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January 2018

There are 3 blog entries for January 2018.

Texas Housing Construction Permits Reach Pre-Recession Levels

Wednesday, January 31st, 2018 at 10:51am. 683 Views

Austin new construction homesFollowing a low-momentum period, Texas single-family housing construction permits jumped 17.2 percent in November 2017 to reach pre-recession levels, according to the Real Estate Center at Texas A&M University. In Austin, construction permits were up 24.9 percent, with Dallas permits increasing 13.9 percent. Additionally, the Texas Residential Construction Leading Index reached its highest level since April 2017, which indicates likely improvements in residential construction through the end of the year, according to the report. Texas housing starts increased for the second straight month, with a year over year increase of 11 percent.  

Overall home sales in Texas increased 6.6 percent in November 2017, despite challenges in available inventory for

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Austin, Texas Real Estate Market Update and Statistics January 2018

Friday, January 19th, 2018 at 5:16pm. 1,051 Views

Austin real estate statistics2017: Another Record-Breaking Year for Austin-area Real Estate

Austin-area real estate achieved another record-breaking year in 2017, with home sales volume increasing 2.4 percent to 30,059 sales and median home price increasing 5.4 percent to $299,900, according to the Austin Board of REALTORS® December and Year-End 2017 Central Texas Housing Market Report. For home sales in the city of Austin, sales volume increased 2.5 percent to 9,278 sales, and median price reached an all-time high of $362,000.

Despite the record-breaking year, there are indications the real estate market will return to a more “normalized” positive pace soon. “While the Austin area continues to break records, the pace at which annual home sales and prices are increasing in

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Texas Economic Outlook

Tuesday, January 16th, 2018 at 2:35pm. 903 Views

Austin businessesThe Real Estate Center at Texas A&M University has released its January 2018 outlook for the Texas economy, with major factors robust, including those involved with residential real estate.

Housing sales across the state expanded, despite “shortages of homes priced under $300,000,” which is making entry level and starter home purchases potentially more difficult for many buyers. Residential construction activity held steady. And the Residential Construction Leading Index reached its highest level since April 2017, with increased weighted building permits and housing starts. The report stated that this signaled residential construction activity improvements through the end of 2018.

Rebuilding efforts around the Texas Gulf Coast contributed to 8,200

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