Tag Archives: Austin

Spring market falls short, but low inventory is driving up competition

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New listings were down 19 percent during the four-week period ending May 7, while pending home sales were down 16 percent, according to a new report from Redfin Continue reading →

The seller’s market is roaring back as buyers vie for limited inventory

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A “drought” of new listings is driving up prices, reversing the sluggishness of late 2022 and forcing buyers to compete fiercely for homes, according to a new analysis from Zillow. Continue reading →

$3B in volume: World-record holder Ben Caballero sets new one

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The Texas agent, who specializes in new construction and routinely tops industry lists, sold more than 6,000 homes last year, setting a new record. Continue reading →

Home sales are cooling — but the competition is red hot. What gives?

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New listings plunged 21.8 percent from a year ago, marking one of the most significant annual drops since the beginning of the pandemic, according to a new analysis of housing inventory by Redfin. Continue reading →

Will an inventory shortage stymie spring? Look to 1994 for clues

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This spring won’t be easy for homebuyers and their agents, but history is full of examples in which the supply of homes went down, but sales kept chugging along, according to an Inman analysis. Continue reading →

‘Great Reshuffling’ winds down as COVID hotspots and tech hubs cool

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Cities in the West that saw prices soar during the pandemic are now cooling while metros in the Northeast and Midwest are showing more resilience, according to a new analysis. Continue reading →

58 cities that had million-dollar homes in 2022 don’t anymore: Study

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The number of U.S. cities where the typical home value was $1 million or more has dropped from a high of 522 in July 2022 to 464 as of January 2023. Continue reading →

Housing inventory shoots up as homes sit longer on the market

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A new report from Realtor.com shows that homes were sitting on the market for an average of 67 days in February, up from just 44 last year at the same time. Continue reading →

Gary Keller on ChatGPT, iBuyers and companies that ‘rent’ their tech

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Keller headlined his company’s Family Reunion conference Sunday, saying that he doesn’t think flashy new artificial intelligence tools are on the verge of upending the real estate industry. Continue reading →

Fueled by new wealth, ‘ultra-luxury’ real estate tallies big year in 2022

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Sales of homes valued at $10 million or more in newly emerged or reemerging markets helped propel transactions in that sector beyond pre-pandemic levels in 2022 while falling short of 2021 levels. Continue reading →