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The pace and intensity of the residential real estate market skyrocketed in the first half of 2021, but has calmed a bit in recent months. Important details …. Continue reading
Some buyers are still waiting out the Covid-19 issue and/or are unwilling or unable to obtain mortgage financing right now, and the number of homes available remains at its lowest point since January 2001. How the regional economy reopens and confidence that Covid-19 is more controlled will affect buyer activity and real inventory growth. Continue reading
This is the third post in a series reviewing Austin-area home prices and summarizes the distribution of sales across specific price ranges. Continue reading
If you follow media reports about residential real estate in the Greater Austin area you know that we are still in a very “unusual” market environment. “Crazy,” some might say. 2019 was the seventh full year of significant imbalance between housing demand and housing supply. Compare this market cycle to others over the past thirty years. Continue reading
Following up on discussions of increasing Days to Sell and resulting changes in regional home price appreciation … Continue reading
A few days ago I posted a look at how the price distribution of homes sales in the Austin Metropolitan area have changed over the past several years. Now, I want to break that down by city within the region, focusing just on reported sale prices in 2018. 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
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
You’ve decided to look for a home — either your first one, or a move-up. You’ve got good employment history, solid rental and/or mortgage payment history, you have managed your credit, and you have been preapproved for a mortgage loan. Where should you focus your search? Continue reading
How much do homes really cost here? In the metro area, the highest average and median prices are in neighborhoods near the close-by south shore of Lake Travis, not in the city itself. At the other end of the market, there are six suburban cities with average and median home prices at or below $200,000. Continue reading
Bill Morris on Austin Real Estate 