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February 2017

There are 3 blog entries for February 2017.

Austin, Texas Real Estate Market Update and Statistics February 2017

Monday, February 20th, 2017 at 2:33pm. 607 Views

Austin real estate statisticsAustin Real Estate: Strong January to Start 2017

The Austin area experienced strong real estate gains in January 2017, starting the year with a seven percent increase in home sales, according to the Austin Board of REALTORS® January 2017 Central Texas Housing Market Report. The City of Austin kicked off the year with a 9.8 percent increase in home sales.

“Consecutive years of strong housing demand and sales growth throughout Central Texas have significantly changed housing market conditions in Austin and the surrounding region,” said ABOR President Brandy Guthrie. “The radius of local market areas with critically low housing inventory levels has expanded out from Austin into surrounding counties, shifting the price range of available homes in local

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Austin Median Home Prices vs. Median Family Income

Friday, February 17th, 2017 at 12:15pm. 489 Views

Austin home pricesA recent KVUE article reported that housing prices have risen faster in Austin than anywhere in the country and that salaries are not keeping pace with the increase.

Looking at the past 26 years of data, KVUE found that family income rose 97 percent, while median home prices rose 290 percent. This means a family originally making $50k would have seen its income increase to $98.5k, and a home that had cost $100k would now cost $390k. To stay on par with price increases, the median income would have had to increase to $153k per year. A median house in Austin is now about $355k.

KVUE said the rapid price increases, in conjunction with less robust wage increases, are “pushing people out of town.” It also cited increasing tax burdens on home owners as a

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Austin the #1 Place to Live in the USA

Wednesday, February 8th, 2017 at 5:13pm. 511 Views

Austin number one in U.S.How does it feel, Austin, Texas? You live in the best city in the United States of America.

U.S. News & World Report named Austin tops in the country in its annual Best Places to Live rankings of the 100 most populous metro areas, up from the second spot last year. It had an overall score of 7.8 based on desirability, value, the job market, quality of life, and net migration. The rankings are “intended to help readers make the most informed decision when choosing where to settle down,” according to U.S. News.

Denver, Colorado; San Jose, California; Washington, D.C., and Fayetteville, Arkansas rounded out the top five.

Quality of life was 30 percent of the overall score, and for this metric, Austin scored a 7.3. Quality of life took into account

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