Thursday, August 18, 2016

ABOR: Inadequate Austin housing supply drives up prices

Austin's development pressures are exacerbating the region's housing shortage. That's the message Austin Board of Realtors President Aaron Farmer delivered Thursday in the organization's monthly housing market report. Home sales across the Austin area dropped year-over-year in July for only the second time in 2016 but the luxury and low-end segments of the market faced different pressures. Inventory for homes priced from $100,000-$200,000 was less than a month in July while homes going for more…

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