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February 2018

There are 3 blog entries for February 2018.

Expect 6.6 Percent Growth in Texas Home Sales in 2018, Says Real Estate Center

Thursday, February 22nd, 2018 at 7:37pm. 828 Views

Anderson Mill homes AustinSingle family home sales in Texas are expected to increase by 6.6 percent in 2018, according to the Real Estate Center at Texas A&M University, even as builders statewide are continuing to struggle to meet affordable housing needs.

It’s a “difficult task” to build homes priced less than $300,000, due to rising land costs and shortages in skilled labor, said Real Estate Center Research Economist Dr. Luis Torres. However, “The state’s economic acceleration and employment growth bode well for housing demand. Prices should ease slightly as homebuilders stretch to build more entry-level and first move-up homes, generally priced from $150,000 to $250,000,” he said.

Housing permits were up 8.2 percent in 2017 statewide, with Austin permits increasing 12

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WalletHub: Austin is the Nation’s Best State Capital

Tuesday, February 20th, 2018 at 2:35pm. 720 Views

Austin state capitalAustin, Texas is the 2018 best state capital to live in, according to WalletHub, which compared all 50 United States capitals on factors such as affordability, economics, education and health, and living standards. Austin scored a 67.73 on its State Capital Index score, besting second place Madison, Wisconsin by over three points. Boise, Idaho; Lincoln, Nebraska; and Bismarck, North Dakota rounded out the top five.

Of the 50 capital cities, Austin came in second for highest median income, second for lowest premature death rate, and had the second highest level of millennial newcomers. It came in third for its number of attractions. Austin had the fifth highest percentage of adults with a bachelor’s degree or higher.

Austin’s overall affordability

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Austin, Texas Real Estate Market Update and Statistics February 2018

Thursday, February 15th, 2018 at 5:08pm. 941 Views

rollingwood homesJanuary 2018 shows continued strength of Austin-area real estate market: Record-breaking sales and prices could continue

Home sales increased across the five-county Austin Metropolitan Statistical Area in January 2018, “setting the pace for what could be another record-breaking year,” according to the Austin Board of REALTORS® January 2018 Central Texas Housing Market Report. Sold prices for homes in the Austin-area increased 3.6 percent over January 2017 to $290,000, and home sales volume increased 8.5 percent to 1,655 sales. Inventory remained the same as last January at 1.9 months, well below an average balanced market of six to 6.5 months. Pending and active listings indicate February 2018 also will be a strong month for sales, according to the

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