June 2021 Market Report

Lubbock MLS numbers for June 2021 reflected 1.1 Months of Inventory, boosted significantly by 2.2 Months of Inventory in newly constructed homes (tongue firmly in cheek on the “boosted significantly”). Both existing home sales and new home sales are far from the “6...

May 2021 Market Report

The second chart at this link is a both a bit dated (it’s from late April) and evergreen. I keep thinking about it. It follows a 20-year period (so don’t get too tied up in its implications on today’s inflation.) But compare the ratio of red-and-orange (houses under...

April 2021 Market Report

The latest NAR headline is “Virtually Every Metro Area Experienced Home Prices Rise in First Quarter of 2021”. The story is a mighty reflection on supply and demand. Almost every metro area tracked showed a YoY price increase, most with double-digit increases. TAMU’s...

March 2021 Market Report

Rather than more statistics, here’s an anecdote that hits the same themes we’ve discussed recently. I’m sitting in the bleachers at a little league game. The younger couple next to me is discussing their own efforts, and the efforts of their parents, to find houses in...

February 2021 Market Report

Odd times show up in odd ways. We are currently in a moment where podcasts are doing stories about people strapping on sandwich-board signs to try to find a house to buy. Meanwhile, builder sentiment shows early signs of decreasing and we (again) hit record highs for...