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
Interesting market views from Inman and the Austin American-Statesman … Continue reading
Ultimately, all market cycles turn, and this one will too, but job and population growth remain strong in the Austin area, supporting continuing strength in residential real estate. We might be seeing some resistance, though. Continue reading
Expect inventory constraints to remain with us in 2018, and for high demand to continue. Some geographic areas and price ranges will experience this differently, but it looks like another wild ride ahead this year. Continue reading
If all new Austinites purchased single family homes from 2006 to 2017, then we would have been more than 81,000 units under-supplied! 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
