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Central Texas

This tag is associated with 223 posts

Austin Market Price Distribution

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

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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

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

Leverage your support of local needs

Next Tuesday evening or Wednesday, please visit Amplify Austin, choose the cause that’s important to you, and leverage your power to help others in the Austin area. It is the right thing to do. Continue reading

So how much does housing cost in Austin? (Part 2)

There are significant variations in pricing within each county where most of the metro population lives, but there are cities in each county where a below-$200,000 purchase is still realistic. Continue reading

So how much does housing cost in Austin? (Part 1)

Market-wide price changes are the result of changes in the distribution of prices across many price ranges. Here’s a look at how the price distribution for homes sold in the Austin metropolitan area have changed. Continue reading

2015 Market Summary

The real world of our fast-paced real estate market in Austin makes this post a couple of weeks later than I planned, but following up on my recent summary of Angelou Economics view of our community, I want to add a quick look at the residential market specifically. If you have attention to local media … Continue reading

More about interest rates — what can you buy?

Assuming reasonably healthy economic conditions in the U.S. and internationally, mortgage rates will eventually rise. Sellers will continue to sell, and buyers will continue to buy, in virtually any interest rate environment, and rate changes will impact both. It is worth understanding and planning for, though. Continue reading

Affordability Pressures in Austin

Much has been said over the past couple of years about housing affordability in the Austin area, and rightfully so. This is not hopeless, however. There are ways to address this trend, by allowing the addition of much more, and more varied housing stock throughout the area. Continue reading

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