ICON, the Austin-based construction tech company that literally "prints" homes from a giant robotic 3D printer, plans to build a dozen of its houses at Mueller. Prices are expected to range from the mid-$300,000s to $1.3 million. The one- to three-bedroom homes will range in size from 650 square feet to 2,400 square feet. Full article here: ICON plans to “print” a dozen of its houses at...
Here are the February/2025 MLS single-family statistics for Austin, TX: At first glance, it may look like February broke with our improving market trend in the past few months since there are so many red categories. However, Feb/2024 was one of only 2 months in all of 2024 that had 6 green categories (only 2 red ones) so it was clearly an aberration from the norm. For instance, Jan/2024 had...
Fewer jobs are being created. Fewer people are moving in. Mortgage rates remain stubbornly high. Home prices are still elevated relative to where they were. All those factors will combine with reducing demand for housing in the Austin region this year, real estate expert Eldon Rude told 700 industry professionals Feb. 18 at his 22nd annual housing market forecast. Full article...
“Worrying is like paying a debt you didn’t owe.” – Mark Twain The above quote ties into what I want to discuss with this post: Worry about the direction of our national and local home sales markets. There is no doubt we’ve been through the wringer the past few years starting with Covid 19 five years ago, followed by record-setting interest rate increases beginning 3 years ago and then...
Steady as she goes. That about sums up the 2025 outlook by real estate experts for the housing market in the Austin metro area, a five-county region stretching from Georgetown to San Marcos. Peering into their crystal balls, several leading experts who have tracked the ups and downs of the Central Texas real estate market for years, even decades, foresee stable conditions this year. Full article...
Here are the January/2025 MLS single-family statistics for Austin, TX: At first glance, it may appear that our January Austin home sales market gave up some ground when compared to the last 3 months of 2024 after it looked like we were gaining momentum. However, it is important to remember that we only compare the same month’s data when looking at past history. I posted the past...
They say that everything is bigger in Texas, but there’s an important exception that’s key to improving housing affordability in the state: new homes. Last year, Texas was the No. 1 state for permitted housing units, accounting for 15% of the national total, well above the state’s 9% share of the U.S. population. And, Realtor.com announced it is relocating its headquarters from California to Austin,...
Here are the December/2024 MLS single-family statistics for Austin, TX: While December ended 2024 with a slightly slower month than November, it still had some positives like being our 3rd month in a row of increasing home closed sales and our 2nd month in a row where home prices increased over their respective months the prior year. And, we were better than our 2024 monthly averages (see...
Below are the five-year averages for our Austin metro single family home sales between 2020 and 2024. For the first image, Number of Home Sales, I note the following: 2000 and 2001 were the Covid years which created aberrations in every statistic of our home sales that we will likely never see again in our lifetimes. Therefore, it is best that we confine our analysis to the past 3 years...
More capital will be injected into the commercial real estate market this year as pricing is expected to be favorable for investors, according to a new survey from CBRE. The Investor Intentions Survey showed that interest rate shifts will present challenges, but not enough to bother otherwise optimistic sentiments. This year, 70 percent of respondents plan to acquire more assets than a year ago and 75...
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