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September 2016

There are 3 blog entries for September 2016.

International Homebuyers Pump More than $10 Billion into Texas Real Estate

Tuesday, September 27th, 2016 at 4:11pm. 1,024 Views

Tuscan homes austinInternational homebuyers pumped more than $10 billion into the Texas economy from April 2015 to March 2016, according to the 2016 Texas International Homebuyers report. This amounted to more than 21,000 Texas homes purchased by international buyers, compared to the previous year’s 16,720 Texas homes for a total of $8.32 billion. 

Of those international buyers, 36 percent were from Latin America (including Mexico), 34 percent were from Asia/Oceana (including China and India), 12 percent were from Europe, eight percent were from Africa, and four percent were from Canada.

Of the states, Texas had the third highest percent of international homebuyers with 10 percent. Florida had 22 percent, and California had 15 percent. Texas had the highest percentage

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Austin, Texas Real Estate Market Update and Statistics September 2016

Monday, September 19th, 2016 at 1:32pm. 1,150 Views

Austin-area Median Home Prices Up Over Nine Percent

Austin homesAustin-area home prices rose to $289,990 in August 2016, a 9.4 percent increase compared to August 2015, according to the Austin Board of REALTORS® August 2016 Central Texas Housing Market Report. Austin-area home sales also rose in August 2016, with a 5.3 percent increase resulting in 2,985 home sales.

“Austin, and now the Central Texas region at large, continues to be a magnet for jobs and new businesses across multiple industries,” said ABOR President Aaron Farmer. “This continues to keep housing demand at an all-time high and inventory at near-record lows despite strong housing development and a greater number of listings on the market.”

Within the city limits of Austin, prices continued to

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Few Underwater Homes in Austin, Texas

Thursday, September 8th, 2016 at 4:47pm. 1,342 Views

central austin homesAustin, Texas is among the top United States cities with the highest percentage of homes with positive equity, according to CoreLogic and The Home Story. The San Francisco area leads the way with 99.4% of homeowners having positive equity, with Boulder and Urban Honolulu at 99.1%. Fort Collins came in at 98.6%, with Austin, Fort Worth, and San Jose coming in next with 98.5%. Houston was also in the top ten, with 98.3%.  

“In just the last four years, equity for homeowners with a mortgage has nearly doubled to $6.9 trillion,” said Frank Nothaft, chief economist for CoreLogic. “The rapid increase in home equity reflects the improvement in home prices, dwindling distressed borrowers and increased principal repayment. These are all positive factors that

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