Blog

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...

January 2021 Market Report

On several fronts, the housing market has been unusual through 2020. We’ve discussed Months-of-Inventory, which remain very low, and building permits. We’ve discussed the effect of historically low interest rates for home mortgages. Look at the daily legal filings and...

December 2020 Market Report

I talk a lot about inventory, Months-of-Inventory, and the like, but it is historically low. There are explanations for this, but the bottom line (literally) is what it means for prices. Depending on the data source, the details vary, but the consensus is that prices...

November 2020 Market Report

Looking at November 2020 MLS reports, we see a continuing seasonal trend of lower inventory and sales. We also see a continuation of the non-seasonal, 2020-special overall reduction of inventory. Ending in November, we sat at 732 units of inventory (versus 778 in...

October 2020 Market Report

It’s not too early to wish 2020 was over, is it? Let’s stay away from the news and look at a projection for next year. Nationally, we are on pace for 820,000 new-home sales in 2020, and total housing starts around 1.36m. This post amalgamates some 2021 projections....

September 2020 Market Snapshot

We all know the real estate maxim of Location, Location, Location. The wider economic corollary may well be Supply, Supply, Supply (or Demand, Demand, Demand – depending on the date.) The national trend is a Months-Supply-of-Inventory pegged well below the balanced...

August 2020 Market Snapshot

The demand for housing in Texas continues to be evident. The Texas Association of Realtors recently published their annual Texas Homebuyers and Sellers Report (story here, report here). One nice part of the reporting is the contrast between Texas and the nation as a...

July 2020 Market Report

The National Association of Home Builders reported that new home sales in July “posted the strongest seasonally adjusted annual rate since the end of 2006.” That pretty wells sums up sentiment we are seeing as well. (Does it scare you that 2006 is pre-Great...