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Future market activity remains somewhat unpredictable, and much depends on the direction of the general economy and the nationwide real estate market. There is clear strength in the Austin/Central Texas market, though. Continue reading
The key “unknown” at this point is whether we have more volatility ahead. Locally and regionally, conditions remain good, but without a broader recovery in the national economy and housing sector, continued strong in-migration and the ability of those new Austinites to buy homes is more limited than it should be. Continue reading
Volatile. Unpredictable. Erratic. I have used all those adjectives to describe market conditions for Austin/Central Texas residential real estate over the past few months. They all apply, and 2011 will call for ongoing analysis and forecasting. New construction and newly issued building permits should give us a glimpse at the future, however. Continue reading
The February market snapshot shows mixed results, but important point of emphasis regarding the Austin/Central Texas residential real estate market remains remarkable strength in property values. Continue reading
I have written frequently over the past year or so about many analyses in which Austin ranked at or near the top in terms of economic strength. This Chamber report includes some details of growing employers that I have not seen summarized in one place previously.
The Austin Board Of Realtors® reported yesterday that “Sales of single-family homes in the Austin area were 14 percent higher in January 2011 than January 2010.” (See Austin Business Journal article.) Since that data differs from my Austin Market Dashboard update yesterday, I just want to point out …
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The theme in my Austin Market Dashboard this month is that the Austin/Central Texas real estate market remains unpredictable — although virtually all economic indicators and forecasts call for improvement in our local economy generally, and our real estate market specifically. Continue reading
When selling your home, accept the fact that some buyers just won’t make a strong first offer, but will negotiate reasonably. Others won’t budge. If you don’t respond, you’ll never know which is which. Continue reading
I decided to assemble a more complete comparison of home prices in the Austin area and in the Case-Shiller indices (10-city and 20-city composites). The result? Here’s what a housing bubble looks like. Continue reading
A couple of days ago I received some questions on one of my blogsites about my Austin Market Dashboard. It strikes me that others may have the same questions … Continue reading
Bill Morris on Austin Real Estate 