You may have seen online that new home inventory is at its highest level since the crash. And if you lived through the crash back in 2008, seeing new construction is up again may feel a little scary. But here’s what you need to remember: a lot of what you see online is designed to get clicks. Full article here: What Everyone’s Getting Wrong About the Rise in New Home Inventory (512)...
Texas cities dominated a ranking of the best real estate markets in the country, according to a recent WalletHub study — and Austin made the top 20. Full article here: 5 Texas cities dominate housing markets (512) 853-0110 or robert@AustinTxHomeSales.com If you are unable to open the link/article above, please let me know so I can get it to you another...
As the global economy evolves, certain cities in the United States are experiencing rapid population growth, which is contributing to a rise in home values. This trend is driven by factors such as job opportunities, quality of life, and a thriving local economy. Here are 12 cities where population growth is expected to significantly impact the housing market, making them prime spots for homebuyers and...
Here are the August/2025 MLS single-family statistics for Austin, TX: August ended our traditional annual home selling season with some positive numbers. For instance: While still up over last year, listings had its 2nd best number of this year and the first under 20% since January. Pending listings continued the positive trend of 4 months in a row after registering the 1st 4 months of this...
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...
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