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May 2018

There are 3 blog entries for May 2018.

Outdoor Home Projects Offer Financial Returns and Owner Satisfaction

Friday, May 25th, 2018 at 10:50am. 660 Views

austin home landscape Thinking about remodeling? Homeowners should consider looking outdoors for their next upgrade, as outdoor projects can bring both financial reward and owner satisfaction, according to the National Association of Realtors®’and National Association of Landscape Professionals’ 2018 Remodeling Report: Outdoor Features.

The report looked at 13 outdoor residential projects and found that Realtors® ranked standard lawn care service as the most financially productive at resale, with a recovery rate of 267 percent of the project cost. Landscape maintenance and tree care came in second and third, with recovery rates of 100 percent. Installing an irrigation system was next most productive, at 86 percent recovery.

“Realtors® understand that a home’s first

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Austin Housing Starts Up Almost 18 Percent in First Quarter of 2018

Wednesday, May 23rd, 2018 at 11:37am. 698 Views

Austin new construction homesAustin housing starts for the first quarter of 2018 were up 17.6 percent compared to the first quarter of 2017, for a total of 4,064 housing starts, according to Metrostudy. Annual new home starts increased 4.5 percent to 16,457. Attached homes, generally more affordable than single family homes, have seen significant gains, with 353 percent growth in the last five years.

New homes also are selling more quickly, and closings have outpaced housing starts for the last two quarters. In the first quarter of 2018, there were 4,118 closings, compared to 3,108 in 2017, a 32.5 percent increase. Annual closings increased 15.1 percent, from 13,634 after the first quarter of 2017 to 15,699 after the first quarter of 2018.

Metrostudy’s Austin Regional Director

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Austin, Texas Real Estate Market Update and Statistics May 2018

Friday, May 18th, 2018 at 1:43pm. 776 Views

Austin real estate statisticsABOR report says all price ranges experiencing competition

All Austin area real estate price ranges are experiencing pressure due to limited inventory and high demand, according to the Austin Board of REALTORS® Central Texas Housing Market Report based on data from April 2018.

Pending sales in the Austin-Round Rock MSA increased 14.3 percent in April 2018 to 3,320 pending sales, while new listings were up 5.6 percent to 4,139 listings and active listings decreased 2.8 percent to 6,154 listings. Median price within the Austin-Round Rock MSA increased 3.8 percent compared to April 2017, for a median of $316,000. Inventory decreased 0.2 months to 2.4 months, well below the approximately 6.5 month supply that is believed to be balanced, according to the

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