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After a frantic several months earlier this year, the Austin real estate market is searching for balance. We have gained a little inventory, and the market may pause periodically. We have a way to go, but take progress where you can find it in this environment. Continue reading
This market cycle is maturing, but we’re just watching the proper function of a market, and demand for Austin’s highly educated workforce and for the attractive lifestyle that Austin represents will continue to support growth for a while yet. Continue reading
Market economists remain confident in our strong market conditions through 2019 and into 2020, and I agree. Inevitably, however, we will see prices moderate, interest rates increase, “days on market” grow, and inventory begin to catch up with demand. Continue reading
The Five Star Professional network provides monthly market data that is compiled to provide this Heat Index comparison of market conditions. Continue reading
I commented in a couple of posts late last year that things seemed somewhat calmer in the residential real estate market than they had been earlier in 2017 and for the previous few years. I was uncertain whether we were seeing a genuinely slower market, or just a return to something like “normal” seasonality. With … Continue reading
We are likely to see more listing activity in the coming weeks and months but the key, as always, is local job creation and population growth. If those continue as they are now, then demand may continue to outpace supply. 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
Bill Morris on Austin Real Estate 