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April 2018

There are 3 blog entries for April 2018.

Texas Economic Outlook

Monday, April 30th, 2018 at 3:05pm. 564 Views

Austin downtownThe Texas economy continues to be strong, according to the Outlook for the Texas Economy Report by the Real Estate Center at Texas A&M University. A strong United States economy and stable energy prices were the predominant factors cited in the report. Texas produces 39 percent of national crude oil and accounts for 84 percent of its exports. Here are a few of the key findings in the April 2018 report:

For the Dallas Fed’s Business-Cycle Index, the Texas Urban Triangle was led by Austin, with an 8.5 percent metropolitan business cycle index. Dallas and San Antonio came in at 3.6 percent and 3.7 percent, respectively. Houston declined but still hit 5.9 percent.

The Texas Consumer Confidence Index reached a record high, with an increase of two

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Texas Economy Continues to Outpace U.S. Economy

Friday, April 27th, 2018 at 11:59am. 597 Views

Austin downtownThe Texas economy is continuing to outpace the United States economy in job creation, even with a strong performance nationally, according to the Real Estate Center at Texas A&M University’s Monthly Review of the Texas Economy.

From March 2017 to March 2018, Texas gained 294,100 nonagricultural jobs for a 2.4 percent growth rate, compared to a U.S. growth rate of 1.5 percent. During the same time period, Texas gained 289,100 nongovernment sector jobs for a 2.8 percent growth rate, compared to a U.S. growth rate of 1.8 percent.

The seasonally adjusted unemployment rate in Texas for March 2018 was four percent, compared to a 4.6 percent rate in March 2017. The unemployment rate nationally was 4.5 percent, compared to 4.1 percent in March 2017. Austin

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Austin, Texas Real Estate Market Update and Statistics April 2018

Friday, April 20th, 2018 at 10:57am. 679 Views

Austin real estate statisticsRecord-breaking March for Home Sales, Strong Summer Expected

Over 2,700 homes sold in March 2018 in the Austin-Round Rock Metropolitan Statistical Area, a 10.5 percent increase compared to March 2017 and the most sales ever in that month, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Total sales dollar volume increased 18.4 percent over March 2017 to a total of $1,071,274,938, and median home price was up 3.5 percent to $305,233. Inventory was down 0.2 months compared to March 2017 for 2.2 months of inventory.

“Last month, 2,714 single-family homes were sold in the five-county Central Texas region, which is more sales than any March we’ve seen on record,” said ABOR President Steve Crorey. “This type of growth early

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