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Here’s an updated look at the overall distribution of residential sale prices across the Austin metropolitan area. Continue reading
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
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
There are significant variations in pricing within each county where most of the metro population lives, but there are cities in each county where a below-$200,000 purchase is still realistic. Continue reading
Market-wide price changes are the result of changes in the distribution of prices across many price ranges. Here’s a look at how the price distribution for homes sold in the Austin metropolitan area have changed. Continue reading
The real world of our fast-paced real estate market in Austin makes this post a couple of weeks later than I planned, but following up on my recent summary of Angelou Economics view of our community, I want to add a quick look at the residential market specifically. If you have attention to local media … Continue reading
Assuming reasonably healthy economic conditions in the U.S. and internationally, mortgage rates will eventually rise. Sellers will continue to sell, and buyers will continue to buy, in virtually any interest rate environment, and rate changes will impact both. It is worth understanding and planning for, though. Continue reading
Bill Morris on Austin Real Estate 