I won’t get down to neighborhood-specific market activity in this post, but looking at the 5-county metropolitan area in pieces will paint a fairly complete picture. As a starting … Continue reading
Earlier this week I took a quick look back at real estate in 2016. (See 2016 in Review.) Today’s post is a compilation of some of the best thought available about what 2017 holds. First, let’s consider the larger Texas economy. This summary from the Federal Reserve Bank of Dallas is an important starting point: … 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
Austin is the second-best place to live in the U.S. … Continue reading
Next Tuesday evening or Wednesday, please visit Amplify Austin, choose the cause that’s important to you, and leverage your power to help others in the Austin area. It is the right thing to do. Continue reading
Bill Morris on Austin Real Estate 