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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
Much has been said over the past couple of years about housing affordability in the Austin area, and rightfully so. This is not hopeless, however. There are ways to address this trend, by allowing the addition of much more, and more varied housing stock throughout the area. Continue reading
Following up on another post today about the market environment on and near Lake Travis, I want to comment quickly, that although lake-area homes are generally more expensive than the median home in the Austin metropolitan area, the market velocity issues discussed in that post are not price-driven. Here’s a look at Days to Sell … Continue reading
Following up on another post today about the market environment on and near Lake Travis, I want to comment quickly, that although lake-area homes are generally more expensive than the median home in the Austin metropolitan area, the market velocity issues discussed in that post are not price-driven. Here’s a look at Days to Sell … Continue reading
The Austin metro area has become a famous real estate market over the past couple of years — hot, hot, hot!!! Multiple offers and very quick sales are frustrating for prospective buyers, many of whom make offers for several homes before successfully getting one under contract. These market conditions can also be discouraging to would-be … 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
http://www.mystatesman.com/ap/ap/business/us-existing-home-sales-fall-32-pct-in-october/nbydZ/
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
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
Bill Morris on Austin Real Estate 