After more than a year of headlines talking about how home prices are going to crash, the latest data shows that price growth may be starting to pick back up again. And depending on whether you’re buying or selling, that shift means something different for you. Full article here: Home Price Growth Slowed Down. That May Be Changing. (512) 853-0110 or robert@AustinTxHomeSales.com If...
With the landmark 21st Century Road to Housing Act now law, local governments may finally rein in the red tape that is choking off the construction of new homes. The new law includes a $200 million "innovation fund," which would be a competitive grant program for local governments that can show they've taken steps to reform permitting, zoning, and other programs. Full article here: Why Red Tape...
San Antonio trailed behind Austin, No. 7 on the list with a 110.9% increase over five years. In 2023, San Antonio had 153,099 millennial homebuyers, while Austin had 176,981. RentCafe reported that more millennials are settling down in larger metros, like San Antonio and Austin, because there’s more diversity in job opportunities and access to “a variety of neighborhoods with different price...
If the first half of this year has left you feeling stuck, you're not the only one. Mortgage rates stayed higher than people wanted. Affordability remained tight. And uncertainty overseas added another layer of pressure nobody saw coming. That's why so many people are asking the same question: Will the second half of the year be any better for the housing market? Full article here: What To Expect...
During the Pandemic Housing Boom, housing demand surged rapidly amid ultra low interest rates, stimulus, and the remote work boom—which increased demand for space and unlocked “WFH arbitrage” as high earners were able to keep their income from a job in say, NYC or L.A., and buy in say Austin or Cape Coral-Fort Myers. Of course, the past few years have looked much different than the overheating of...
Housing affordability is showing signs of improvement lately, but costs still may be the biggest reason many buyers remain hesitant to get into the market. While sales fell last month, home prices soared. The median existing-home price hit an all-time high of $440,600 in June, NAR reports. Full article here: Existing-Home Sales Dip as Housing Wealth Remains at All-Time High (512) 853-0110...
Congress passed landmark housing affordability legislation advancing one of the most significant federal housing packages in nearly two decades. The final package combines nearly 50 individual housing proposals addressing housing supply, affordability, financing, zoning, workforce development, fair housing, property rehabilitation and other housing challenges. Full article here: Landmark Housing...
NAR’s current forecast calls for existing-home sales to rise 4% this year, with the median home price also climbing 4%. Mortgage rates are projected to average 6.5% in 2026. Yun added that housing wealth accumulation will continue in 2026, with the typical homeowner gaining approximately $16,000 in wealth this year. Full article here: NAR Chief Economist Lawrence Yun Says Home Sales Expected to...
Existing home sales rose to a five-month high in May as more first-time buyers stepped back into the market. The share of first-time buyer reached 35% in May, the highest since June 2020. Full article here: Existing Home Sales Increased in May (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...
If the housing market feels confusing right now, you’re not alone. Mortgage rates have risen. Home sales haven't picked up like expected. And many buyers and sellers are wondering when things are going to feel easier or be more affordable. The truth is: a lot changed over the first half of this year. Full article here: The Mid-Year Housing Market Update: Why Forecasts Changed in 2026 (512)...
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