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September 2017

There are 4 blog entries for September 2017.

Austin, Texas Real Estate Market Update and Statistics September 2017

Tuesday, September 19th, 2017 at 4:23pm. 690 Views

Austin real estate statisticsAustin-area Real Estate Breaks Summer Selling Season Records

The Central Texas summer season was the hottest it has ever been – in real estate, that is. The Austin-Round Rock Metropolitan Statistical Area reached its highest level of single-family home sales and the highest median price during the period of May 2017 to August 2017, according to the Austin Board of REALTORS® August 2017 Central Texas Housing Market Report.

“The Central Texas housing market just experienced the strongest summer selling season on record,” said ABOR President Brandy Guthrie. “The Austin-Round Rock MSA saw record breaking growth, during which median price topped $300,000 and home sales volume topped $1 billion four consecutive months in a row.”

The record breaking

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CBRE Names Austin #8 Top Tech Talent

Tuesday, September 19th, 2017 at 1:14pm. 515 Views

Austin tech businessCBRE Inc. ranked Austin, Texas number eight on its Tech Talent Scorecard for 2017 that ranked large metro areas in the United States and in Canada. This is a drop from Austin’s 2016 number five ranking, but it still highlights the city’s tech focus and business friendly reputation, according to the report.

Austin received a total score of 58.73. Total tech talent in Austin has seen 28.3 percent growth from 2011, with employment in 2016 at 68,810. The average wage is $91,443, an increase of 7.6 percent from 2011 to 2016.

With its employment breakdown, based on April 2017’s U.S. Bureau of Labor Statistics data, the highest paid tech talent was for Computer & Information Systems Managers, who had an average wage of $154,140. This was followed by

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Surge in Mortgage Applications Follows Recent Lower Rates

Friday, September 15th, 2017 at 5:01pm. 536 Views

Austin real estate housesMortgage applications surged in mid-September 2017, with applications for home purchases and refinances jumping 9.9 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association and as reported by Realtor® Magazine.

Mortgage rates were among the lowest of the past year, with the 30-year fixed-rate mortgage rate averaging 4.03 percent during the week ending September 8, 2017, dropping from 4.06 percent the week prior, the MBA reported.

“Overall, mortgage rates continued to decline last week with the 30-year fixed rate decreasing three basis points to its lowest level since the 2016 election,” said MBA Economist Joel Kan. “Rates have decreased almost 20 basis points since mid-July.”

Home purchase applications were up 11

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Real Estate Center’s Monthly Review of the Texas Economy

Friday, September 1st, 2017 at 12:13pm. 641 Views

Austin businessesWhile the effects of Hurricane Harvey on the Texas economy remain to be seen, the recent shape of the Texas economy was strong. Texas had an annual growth rate of 2.4 percent in nonagricultural jobs from July 2016 to July 2017. This was a gain of 293,400 nonagricultural jobs and was higher than the United States’ employment growth rate of 1.5 percent, according to the Real Estate Center at Texas A&M University’s latest Monthly Review of the Texas Economy. Nongovernmental jobs grew at a rate of 2.6 percent, higher than the U.S. rate of 1.7 percent, for a total addition of 266,000 jobs.

The seasonally adjusted unemployment rate in Texas in July 2017 declined to 4.3 percent from the July 2016 rate of 4.7 percent. The seasonally adjusted unemployment rate

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