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It is still possible to buy less expensive homes, but with the rapid growth in population and employment, it is more difficult and competitive, and most often in the suburbs. Still, through September 2014 more than 1/3 of all homes sold in the metro area were priced under $200,000. Continue reading
Actually, we’ve had much more than three calendar quarters of HOT market conditions in Central Texas, but I really want to comment on January – September 2014 here. Since it has been a long time since I made time to write, though, I’ll remind readers that are new to my market dashboard, that the Greater … Continue reading
By all appearances and forecasts, 2014 promises to be another very busy year in Austin-area real estate. Real-world pricing data does not indicate a new bubble here, though, and healthier regional economies elsewhere around the country will be good news for all of us. Continue reading
No cooling off for Austin’s apartment market.
For most purposes, growth and prosperity are good news, but demand outpacing supply makes keeping the least expensive stock available a real challenge. Continue reading
Austin musicians have influenced the industry for years … Continue reading
… this week’s weather did almost nothing to help the water supply for most of Austin and Travis County. Continue reading
Low inventory will keep things challenging for home buyers, but not as frustrating and frantic as our market was in the Spring and Summer of 2013. Going into next year’s traditional selling season, builders will help more with supply, but demand will remain very strong as well. Continue reading
Two recent reports discussed encouraging news about rising home values in the United States. The Austin area has seen 23 months of annual price gains. More …. Continue reading
Like the rest of the Austin metro area, we will remain a fast-moving, under-inventoried housing market for at least the remainder of 2013, and probably for much of 2014. The flurry of activity in April 2013 may turn out to have been just that, however, a flurry. Nonetheless, I expect BV/S to remain a strong seller’s market for many months to come. Continue reading
