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Nationally, and in the Austin area, home sales and price growth have slowed in recent months. Here’s what experts predict for 2023. Continue reading
Purchase prices of Austin properties have increased faster than lease rates, and investing now is more challenging. Housing demand in Central Texas remains very high, though, and is likely to remain so for quite some time. 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
Demand is not the problem. We have a lot of new jobs being created and steady population growth. We simply don’t have enough homes to meet the demand, and the perceived price vs. value equation for many buyers got out of hand as a result. 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
A few days ago I posted a look at how the price distribution of homes sales in the Austin Metropolitan area have changed over the past several years. Now, I want to break that down by city within the region, focusing just on reported sale prices in 2018. 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
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
Resistance to increasing prices correlates with increasing Days to Sell, but doesn’t indicate a sharp downturn for our market. Indeed, this is the way a healthy, properly-functioning market works. Continue reading
Bill Morris on Austin Real Estate 