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June 2016

There are 3 blog entries for June 2016.

Austin, Texas Real Estate Market Update and Statistics June 2016

Tuesday, June 21st, 2016 at 5:56pm. 1,701 Views

Enfield homesHome Sales Jump 10% in Austin-Area

Home sales in the Austin-area jumped 10% in May 2016 compared to May of last year, and in Williamson County, the increase was even higher at 19.5 percent, according to the Austin Board of REALTORS® May 2016 Central Texas Housing Market Report.

“Housing demand continues to be at an all-time high in the Central Texas region, with properties priced under $500,000 selling rapidly,” said ABOR President Aaron Farmer. “Williamson County homes are among the most popular in the region due to the county’s highly rated school districts, access to major thoroughfares and proximity to major employment hubs in Austin.”

In the Austin-area, the greatest movement was seen in pending sales. The Austin-area had 3,297 pending sales

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Austin, Texas Top U.S. Market for Aspiring Millennial Homebuyers

Tuesday, June 21st, 2016 at 2:40pm. 1,954 Views

millennials Austin real estate Austin, Texas is the best market in the nation for millennials to purchase real estate, according to a June 2016 report by the National Association of Realtors that reviewed employment, population, income, and housing condition data in the nation’s largest metro areas.

Among the rankings, Charleston came in second, followed by Denver, Minneapolis, and Ogden, Utah for the top five. Portland, Raleigh, Salt Lake City, Seattle, and Washington, D.C. comprised the rest of the top ten.

According to the report, millennials represent 18% of the Austin population and 29.4% of those moving into Austin. These figures both represented the largest percentage of millennials among the 100 largest metro areas. Austin employment grew 4.9% over the 12-month period

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Texas Economy Rebounding from Oil Slump

Monday, June 13th, 2016 at 12:18pm. 1,484 Views

Austin economyTexas’ economy is showing signs of recovery following impacts from a 2015 drop in oil prices, according to the Real Estate Center at Texas A&M University’s Monthly Review of the Texas Economy. In April 2016, Texas had its fourth month with an annual employment growth rate exceeding the annual growth rate in December 2015, which indicates that the worst of the downturn has passed.

Texas gained 187,500 nonagricultural jobs from April 2015 to April 2016 for an annual growth rate of 1.6 percent. The nongovernment sector also grew its annual rate by 1.6 percent, adding 154,000 jobs.

The seasonally adjusted unemployment rate was 4.4 percent in April 2016, the same rate as April 2015. The actual unemployment rate for the state was 4.2 percent. Amarillo had

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