Now that the market is slowing down, homeowners who haven’t sold at the price they were hoping for are increasingly pulling their homes off the market. According to the latest data from Realtor.com, the number of homeowners taking their homes off the market is up 38% since the start of this year and 48% since the same time last June. But while slowdowns can be painful in the moment, history tells us...
As I mentioned to you previously, I’m sending you these 5-year charts for home sales, average sales price and home inventory for our Austin metro, 5-county region to help you graphically see what has been happening in our market. Here are my comments: For all 3 graphs, keep in mind that 2021 was the last and only full calendar year of our red-hot, record-setting 48 month-long market that was...
American housing market is facing a persistent shortage. Home prices have reached historic highs and affordability has declined. Normally, in response to higher prices, housing supply would increase. However, new home construction has not kept pace with population growth and household formation, especially following the surge of demand in the wake of the pandemic. Full article here: America’s...
Here are the July/2025 MLS single-family statistics for the Austin, TX metro area: July presented us with some interesting data when comparing it to the rest of this year and Pendings stood out with a solid green 10% improvement over last July. Pending listings (homes for sale that are under contract but haven’t closed yet) represent a future-looking market. Couple that with our best...
Typically, new homes carry a price premium over existing homes. From 2010 to 2019, this pattern held steady, with an average difference of $66,000. However, over the past five years, the gap has narrowed significantly, averaging just $24,800. Notably, this trend reversed in 2024. In both the second and third quarters, the median price of existing homes surpassed that of new homes. Full article...
Foreclosure headlines are making noise again – and they’re designed to stir up fear to get you to read them. But what the data shows is actually happening in the market tells a very different story than what you might be led to believe. So, before you jump to conclusions, it’s important to look at the full picture. Full article here: The U.S. Foreclosure Map You Need To See (512) 853-0110...
If you’ve been watching the market, you’ve likely noticed a few changes already this year. But what’s next? From home prices to mortgage rates, here’s what the latest expert forecasts suggest for the rest of 2025 – and what these shifts could mean for you. Full article here: Housing Market Forecasts for the Rest of 2025 (512) 853-0110 or robert@AustinTxHomeSales.com If you are...
This has been one of the most unusual real estate markets I’ve seen in my 19 years in real estate. While inventory has gone up, prices haven’t dropped much, if at all in some areas; interest rates remain elevated, yet home buyers continue to purchase homes; our typically strong spring has been spread more evenly across the spring and summer months…all of these belie the norms. The following...
There are plenty of headlines these days calling for a housing market crash. But the truth is, they’re not telling the full story. Here’s what’s actually happening, and what the experts project for home prices over the next 5 years. And spoiler alert – it’s not a crash. Full article here: The Truth About Where Home Prices Are Heading (512) 853-0110...
The sweeping tax reform signed into law on July 4 by President Donald Trump, includes significant wins for the real estate professionals, consumers and the economy. In many cases, the National Association of REALTORS® has been working for years on legislative priorities included in the final package. These provisions form the backbone of the real estate economy—from supporting first-time and...
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