October 2018 Market Report

Only local this month. Lubbock MLS data showed 1377 “For Sale” listings at the end of October. This is up from 1298, YoY. In a hint as to market-size and velocity, the 3.7 Months of Inventory is exactly the same as October 2017. Not so on the Luxury space (>$400k),...

September 2018 Market Report

Permit me a few thoughts on matters well outside the local market – namely tariffs and trade with China. Macroeconomic theory holds that the equilibrium-price between trade partners can be found – and even be relatively stable – despite trade tariffs when the market...

August 2018 Market Report

We will combine national and local observations this month. First, the National Association of Home Builders runs a survey to judge their respondents’ confidence in general market condition. If the confidence scores is above 50, you may assume that there is a general...

July 2018 Market Report

It’s interesting how interconnected our economy is. We measure and watch one part of it hoping for clues as to other parts. Sometimes it feels like science (sometimes it feels like phrenology!) For example, if we posit that we are near “full employment” or have...

June 2018 Supplemental Market Report

A quick update on New Homes listed on Lubbock MLS. At the end of June local builders reported 225 new-construction homes listed. These included: 79 between $200k-300k 75 between $300k-400k 18 between $400k-500k 8 between $500k-600k 0 between $600k-700k 1 between...