Where is the rain??

Central Texas growth continues. Over the past decade the Austin metro has grown at a rate of around 33%.  That’s about 550,000 more people than 2010.

Apple’s new campus in north Austin continues to move forward. 

Message: In 1968, Presidential candidate Robert Kennedy and Dr. Martin Luther King Jr. were assassinated, the H3N2 virus had killed more than 100,000 Americans, civil rights and the Vietnam war inflamed protests and riots across many cities in our nation, and North Vietnam had just launched the Tet Offensive. In Q1 of that year, the economy took a nosedive, only to rally by 24% in Q2. Proof that the markets have never had emotion, caring, or empathy.

Many economists are beginning to consider 1968 as they predict how 2022 will advance for America.  If you think that the stock markets are any sort of indicator, they have risen beyond levels attained at any other point in time.  Supply line disruptions in some sectors continues to be a problem, and economic growth has slowed considerably.

Austin Real Estate Market Update: Still a “sellers” market with a couple months of inventory in almost all regional market segments. The “FOMO” Fear of Missing Out is passing, thank goodness. Multiple offers are now a thing of the past. Interest rates on mortgages are on the way up…currently 5.5%+.