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February 2016

There are 4 blog entries for February 2016.

Austin, Texas Real Estate Market Update and Statistics February 2016

Tuesday, February 23rd, 2016 at 3:56pm. 1,341 Views

Austin homesSales Dip, Prices Keep Rising

Austin area home sales dipped slightly in January with a total of 1,459 home sales, according to a Multiple Listing Service (MLS) report released by the Austin Board of REALTORS®. While home sales showed this slight decrease of 1.9 percent compared to last January, median price rose 6.3 percent year-over-year, reaching $254,999.

It has been posited by real estate experts that some of the decline in sales is due to a continued lack of inventory. Inventory has been low for several years, a factor heavily in favor of sellers. In January 2016, the supply of inventory was only at 2.0 months, which is 4.5 months’ shy of what is considered a balanced market by the Real Estate Center at Texas A&M University. While January’s 2.0

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Round Rock Fourth in Nation for Affordability

Wednesday, February 10th, 2016 at 5:20pm. 2,021 Views

round rock houseRound 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

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Austin Ranked the #1 City in America for Young Families

Wednesday, February 10th, 2016 at 4:31pm. 2,376 Views

downtown AustinValuePenguin 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

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U-Haul: Austin Third in Country for Moving

Wednesday, February 10th, 2016 at 2:45pm. 1,364 Views

Rollingwood homes AustinAustin 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

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