Austin real estate in March continues to tell the tale of what happens to the housing market when supply and demand drastically become out of balance. According to a recent article from the National Association of Realtors, the market nationally needs about $2.7 million homes to level out. That’s not only a lot of homes but considering there is a lumber shortage, even new home production cannot adequately make up the deficit. Continue reading
Want to buy a house in Austin? The Austin real estate market is very fluid right now. It is data-informed and not as data-driven as I would like. A non-data-driven market is volatile when it comes to home values and hard to predict because much of it is based on how much cash someone has available and how much emotion is driving the decision. Continue reading
AUSTIN, Texas – Austin-Round Rock MSA home sales jumped 23.9% to 2,523 sales in January, according to the latest Central Texas Housing Market Report by the Austin Board of REALTORS® (ABoR).
Austin continues to turn heads with its newsworthy headlines showing the upward trend in prices and the continuous downward trend in inventory.