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Even after unprecedented home price escalation in the first half of 2021, the situation for median income earners in the Austin area remain better than the national average. Continue reading
Local land use policies and zoning decisions can help to expand the types and prices of housing available. Here’s a look at some relevant history in the Austin area. Continue reading
We certainly have an affordability issue in Austin residential real estate, but in the aggregate we haven’t hit a tipping point. The need for “missing middle” housing options in the city of Austin is very real, and now is the time to start. Continue reading
If you live in Austin this won’t surprise you, but this article appeared today in RISMedia. It’s more than two years old but apparently is still in demand by readers, and in my estimation still accurate at least as far as Austin is concerned: 5 Cities Millennials are Flocking To The fact that this has … Continue reading
Earlier this year I wrote about the distribution of sales prices in Central Texas (Home Prices in Austin and More on Austin-area Home Prices). Since housing affordability is so often a topic of conversation these days, I want to offer some thoughts on that subject now. As a starting point, this chart shows the relative … Continue reading
The percentage of total unit sales in the $200,000 to $400,000 range grew from 46% in 2014 to 62% in 2018, and to 66% in the 1st quarter of 2019 because the availability of homes under $300,000 fell dramatically. Continue reading
Although the pace of price appreciation has slowed, it is still a very real part of our market environment and will likely continue for at least another year or two. As part of my look back at our real estate market, it’s worth seeing how home price distribution has changed in the Austin metro area over the past eight years: Continue reading
The Austin metropolitan area is on track to issue a record number of residential building permits in 2018, but the mix of housing types has changed dramatically over the past 30 years, and that has seriously implications for housing affordability and future growth. Continue reading
Not only do rising home prices in the city of Austin cause urban sprawl and exacerbate transportation/mobility issues throughout the region, but they are also contributing to an ongoing loss of students in Austin ISD. 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
Bill Morris on Austin Real Estate 