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Market News and Trends

This category contains 273 posts

Interest Rates Rise

Well, here we go again …. Mortgage interest rates (30-year fixed rate loans) have been very low for a very long time  — mostly 5% or below since early 2009, and mostly 4% or lower since late 2011.  There have rumors periodically during each of those years that rates were about to rise.  We’re hearing … Continue reading

Austin Market Price Distribution

Here’s an updated look at the overall distribution of residential sale prices across the Austin metropolitan area.  Continue reading

Market Dashboard – 2017 recap

Expect inventory constraints to remain with us in 2018, and for high demand to continue.  Some geographic areas and price ranges will experience this differently, but it looks like another wild ride ahead this year. Continue reading

Outlook for the Texas Economy

Increased weighted building permits and housing starts accelerated the Texas Residential Construction Leading Index (RCLI) to its highest level since April, signaling improvements in residential construction activity through year end. Continue reading

Housing supply in Austin?

Calendar year 2017 was unusual — mostly for its similarity to the previous few years in limited residential real estate inventories.  It was the fifth year in a row with housing supply at or below half of what most market economists consider “normal” or “balanced.”  Austinites have come to understand “seller’s market” in a very … Continue reading

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

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

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