Monday, August 31st, 2015 at 10:48am. 133 Views
Austin has grown tremendously over recent years, and much of this growth has pushed into the many suburbs surrounding the capital city. These suburbs are seeing their own tremendous growth as people move outward, whether for jobs or for school districts or for homes. And it looks like the growth will continue.
A recent LawnStarter analysis shows that, in Texas, the 10 fastest-growing big suburbs from 2013 to 2014 are projected to grow at least 20 percent over the next 15 years. Three of these are in the Austin area: Georgetown, which came in as the second fastest growing, San Marcos at number three, and Cedar Park at number five. The LawnStarter analysis used data from the U.S. Census Bureau and the Texas Water Development Board to reach their…
Friday, August 21st, 2015 at 1:24pm. 663 Views
All-Time High for Austin Home Sales
Austin-area home sales hit an all-time high in July 2015, increasing 12 percent year-over-year to 3,149 sales, according to a Multiple Listing Service report released by the Austin Board of REALTORS®.
Median price for single-family homes rose to $269,500, an increase of eight percent compared to July 2014. Average price increased six percent to $338,452. Inventory levels rose from 2.8 months in June 2015 to a three months’ supply, matching July 2014 and also reaching the highest level since that time.
“We’re in the midst of one of the most active summer selling seasons to-date, with more single-family home sales than ever before,” said ABOR President Barb Cooper. “Home prices remain high, but inventory levels…
Friday, August 14th, 2015 at 1:14pm. 687 Views
Austin Home Search App by Regent Property Group is the Android App for Austin, Texas Real Estate
Regent Property Group has released a new Austin home search app for Android devices. Following Regent's successful release of the iOS app earlier this year, the Austin Real Estate App allows prospective homebuyers to search MLS listings on their mobile devices with lightning fast speed - and to be notified when a property that fits their criteria hits the market.
Driving through a neighborhood you like? Utilize the “nearby homes for sale” feature to quickly pull up available listings in the area. Refine your price range, property type, number of bedrooms and bathrooms, square footage, and lot size to receive custom results just for you!
Tuesday, August 11th, 2015 at 3:43pm. 556 Views
Austin was ranked the sixth healthiest housing market in the United States by WalletHub, which compared 25 of the largest metropolitan areas across 10 key factors. The top five markets included Boston, Oklahoma City, San Antonio, Northern New Jersey, and Hartford, Connecticut, respectively. Some of the measured factors included interest rates on a first mortgage, access to home equity loans and lines of credit, years until a mortgage is paid off, and mortgage costs.
Austin’s Rankings among Key Factors
Austin had the lowest rate of first time homebuyer assistance, with only 2.81% of first time homebuyers receiving assistance from government programs.
Austin had the second lowest down payment percentage, with the “amount of down payment put forward…
Tuesday, July 28th, 2015 at 4:58pm. 573 Views
Google Inc. is testing its self-driving cars on the streets of Austin, Texas, hoping to gather additional information on how its prototypes interact with various real-life factors such as traffic, people, and road conditions. The tests will be conducted with specially equipped Lexus RX450h prototypes, and the vehicles will have humans on board to assume manual control if needed.
Google’s self-driving prototypes have been in a testing phase since 2009, mainly around Google’s Silicon Valley headquarters in Mountain View, California. The technology to build self-driving cars is expected to be ready for the public by 2020.
The Texas Department of Transportation was quoted in a Google press release: "We welcome and support Google's autonomous vehicle…
Wednesday, July 22nd, 2015 at 11:35am. 767 Views
Austin Monthly Home Sales Top $1 Billion for First Time, Plus: Mid-Year Report
Monthly home sales for the Austin area topped $1 billion in volume in June 2015, making it the highest dollar volume month ever for the central Texas region, and cumulative sales for 2015 signal a potential yearly record, possibly higher than 2014’s record-breaking sales volume, according to a Multiple Listing Service (MLS) report by the Austin Board of REALTORS®.
“June’s increased home sales, combined with total dollar volume exceeding $1 billion for the first time ever, shows the amazing equity Austin homeowners have in the market and the powerful impact of real estate in Central Texas,” said ABOR President Barb Cooper. “If this growth continues, 2015 could become…
Monday, July 20th, 2015 at 1:57pm. 1,225 Views
Austin is now the national leader in startups, following its number two spot in 2014. With 180 startup businesses, Austin unseated Silicon Valley for the title of the number one city in the nation for startup businesses, according to the Kauffman Index Report, which measures entrepreneurship at national, state, and metropolitan levels.
Fellow Texas cities Houston and San Antonio also made the top ten, at spots eight and ten, respectively. Helping spur this innovation is the job growth rate in Texas, which has remained positive for 60 consecutive months, according to Texas Workforce Commission statistics. Rounding out the top five cities for startups were Miami, Florida; San Jose, California; Los Angeles, California; and Denver, Colorado.
Monday, July 20th, 2015 at 10:12am. 1,238 Views
It seems not a month goes by that we don’t hear about another flight being added to the options at Austin-Bergstrom International Airport. ABIA has been experiencing tremendous growth in the amount of people who travel through its doors, leading to demand for more non-stop flights, a boon for commuters and pleasure travelers alike. This month, a new passenger screening checkpoint with six security lanes also opened to support the demand, as part of the Terminal East Infill Project terminal addition. What is leading to this expansion? Let’s take a look:
This May 2015 saw a new monthly passenger record with 1,022,353 people traveling through the airport. It was ABIA’s third million-plus month and its fifth monthly record in the past 14 months. Passenger…
Friday, June 19th, 2015 at 3:25pm. 2,092 Views
Austin Home Sales Slightly Dip, Prices Hit Monthly Record
Single family home sales in the Austin area dipped two percent in May 2015, after setting a record the previous month, according to a Multiple Listing Service report released by the Austin Board of REALTORS®. Despite the slight pullback in sales volume, sales prices set a record for the month of May.
Austin Home Prices
The median price for single-family homes increased nine percent compared to May 2014, coming in at $271,000. The average price increased seven percent compared to May 2014, coming in at $348,201. Historical appreciation is typically about four percent annually, according to the Real Estate Center at Texas A&M University, and therefore Austin continues to outpace its…
Wednesday, June 10th, 2015 at 6:19pm. 2,830 Views
The Austin Symphony’s annual tradition of “Concerts in the Park” returns this summer at the Hartman Concert Park at the Long Center City Terrace in central Austin. In its thirteenth year, the free, live music series features ensemble performances from members of the Austin Symphony and runs most Sunday evenings through the summer. Music selections will range from jazz and light classical music to pops selections and film scores.
Attendees are encouraged to bring blankets, folding chairs, and picnic dinners to enjoy the music, which begins at 7:30 p.m. on Sunday evenings from now through August 23, excluding the fifth of July. Attendees generally are a mix of symphony enthusiasts, families, and even passersby from the popular outdoor recreation areas…