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On my business website (CentralTexasHomeSearch.com) I just posted this: Austin and Tech Job Growth In the chart below you’ll see that the Austin metropolitan area, among the top 10 growth metros in this arena, ranked 5th in percentage growth of CEM jobs from 2010 through 2023, but notice also that Austin ranked 1st in total job … 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
I have commented here and in other messages that the Austin-area residential market remains more unpredictable than we have experienced for much of this very long market cycle. In the coming days, I provided a complete update of my Market Dashboard with refined data from the Texas A&M Real Estate Research Center, but this post … Continue reading
In March-April 2022 the Austin residential market saw a transition toward somewhat higher inventories and more balanced supply and demand. Continue reading
The Two Big Issues the Housing Market’s Facing Right Now The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” … Continue reading
Much of 2022 was a market in transition, and that will continue into 2023. Listing inventory remains higher than most of the past five years, but the outlook for the Austin market remains optimistic. Continue reading
We continue to sell more homes than we list, but despite that unit sales were up in February year-over-year, and price growth remains high. Continue reading
We have seen slightly calmer market conditions over the past couple of months, but the Austin-area market remains seriously under-inventoried. That issue isn’t over yet. Continue reading
For the first time in months, we saw the gap between sales and listings close in July. We gained meaningful housing inventory for the first time in months. The crazy market isn’t done yet, but there are signs of progress. Continue reading
Market cycles do happen, and there are some signs of calm now. In the Austin area we are unlikely to see “normal” conditions soon, but I believe we will see progress. Continue reading
Bill Morris on Austin Real Estate 