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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
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
The severe shortage of homes for sale is not just a Central Texas issue … it affects the entire U.S. Here’s why. Continue reading
Sales soar, supply sinks, and prices rise. That’s been true for almost 8 years in Austin, but not like this year! 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
Big challenges require big solutions, but I believe we can get this done. Continue reading
A few weeks ago I promised to update my market dashboard through June. I’ll add some comments later about the dashboard and about what how our market behaved January-June 2019. To start, here are the primary metrics I have watched for many years: The first chart isn’t as complicated as it looks. The orange line … Continue reading
Bill Morris on Austin Real Estate 