Wednesday, February 10th, 2016 at 5:20pm. 109 Views
Round Rock, Texas has been named the fourth most affordable city in the United States on Livability’s 2016 Top Ten Affordable Places to Live report. The fourth place ranking is a drop from last year’s first place finish but still puts an attractive spin on this suburban community just north of Austin. In fact, the report begins with the statement, “No, this isn’t heaven, it’s Round Rock, Texas.”
Livability cited Round Rock’s median income of $69,533 as going “a very long way” and attributes the drop from first to fourth because “residents do spend slightly more than those in other cities on housing costs,” although the report listed the median home price at only $168,800, a large step down from neighboring Austin. Considering the quality of life Round…
Wednesday, February 10th, 2016 at 4:31pm. 115 Views
ValuePenguin has ranked Austin as the top city in the nation for young families on its Best Cities for Young Families in 2016 report. Based on 16 different factors, the capital city ranked tops out of 156 compared cities.
Of the five factors ValuePenguin considered the most important for young families, Austin ranked third for Education and Environment, 10th for Working Parents, 17th for Outdoor Activities, 103rd for Buying or Renting a Home, and 121st for Safety and Healthcare.
For Austin’s highest ranking of Education and Environment, the report looked at the number of children in Austin, the percentage of families in poverty, the rating of the school systems (by GreatSchools.org), and the proximity of state universities. “Our belief is that kids…
Wednesday, February 10th, 2016 at 2:45pm. 130 Views
Austin took the third spot in the United States for its net gain of incoming one-way U-Haul truck rentals versus outgoing rentals for 2015, according to U-Haul’s Top 10 U.S. Growth Cities for 2015. While third place is two spots below its number one spot for 2014, Austin saw six percent more U-Haul arrivals year-over-year, with 50.8 percent of truck rental customers moving into Austin versus away from Austin.
“Businesses continue to flock to Central Texas because of the climate, no state income tax and growing diversity throughout Austin,” said U-Haul Company of South Austin President Glenn Taylor. “Google, IBM and Apple are just a few of the businesses adding jobs to the Central Texas economy.”
He continued, “And Austin is the Live Music Capital of…
Tuesday, January 26th, 2016 at 5:58pm. 198 Views
Forbes has declared Austin, Texas the next top boomtown in America, based on its potential to prosper in the next decade. Forbes compared 53 metropolitan areas with populations of over one million and ranked percentage of children ages five to 14, birth rate, net domestic migration, percentage of the population ages 25-44 with a bachelor’s degree, income growth, unemployment rate, and population growth – factoring in the past, present, and future vitality of each to determine the rankings.
The report focused largely on Texas, stating, “The most vital parts of urban America can be encapsulated largely in one five-letter word: Texas.” The report included four major Texas metros in the top 10: Austin, Houston, Dallas-Fort Worth, and San Antonio, all of…
Friday, January 22nd, 2016 at 12:30pm. 263 Views
Austin Real Estate Sets All-Time Records in 2015
December 2015 was another strong month for Austin real estate, capping off a record-breaking year.
See below for Year of 2015 and December 2015 market statistic reports:
Single family home sales and prices set all-time records for the year 2015, with home sales increasing five percent to 29,068 homes sold, and prices rising nine percent to a median of $263,900, according to a report from the Austin Board of REALTORS®.
The number of active listings in 2015 rose five percent to 6,044, and new listings increased four percent to 36,810. Pending sales rose five percent to 29,839. Homes did spend two more days on the market, for an average of 49 days.
The increase in activity led to a…
Tuesday, January 19th, 2016 at 6:12pm. 223 Views
Weighing factors such as job creation, wage gains, and technology trends, the Milken Institute has ranked Austin as the number four best-performing large city in the nation. However, this ranking is down two spots from last year’s ranking, when it was second among the nation’s best-performing cities. In 2013, Austin was ranked the top city in the nation.
The San Jose-Sunnyvale-Santa Clara, California metro ranked first, followed by the San Francisco-Redwood City-South San Francisco, California metro, and then Provo-Orem, Utah. Dallas-Plano-Irving rounded out the top five. The only other Texas metro to appear on the top 25 list was San Antonio-New Braunfels at number 12.
While Texas’ total of three cities on the list is strong comparatively, the…
Monday, January 18th, 2016 at 3:28pm. 172 Views
The Eanes Independent School District was named the top school district in Texas and the second best school district in the nation by Niche, based on a comparison of over 10,000 school districts from around the country. The only other school district in the state to make the top ten on the 2016 Best School Districts in America list was the Highland Park Independent School District, which came in at the sixth best nationally.
Academics were the highest criteria for the list, with a weight of 50% of the total score. Other areas of the school district “graded” for the report included teachers, extracurricular activities, sports, and parent/student surveys, among others.
Eanes scored A-pluses in four categories: academics, health and safety, teachers,…
Tuesday, December 29th, 2015 at 4:18pm. 301 Views
A December report by the Real Estate Center at Texas A&M University says that housing demand remains strong throughout the state of Texas but that new construction to meet that demand is being constrained by a shortage of both labor and lots.
New Construction and Inventory
Statewide, new building permits were flat, with recent declines in both Austin and Houston. None of the metro areas have reached permitting levels equal to or greater than those pre-recession. However, Research Economist Dr. Luis Torres, who co-authored the report, said, “The Texas residential business cycle (coincident) index that measures current construction activity continues its positive 2015 trend although at a slower pace."
Housing inventory in Texas is at a 3.4 months’…
Monday, December 21st, 2015 at 4:10pm. 589 Views
Austin Home Sales Take a Dip, Prices Hit Record
Home sales in the Austin area took a dip in November 2015, decreasing four percent compared to November 2014, according to a Multiple Listing Service (MLS) report by the Austin Board of REALTORS®. The retraction follows an increase in home sales for five consecutive months and is only the second month this year to show a decrease, along with May.
While sales took a small dip, prices kept rising: the median price for Austin-area homes increased 10 percent in November 2015 to $270,000, which is a record for that month. The average price also set a record, increasing 12 percent in November to $347,292. The total volume of single-family properties sold was $629,987,688, eight percent more than November…
Tuesday, December 15th, 2015 at 1:01pm. 332 Views
The City of Austin’s demographer Ryan Robinson says that the Austin, Texas metro area has reached a milestone: surpassing two million people, according to an article by Austin startup LawnStarter. The milestone likely was reached over the summer, as his October 1 population estimate reached 2,020,452 people. The article states that Steve Murdock, director of the Hobby Center for the Study of Texas at Rice University in Houston and former director of the United States Census Bureau, concurs with the estimate.
The Austin region’s population has grown 62 percent from April 2010 to October 2015, from a population of 1,249,763 in April 2000, to a population of 1,716,289 in April 2010, to the recent estimate. This makes Austin one of the fastest growing…