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July 2018

There are 4 blog entries for July 2018.

Texas Economic Expansion Continues

Sunday, July 22nd, 2018 at 4:18pm. 747 Views

Austin downtownIncreases in energy and manufacturing activity led to a continued expansion in the Texas economy for May 2018, according to the Real Estate Center at Texas A&M University. Workers also are being drawn back into the workforce, due to low unemployment.

The Dallas Fed's Business-Cycle Index rose 5.5 percent, to its highest level since 2014. Houston was up 6.2 percent due to growth in the energy industry, and Austin also was up 6.2 percent, due to a “booming technology industry.” The Texas Leading Economic Index, which measures future changes, was up 5.7 percent in growth year over year. This was a decrease in pace, however, and caused growth in the statewide employment forecast to decrease from 3.6 percent to 3.3 percent.

The 30-year-fixed-rate for

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U.S. Home Outlook Steady in Second Quarter of 2018

Sunday, July 22nd, 2018 at 3:19pm. 765 Views

Austin housing salesSeventy-five percent of Americans believe it’s a good time to sell a house, according to recent findings from the National Association of Realtors® and released in its Housing Opportunities and Market Experience (HOME) survey. Sixty-eight percent of Americans think now is a good time to buy a house. The survey also found that most consumers think prices will continue to increase.

While these results are fairly steady from last quarter, the makeup of the results has shifted. Renters collectively have less positive feelings on buying than last quarter, with 55 percent believing it was a good time to buy in the first quarter and 49 percent believing in the second quarter that it is a good time to buy.

Buyers 65 and older have the highest percentage of

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Austin, Texas Real Estate Market Update and Statistics July 2018

Wednesday, July 18th, 2018 at 11:50am. 920 Views

June 2018 Austin-area Home Sales Slow but Still on Track for Record

Austin housing salesAustin-area home sales slowed in June 2018, with a 2.7 percent dip compared to June 2017, according to the Austin Board of REALTORS® June & Midyear 2018 Central Texas Housing Market Report. Despite this, the area “experienced strong and steady growth in the first half of this year,” according to the report.

“Despite a decline in home sales volume across Central Texas in June, 2018 is on track to be another record-setting year for the region’s housing market,” said ABOR President Steve Crorey. “Consecutive years of record-breaking sales activity have set the bar incredibly high, and it’s important to remember that we’re comparing June 2018 figures to that strong activity. The Central

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Austin luxury home sales up 25%, prices down 15% in Eanes ISD so far in 2018

Wednesday, July 4th, 2018 at 3:33pm. 795 Views

Austin luxury homeWe ran the Austin luxury home sale statistics and the results are quite interesting and noteworthy. Please note that we are defining luxury home sales as residential properties of all types (single-family, condos, townhomes, etc.) that sold for $1M or above. We are comparing Jan 1 to June 15 of 2017 compared to the same time frame in 2018 using MLS data (not including private sales). We are using the median sold prices not the average.  
  • There was a 25% increase in luxury homes sold in the greater Austin area (all the ABOR MLS) with a 3% decrease in sold price and a 3% increase in sold price per sq ft
  • 45% of those sales were in Austin ISD, 23% were in Eanes ISD, and 13% were in Lake Travis ISD
  • There was a 26% increase in the number of

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