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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
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
Bill Morris on Austin Real Estate 