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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 nu...

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 who...

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 Recessio...

May 2020 Market Report

What effects about re-opening can we tease from the local data? A look at preliminary MLS data for May showed a 19.7% decline YoY in units for sale (935 vs. 1164), and a 27.8% YoY decrease in May sales (397 vs. 550). However! Homes placed under contract in May 2020 was ...

April 2020 Market Report

Very strange times. Anecdotal evidence is that, despite very low rates, mortgage applications for purchases or refis are contracting a bit in light of underwriting scrutiny of borrower income. Recent paychecks are a must.

March 2020 Market Report

We know this quarantine is tough. We are open and servicing our customers to the best of our ability, consistent with efforts to keep our staff safe. We have instituted several steps in this regard and encourage you to refer to

February 2020 Market Report

Since February 2020 now feels like years ago and miles away, I will keep it short. First, the Secretary of the Treasury gave 

January 2020 Market Report

Early year predictions: We will continue to experience an existing home inventory constriction through 2020.

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