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Warren Buffet has made a lot of money by being right in his forecasts more often than he has been wrong. Bloomberg News reported yesterday on his recent report to Berkshire Hathaway shareholders. Continue reading
Austin and Central Texas remain in a very strong position, not only to weather the continuing national economic storm, but to attract new growth and jobs and investment even as the rest of the country works through a very difficult recovery. Continue reading
Are we really over the crest or just in a trough between waves? Continue reading
Even with sales soft, however, Austin area prices have held their own, and continued to increase slowly in some important market segments. Continue reading
Austin is still in a much better place than the states that saw the most serious declines in home values over the past couple of years. Here too, though, this problem will likely get worse before it gets better. Continue reading
I have seen other credible forecasts that when the Fed withdraws support, mortgage rates could increase 1% to 2% about current rates. These “power brokers” are more optimistic, and generally see the market stabilizing. Continue reading
NOW, we have tax incentives and very low interest rates and seasonally low home prices. LATER, tax incentives will expire (contracts after April 30) and interest rates and home prices are likely to increase. Continue reading
Austin’s real estate market remains a significant bright spot among many U.S. metro areas that continue to struggle. I trust this recap will be informative, and helpful as you consider the current market position of your Central Texas home, or your plans to purchase a home. Continue reading
We continue to add employers and employees, and to see investments in the future of our community. Our growth is undoubtedly constrained by the difficulty selling homes in other parts of the country, keeping people and companies from moving here that might otherwise choose to do so. Nonetheless, “cautious optimism” remains a good bet in the Austin area. Continue reading
It seems that I have been talking and blogging forever about the difference between the Austin/Central Texas experience during this recession and the way the recession has impacted other communities. Continue reading
Bill Morris on Austin Real Estate 