by titleonetexas | Feb 19, 2019 | Uncategorized
Looking at MSL date for January 2019, we see confirmation that over-all 2018 was slightly weaker than 2017 – I think, driven in part by a supply constraint, and by some volatility on mortgage rates, changes in the tax code related to home-ownership, and affordability...
by titleonetexas | Jan 16, 2019 | Uncategorized
Looking Local as we close out 2018. MLS Data shows market-wide Months-of-Inventory at 3.6, and down to 7.5 in the Luxury space. This is consistent with 3.9 in the same period of 2017. December also gave us a fourth month of Average Sold Prices above $200k ($205k in...
by titleonetexas | Dec 16, 2018 | Uncategorized
National commentators are having discussions around affordability. While Professor Schiller focuses on housing prices and calls the current market a great boom, others point out that in real terms housing activity doesn’t match up. In other words, you can price your...
by titleonetexas | Nov 16, 2018 | Uncategorized
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),...
by titleonetexas | Oct 11, 2018 | Uncategorized
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...
by titleonetexas | Sep 19, 2018 | Uncategorized
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...
