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Market News and Trends

This category contains 268 posts

Market Dashboard – Austin area update

The most important feature of the current market cycle is that listing inventory has been at or below 3 months’ supply for virtually all of the past 5 years. This has been the longest-lasting “seller’s market” on record. Continue reading

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What’s Up with Austin Home Prices?

It’s no surprise that home prices have been going up in the Austin area, especially during the past 5 years.  It’s also no surprise that the trend is more pronounced the closer you get to Central Austin, but average prices tell more of the story than the median. Continue reading

More on the Outlook for 2017

In “2017 Outlook” I provided links to several viewpoints on the Texas and Austin-area economy and housing market.  As I mentioned at the end of that post, last week I attended a presentation by Mark Sprague (Director of Information Capital, Independence Title) to hear his projections. An important theme of the presentation was “disruptive change,” in … Continue reading

Interest rates going up?

Mortgage interest rates have been very, very low for most of 10 years now.  Rumors have come and gone many times that rates would increase soon, raising concerns among prospective home buyers, and sometimes spurring short flurries of purchases.  With news this week that the Federal Reserve has raised the “Fed Funds Rate,” we’ve already seen … Continue reading

Price per SF — a caveat

In What About Downtown? I used recent sales prices on a per-square-foot basis to compare the downtown Austin area to other parts of the metropolitan area, and the contrasts are striking.  Price per SF can be an interesting yardstick for large comparisons, and I am asked about it frequently, but it is not a good … Continue reading

What About Downtown?

In 2016 in Review and Price Variation Around Austin I discussed sales of Single Family Homes (houses) in many areas of the Austin metro area.  I did not mention Downtown Austin in those posts because that are very few houses in the area.  I’ll fill in that blank here. Between July 1, 2016 and December … Continue reading

Price Variation Around Austin

In 2017 Outlook I promised to provide more information about how much home prices can vary from one area to another around the Greater Austin area.  I won’t get down to neighborhood-specific market activity in this post, but looking at the 5-county metropolitan area in pieces will paint a fairly complete picture. As a starting … Continue reading

2017 Outlook

Earlier this week I took a quick look back at real estate in 2016.  (See 2016 in Review.)  Today’s post is a compilation of some of the best thought available about what 2017 holds. First, let’s consider the larger Texas economy.  This summary from the Federal Reserve Bank of Dallas is an important starting point: … Continue reading

2016 in Review

The length of time since my last post, and the lateness of this one, are signs that the Austin-area residential real estate market remains VERY busy in 2017.  We remain in a jobs- and population-driven boom, with demand for housing outpacing supply in many areas and market segments. As a metro area, we have had … Continue reading

Affordability in Austin’s “urban core”

More affordable housing in Austin’s urban core can positively impacted by increasing the supply and variety of housing stock in the city. Continue reading