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2022 was a transitional year in Austin-area residential real estate. The adjustment toward “normal” will likely continue for much of 2023, and will remain somewhat unpredictable. This look back at market details is important as we consider what to expect this year. Continue reading
Listing inventory has struggled to keep up with strong demand over this year in Austin. These are truly shocking market stats! Continue reading
July and August unit sales and annual price rises were astonishing! With limited housing supply, can it continue? 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
The Austin area added significant listing inventory in March, and new pending contracts will boost April sales. I remain optimistic about buyers and sellers reentering the market when they are confident about doing so without jeopardizing their health. Continue reading
This market cycle is maturing, but we’re just watching the proper function of a market, and demand for Austin’s highly educated workforce and for the attractive lifestyle that Austin represents will continue to support growth for a while yet. Continue reading
One reason for our continuing struggle with supply vs. demand is that Austinites and staying longer in their homes, and we’re not alone Continue reading
Demand for housing in the Austin area remains very strong and is forecasted to continue for another year or more. Homebuilders are catching up a bit. So far it’s not enough, though. Here are some key trends to watch. Continue reading
In “2017 Outlook” I provided links to several viewpoints on the Texas and Austin-area economy and housing market. As I mentioned at the end of that post, last week I attended a presentation by Mark Sprague (Director of Information Capital, Independence Title) to hear his projections. An important theme of the presentation was “disruptive change,” in … Continue reading
Market conditions vary widely among different segments of the downtown condo market, but overall it is over-inventoried and likely to stay that way. Continue reading
Bill Morris on Austin Real Estate 