"The sharp increase in mortgage rates is pushing more homebuyers out ofthe market," wrote Daryl Fairweather, chief economist at Redfin.It's simple economics... skyrocketing rates + skyrocketing prices don't create an exploding real estate market.

So please understand there is truly a reason why 84 out of 100 economists picked Austin as the #1 place to invest. 

Economists say generous unemployment benefits are NOT the cause.

The inflation alarm bells are on high alert, and investors are jittery.Inflation is unavoidable at this moment, with economists forecasting inflation for 2021.

Yet the official rate almost certainly understates the true level of unemployment by 2 to 3 percentage points, economists say.

Even housing economists can't get it right.

I heard Doug Duncan, the chief economist of family, speak at an event two weeks ago and he said that he expects inflation to be almost double The Fed target next year.

I am not an economist and have no background in how incentives work but I don't think letting Chapter 313 incentives lapse will take Austin off the table for many companies who see the myriad other benefits the Austin metro offers. 

I think it’s important to note that head economists from leading real estate entities might disagree 👍.

The bad news is, at its current pace, economists predict the number of houses on the market nationwide won’t reach normal levels for at least another 14 months.