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September 2018

There are 4 blog entries for September 2018.

International Homebuyers Add $11 billion to Texas Economy from 2017-2018

Friday, September 28th, 2018 at 3:23pm. 867 Views

Austin international home salesInternational homebuyers purchasing Texas real estate added $10.89 billion to the Texas economy from April 2017 to March 2018, according to the Texas Association of REALTORS® Texas International Homebuyers Report. This placed Texas third in the nation for international home sales volume, behind Florida and California, with Arizona and New York rounding out the top five.

During this time period, 10 percent of all home sales by international sellers were in Texas, and nine percent of all homes sales purchased by international buyers were in Texas. Texas was tops with homebuyers from Mexico, with 38 percent of Mexican homebuyers purchasing a United States homes choosing the state. Seven percent of buyers from China chose Texas, with six percent from

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Record Number of Homeowners Believe Good Time to Sell

Thursday, September 27th, 2018 at 12:52pm. 2,706 Views

austin homesA record high of 77 percent of Americans believe it is a good time to sell a house, according to the National Association of Realtors® third quarter 2018 Housing Opportunities and Market Experience survey. As far as buying a home, 63 percent believe it is a good time to buy. Additionally, an almost record 60 percent believe the economy is improving. This is up from 58 percent in the previous quarter and up from 53 percent in the third quarter of last year.

The breakdown for optimism on selling a home was 50 percent strongly believing it is a good time to sell, up four percent from the second quarter, and 27 percent moderately believing it is a good time to sell, compared to 29 percent in the second quarter. Those in the West came in the highest for

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Austin, Texas Real Estate Market Update and Statistics September 2018

Tuesday, September 18th, 2018 at 8:59pm. 719 Views

Highest-grossing August on Record for Central Texas Home Sales Volume

The Central Texas residential real estate market ended the summer selling season with a boom in August 2018, with the month being the highest grossing on record for home sales volume, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Home sales volume in the Austin Metropolitan Statistical Area increased 10.5 percent to reach over $1.2 billion.

“Last month’s housing market activity shows little evidence that the market is slowing as we move into the fall,” said ABOR President Steve Crorey. “More homes are entering the market and pending sales growth remains strong year over year. At the same time, the gains in housing stock have yet to impact housing

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Texas Housing Rebounds in July 2018

Thursday, September 13th, 2018 at 6:25pm. 697 Views

Austin housing salesHousing sales in Texas rebounded in July 2018, with a record level of 29,456 homes sold in Texas through the Multiple Listing Service. This was a 3.8 percent increase over July 2017, with most of the improvement found in homes in the $200,000 to $300,000 range but demand strengthening across the price spectrum, according to Texas Housing Insight by the Real Estate Center at Texas A&M University. This increased demand ended a four-month stretch of inventory increases.

Construction for single-family homes increased 6.3 percent year to date, with Texas leading the nation in new home construction permits issued.  Texas new housing permits accounted for 16 percent of the nationwide total. While Houston and Dallas-Fort Worth topped the state in number of

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