There are 3 blog entries for October 2017.
Monday, October 30th, 2017 at 5:41pm. 914 Views
Longtime residents of Austin, Texas might be heard saying, “This city sure has changed.” And they’d be right, according to a MagnifyMoney study, which named Austin the most changed metro area in the United States over the last ten years.
Looking at nine elements of change from 2006 to 2016 among the 50 largest metros, Austin ranked number one with a score of 90.4 out of 100. Change factors included commute times, building permits, median age, employment, income, housing prices, rent, crime rate, and recent moves.
From these factors, Austin had the fastest job growth in the nation, increasing 40+ percent since 2006. And a staggering 60 percent of Austin residents have moved since 2010, for a third in the nation score. This mobility is even with…
Friday, October 27th, 2017 at 4:15pm. 776 Views
Even with the impacts of Hurricane Harvey, the Texas economy is continuing to create more jobs, according to the Monthly Review of the Texas Economy by Ali Anari with the Real Estate Center at Texas A&M University.
From September 2016 to September 2017, Texas gained 256,100 nonagricultural jobs for an annual growth rate of 2.1 percent. The national growth rate for the same time period was 1.2 percent. Texas nongovernmental jobs increased by 230,300, and this created an annual growth rate of 2.3 percent. The national growth rate was 1.4 percent. Job creation was led by the metro areas of Corpus Christi, College Station-Bryan, El Paso, Midland, Dallas-Plano-Irving, Fort Worth-Arlington, Austin-Round Rock, and Odessa.
The only industry not to add more…
Monday, October 23rd, 2017 at 7:01pm. 982 Views
Austin-area Home Sales Down Compared to Last Year’s Records
Austin-Round Rock Metropolitan Statistical Area home sales were down this September 2017, compared to September 2016, and inventory levels were up, according to the Austin Board of REALTORS® September 2017 Central Texas Housing Market Report. However, experts indicate that rather than a sign of a downturn, these results are simply a slowing down of the breakneck speed of the recent past.
“Despite last month’s dip in home sales activity, it’s important to remember that we’re comparing our current figures to the record-breaking housing market activity in 2016 and it’s not necessarily indicative of a downturn,” said ABOR President Brandy Guthrie.
Single-family home sales for the…