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February 2019

There are 3 blog entries for February 2019.

Experts Say Cooler 2019, Stronger 2020 for Texas Housing

Thursday, February 28th, 2019 at 12:45pm. 459 Views

Austin home pricesExperts with the Real Estate Center at Texas A&M University say that single family home sales will slow in 2019 and then bounce back in 2020. “This cooling period is necessary after multiple years of explosive growth, allowing the market to adjust in areas of extreme shortages and rapid affordability declines,” a release stated. Median price per square foot still is expected to increase by about four percent in major Texas cities.

In 2018, sales in the Texas housing market increased 1.7 percent. While a modest increase, home sales reached a record number. The report cited low inventory and decreasing affordability for the lessened rate of increase. And, while there was more construction activity, a shortage of homes under $300k stressed “more than

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Texas 18th Nationwide for Homeowner Costs

Wednesday, February 27th, 2019 at 7:19pm. 458 Views

Austin home pricesTexas is 18th in the nation for average annual homeowner cost among those who have a mortgage, based on 2017 United States Census Data compiled by Ali Anari with the Real Estate Center at Texas A&M University. These costs include real estate taxes, insurance premiums, utility payments, and property debts. Housing costs on median in the state were $18,156 per year.

The city with the highest cost in Texas was Frisco, which had costs substantially higher than median at $30,936. Next was The Woodlands at $29,016, Sugar Land at $28,044, Flower Mound at $27,084, Cedar Park at $25,716, and McKinney at $25,008. Austin skirted past the top ten most expensive and was in place eleven with a yearly cost of $23,028. Round Rock was 14th with $20,880.

On the low

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Austin, Texas Real Estate Market Update and Statistics February 2019

Monday, February 25th, 2019 at 9:20am. 667 Views

Austin-area Home Sales Flat, Median Price Appreciation Slows

Austin housing salesAustin-area home sales decreased by 1.8 percent in January 2019, while median price increased 2.4 percent to $296,999, according to the Austin Board of REALTORS®  January 2019 Central Texas Housing Market report. Housing inventory was still extremely tight, with a 2.3 month supply even following a 0.4 month increase for the month.

"In December 2018, new listings on the market returned to more normal levels compared to December 2017. This resulted in a slight decrease in January sales this year," said ABOR President Kevin P. Scanlan. “However, even though we are seeing slowing home price appreciation, future homeowners are still buying. That means Austin’s market remains extremely

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