Bill Morris Realtor

Austin, Texas and Washington, D.C. have a lot in common.  Both are beautiful cities built on rivers that feature prominently in their ambience.  They are also both capital cities, which has much to do with other aspects of the cities' character.  Both offer moderate climates and active cultural a...

In a couple of recent posts I discussed the market environment in various price ranges around the Austin/Central Texas area, and pointed out that some market segments here are clearly moving well regardless of the "typical" price range in the area, while others are moving VERY slowly.  (See Austi...

An article I found today on TexasRealEstate.com prompts me to revisit a topic that I mentioned a few days ago, and many times before: Prevent your house from languishing on the market The important quote from the article, and a frequent conversation in my business is, "Some homesellers think it’...

Reported by RISMedia over the Memorial Day weekend: Housing Affordability Rises to Record Levels As always, I was curious about how Texas and Austin stack up compared to other metropolitan areas and to the national average.  As a start, I went to the source data by MSA and charted the large citie...

Final data for April has been in for a few days so it is time for an update.  First, here is a snapshot of the Austin Metro residential market as of May 27, 2011: The important point here is the market absorption rate:  With sales of 1,682 properties in the past thirty days, today's listing inven...

A few days ago I wrote about the market environment in which condominiums sell in Downtown Austin.  That post focused primarily on market absorption rates for 1-, 2-, and 3-bedroom condos.  Today, I return to that discussion, but with the highlight on pricing -- or, more narrowly, on the value of...

Today's Austin American-Statesman included a very short article, an inset really, that was interesting: Downtown Austin condo sales update The focus was on five newer condo projects that were caught in the housing downturn with a glut of competitive highrises.  The short version is that something...

Yesterday I posted several articles to AustinMarketInfo.com, on of which included a link to an older piece that I reviewed today: Home Buying for the Long Haul Pays Off (Bloomberg BusinessWeek, January 2, 2010) That article included a list of "Biggest Metros With the Best Long-Term Real Estate," ...

Earlier this week a report by Zillow produced a flurry of "news" stories predicting a second housing crash.  Yesterday I posted Are home prices falling? to point out that even if prices have been falling in other places Austin residential real estate continues to outperform most other major U.S. ...

I have posted several comparisons of the S&P Case-Shiller Home Price Index to home price trends in the Austin/Central Texas market.  (Most recent comments: Housing Bubble? Austin compared to Case-Shiller cities, 01/30/11; How Does Texas stack up in the Case-Shiller report?, 02/23/11; and Case-Sh...