There are 3 blog entries for March 2018.
Friday, March 23rd, 2018 at 3:50pm. 793 Views
A new report has been issued by the Real Estate Center at Texas A&M University for the Texas economy, and results continue to look strong overall thanks in part to a strong United States economy and increasing energy prices. Issued in mid-March based on January data, the report stated that housing affordability, potential volatility in energy prices, and trade uncertainty would be potential headwinds going forward into 2018.
Texas’ labor market continued to tighten, pushing the economy towards a full employment level, with Texas adding 16,000 jobs. Austin had the largest proportional increase in jobs at 0.5 percent. Unemployment was four percent across the state and even lower in many metropolitan areas.
Austin led the state in the metropolitan…
Friday, March 16th, 2018 at 2:24pm. 807 Views
Austin Area Home Prices Spike in February 2018
Wondering if this spring would bring a slowdown in the red hot Austin real estate market? Not so far, according to the February 2018 Central Texas Housing Market Report released by the Austin Board of REALTORS®. Prices spiked across the area, according to the report, with the most in-demand areas reporting double digit increases.
With the city of Austin, median price increased 12.2 percent compared to February 2017, to $367,701. With an inventory decrease from 1.4 months in February 2017 to 1.3 months in February 2018, home sales decreased 6.7 percent to 599 sales. A balanced market is considered approximately 6.5 months of inventory, according to the Real Estate Center at Texas A&M University.…
Thursday, March 8th, 2018 at 7:01pm. 791 Views
In its 2018 rankings, U.S. News & World Report has named Austin, Texas the number one place to live in the United States. With a score of 7.8, the capital city was compared to the 100 most populous metro areas in the U.S. and scored based on value, desirability, job market, and quality of life.
Austin’s individual rankings included a score of 8.4 for desirability, 7.3 for value, 7.5 for job market, 7.3 for quality of life, and 9.8 for net migration. About 50 people per day move to Austin, according to the report, and the latest data put the area at a population of 1,889,094.
Austin’s unemployment rate was listed at 3.2 percent, with the top employment industries being Health Care and Social Assistance; Professional, Scientific, and Technical…