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October 2015

There are 4 blog entries for October 2015.

Austin, Texas Real Estate Market Update and Statistics October 2015

Monday, October 26th, 2015 at 12:36pm. 2,002 Views

Travis Country homesAustin Home Sales and Prices Hit Record Highs for September

While August 2015 saw record highs in Austin-area home prices, September 2015 saw all-time highs in both home prices and in home sales, according to a Multiple Listing Service (MLS) report by the Austin Board of REALTORS®. Home sales reached 2,603, an increase of seven percent year-over-year, and median price reached $258,000, an increase of eight percent year-over-year.

The average price for Austin-area single-family homes reached $324,150 in September 2015, a five percent increase compared to last September.

New listings increased 11 percent for the month to 2,860 listings, and active listings increased four percent for the month to 6,759 listings. However, housing inventory stayed

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Central Texas Home Construction Jumps

Thursday, October 22nd, 2015 at 10:37am. 1,652 Views

Avery Ranch homesAfter weather-related delays for the first two quarters of 2015, new home starts in central Texas jumped 7.9 percent in the third quarter, according to an Austin American-Statesman article based on Metrostudy’s findings. This equated to breaking ground on 3,530 houses in Travis, Williamson, Hays, Bastrop, and Caldwell Counties in the third quarter.

In the second quarter, new home starts were down 5% compared to the second quarter of 2014, but strong sales of new construction homes still were reported. For existing homes, sales grew 3% during the second quarter, and average and median prices continued to increase.

Builders began work on 11,555 houses during the 12 month cycle that ended in September, a 7.6 percent increase from the prior 12-month

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Austin Number Two Market for Real Estate Prospects

Tuesday, October 20th, 2015 at 12:37pm. 2,579 Views

Austin real estate developmentAustin is the second top U.S. market to watch for overall real estate prospects, ranking fourth for real estate investment, first for real estate development, and second for real estate homebuilding, according to the Emerging Trends in Real Estate 2016, the 37th such report published by PwC and the Urban Land Institute.

While the 2016 outlook for all property types in Austin received good-to-excellent ratings, single-family and retail were particularly favored. Compared to “24-hour cities,” the Austin market boasted a lower cost of living, particularly in housing, combined with strong growth potential.

The report says Austin is “an attractive place to live for all generations” and that it continues to benefit from diverse job creation ranging from

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Austin Number Eight City for Millennial Entrepreneurs

Tuesday, October 20th, 2015 at 10:52am. 3,195 Views

downtown austin millennialsAustin was named the eighth best city in the nation for millennial entrepreneurs by Thumbtack, which surveyed “the friendliness of local tax laws, licensing rules, and the regulatory environment” to prepare results comparing the friendliness of small business climates in United States cities and states. In addition to Austin’s ranking, Texas was named the top state in the nation for its friendliness to small business.

According to the U.S. Chamber of Commerce, over a quarter of young people are self-employed and launching over 160,000 startups per month. It was partly survey responses from this group - entrepreneurs aged 34 and under - that helped determine the rankings.

Birmingham was the top U.S. city for millennial entrepreneurs, followed by

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