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Strong and growing demand for housing in the Austin area has outpaced the ability to build or list enough homes to keep up. These market statistics paint a challenging picture. Continue reading
Buyers may begin to think that if a listing lasts too long there must be something wrong with the property. They may make a discounted offer or simply choose not to see it at all. Both options cost sellers real money. Continue reading
As long as growing employers and their employees want to move here and are willing to accept the challenges that come with fast growth, we may well have a couple more years ahead like the last couple. Buckle up! Continue reading
There is no sign now of the kind of disruption we saw in 2007-2008. We are simply being held back at this point by a shortage of housing available for sale. Continue reading
Although the pace of price appreciation has slowed, it is still a very real part of our market environment and will likely continue for at least another year or two. As part of my look back at our real estate market, it’s worth seeing how home price distribution has changed in the Austin metro area over the past eight years: Continue reading
2018 finished strong, and with low inventory conditions continuing 2019 looks like another fast-paced year in Austin-area real estate. I continue to believe we’ll see slower year-over-year price increases than in recent years, but I’ll keep you informed. Continue reading
“… the Central Texas region will continue to see strong housing demand from anticipated robust job growth. But he noted that ‘there are some headwinds with respect to buyer confidence that we haven’t faced in a while’….” Continue reading
I continue to expect some flattening of the Austin-area market in 2019, but January and the first quarter will tell us whether December’s drop was just exaggerated holiday seasonality or a sign of more to come. Continue reading
I have written recently that we might be seeing some signs of movement in the direction of more normal market conditions. The latest local data seems to reinforce that opinion. 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
Bill Morris on Austin Real Estate 