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I have provided a number of updates on the Austin-area residential market over the past few months, but it has been longer than usual since I discussed the market dashboard that I have used for guidance for many years. Just to start, this long-term view is helpful to contrast today’s market environment across 35 years … Continue reading
I haven’t provided a comprehensive look at the Austin-area residential market since Timing and Pricing: Key Insights for Austin Home Sellers, but Jeff Osborne, broker/owner of Realty Capital City shared very important insights in a meeting yesterday that I want to share. For the big picture, this chart says a lot: The number of active … Continue reading
What an Economic Slowdown Could Mean for the Housing Market Talk about the economy is all over the news, and the odds of a recession are rising this year. That’s leaving a lot of people wondering what it means for the value of their home – and their buying power. Let’s take a look at … Continue reading
Looking forward to 2025 — a positive outlook, but with uncertainty. Continue reading
In the few days before Thanksgiving I several versions of this story, but the original was from the National Association of REALTORS®: Existing-Home Sales Grew 3.4% in October; First Year-Over-Year Gain Since July 2021 Here are some highlights: I have written more than once in recent months that our experience in the Austin-area market was … Continue reading
In Latest Data on Austin Residential Market Trends, I commented that home prices in our metropolitan area have been down in recent months and remain far below the peak we saw in 2022. In contrast, Yahoo!finance published this article this week: To the moon! Case-Shiller home price index hits another record high This paragraph summarizes: … Continue reading
Last summer I posted a look at the distribution of home sale prices in the Austin metropolitan area (Update: Austin home price distribution). That view of prices through the first half of 2023 showed how the imbalance of housing supply and demand drove prices higher in 2022, and that market forces were calming the environment … Continue reading
For several months I haven’t provided a comprehensive update of the market metrics I track in my dashboard. I won’t have refined data from the Real Estate Research Center at Texas A&M for the whole first half of 2024 for a few more weeks, but this quick look will be useful: In case you haven’t … Continue reading
From the Austin Board of REALTORS®, I am glad to share some key statistics to summarize our residential real estate market as of the end of 2023. First, here’s how the entire 12-month period compared to the previous year, and how December 2023 compared to the same month in 2022: Notice that in the year-to-date view … 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
Bill Morris on Austin Real Estate 