Housing Summit Delivers ATX Market Outlook

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I attended the 2022 Central Texas Housing Summit earlier this week and had the pleasure of listening to George Ratiu, Senior Economist & Manager of Economic Research, realtor.com® provide his outlook on the real estate market and how we’ll transition for the rest of 2022. Here are some takeaways…


There is a massive national housing shortage – 5.8 Million units short of current demand. During the pandemic, home prices shot up over 30% and supply chain issues compounded a shortage of homes. This, on top of decades of underbuilding and antiquated developmental codes, has led to soaring prices and a huge deficit of homes in the US. NPR Article  Bloomberg Article NY Times Article


Next to labor, real estate is one of the largest line items for today’s companies. While they want employees to return to the office in some fashion, it’s very likely there will be a hybrid model for most. This trend means employees can live farther from work since they are commuting less frequently.  It also means home buyers need more room.


The June numbers are in and with just two months of inventory, Austin continues to be in a sellers’ market, but things are certainly transitioning toward something more balanced. This is RATIONAL BEHAVIOR as we trend towards more inventory, slowing appreciation and longer days on market. The market is still seeing healthy demand, especially in Austin!


Economists watch two figures as they make projections about housing markets, 1. population and 2. job creation. The Millennials are all grown up! In fact, 46 Million Americans will turn age 35 each year for next 10 years! Millennials understand that real estate is a powerful wealth building tool. They are the real estate demand (i.e. buyers) for the next decade.

Everyone is watching rates…especially because rates ticked up just as real estate prices reached their peak. The combination has a direct impact on buying power, especially for those at the entry level. Ratiu believes this is 1-3 year monetary policy. In the interim, banks are still lending, albeit at a higher rate. They are also getting very creative with buy-down products.

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AUSTIN AREA MARKET STATS:For those who love a good spreadsheet, here are the latest Austin market stat. JUNE 2022 REPORTS HERE

BUYER GUIDE: It’s not easy buying in a market with rising prices and limited inventory. We can help you through the process. BUYER GUIDE

SELLER GUIDE: How do you make sure you get the most money for your home? From pricing to marketing, we’ll customize a plan to ensure you get the most money for your home. SELLER GUIDE

Courtney Oldham

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The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.

Thank you for your interest, we will be in touch shortly!

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