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Last summer I posted a look at the distribution of home sale prices in the Austin metropolitan area (Update: Austin home price distribution). That view of prices through the first half of 2023 showed how the imbalance of housing supply and demand drove prices higher in 2022, and that market forces were calming the environment … Continue reading
For several months I haven’t provided a comprehensive update of the market metrics I track in my dashboard. I won’t have refined data from the Real Estate Research Center at Texas A&M for the whole first half of 2024 for a few more weeks, but this quick look will be useful: In case you haven’t … Continue reading
I have commented here and in other messages that the Austin-area residential market remains more unpredictable than we have experienced for much of this very long market cycle. In the coming days, I provided a complete update of my Market Dashboard with refined data from the Texas A&M Real Estate Research Center, but this post … Continue reading
From the Austin Board of REALTORS®, I am glad to share some key statistics to summarize our residential real estate market as of the end of 2023. First, here’s how the entire 12-month period compared to the previous year, and how December 2023 compared to the same month in 2022: Notice that in the year-to-date view … Continue reading
The State of Texas has issued new rules for working during the Covid-19 issue. Real estate services are correctly identified as being “essential.” Here are the rules and my general plans to proceed. Continue reading
If you follow media reports about residential real estate in the Greater Austin area you know that we are still in a very “unusual” market environment. “Crazy,” some might say. 2019 was the seventh full year of significant imbalance between housing demand and housing supply. Compare this market cycle to others over the past thirty years. Continue reading
In 2010 and 2011 the Case-Shiller cities experienced market weakness more dramatically than Austin did, and the Austin market maintained faster growth since the 2012 recovery than the Case-Shiller cities. Continue reading
The Real Estate HEAT (Housing Experts Anticipating Trends) Index
is a monthly leading indicator of nearly 40 housing markets in the
U.S. Five Star Professional partners with thousands of real estate agents who complete a weekly survey about the conditions they are observing in their marketplace. Continue reading
Since 2014 Days to Sell has trended upward and selling has required more price reductions. It isn’t a concern at this point, but worth being aware of. Continue reading
The real estate industry has been battling wire fraud over the past few years. Here’s what you need to know. Continue reading
