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Home sales weaken as buyers back off

Increased inventory and declining prices were not enough to seal the deal for some prospective homebuyers in September. Sales of both new and existing homes were down from August's rather lackluster performance. Although demand remains high, concerns about rising mortgage...

source: By Michael J. Berens
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he average price of a home in San Antonio has skyrocketed in the last year. According to market data from the San Antonio Board of Realtors, the average price of a home is now $353,662 — a 19% increase from August 2020. Despite...

source: KSAT-TV

Even in the hottest U.S. housing market in more than a decade, new home construction has turned into a frustratingly uncertain and costly proposition for many home builders. Rising costs and shortages of building materials and labor are rippling across the home building...

source: El Paso Inc.

The average time to build a standard 2,000 square foot home takes five to six months, but local companies are saying its taking two to three months longer now to finish building homes. Factors contributing to this are shipping delays,...

source: KFDA-TV

Finally, some good news for the Austin area’s housing market: It’s calming down. In August, home sales declined nearly 5 percent compared with the same time last year, according to the Austin Board of Realtors. And home...

source: CultureMap Austin

These micro homes will offer pared-down living spaces but a lot of community amenities. Click through to learn about the strategy of homegrown startup Casata, as well as the other companies involved.

source: Austin Business Journal

U.S. home construction rebounded a better-than-expected 3.9% in August with the strength coming in apartment construction. The August increase left home construction at a seasonally adjusted annual rate of 1.62 million units, 17.4% above the pace of a year ago, the Commerce...

source: The Associated Press via ABC News


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