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March 2019

There are 3 blog entries for March 2019.

Review of the Texas Economy

Saturday, March 30th, 2019 at 5:04pm. 508 Views

Austin jobs employmentThe state of Texas continues to outpace the United States in job growth and added 268,800 nonagricultural jobs from February 2018 to February 2019, according to the Real Estate Center at Texas A&M University. This equaled a 2.2 percent growth rate, compared to 1.7 percent for the nation's employment growth rate. Nongovernment jobs were added to a total of 256,000 in Texas, for an annual state job growth rate of 2.5 percent, compared to 1.9 percent nationally.

Unemployment in Texas in February 2019 was 3.8 percent, down from 4.1 percent in February 2018. The nation’s unemployment rate also decreased, from 4.1 percent to 3.8 percent.

The mining and logging sector experienced the strongest growth among Texas sectors, with an 8.41 percent change

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Monthly Texas Housing Insight

Thursday, March 28th, 2019 at 5:37pm. 370 Views

Austin home pricesThe Texas housing market remained strong in Texas in January 2019, fueled by a healthy labor market, population growth, and economic expansion, according to the Real Estate Center at Texas A&M University’s March 2019 Texas Housing Insight report.

Housing sales increased 1.2 percent, led by a rebound of home sales under $200k, which accounted to 41 percent of total sales. The Real Estate Center says that homes from $200k-$400k account for about half of Texas MLS sales.

Austin home sales increased 4.3 percent overall, with “strong gains for homes priced more than $300,000.” In San Antonio, homes under this amount experienced 6.5 percent growth. North Texas sales fell for the third month in a row, with a 2.4 percent decrease in Dallas and a 2.6 percent

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Austin, Texas Real Estate Market Update and Statistics March 2019

Thursday, March 21st, 2019 at 11:08am. 555 Views

February 2019 Home Sales Break Record

Austin home pricesMore Central Texas homes were sold in February 2019 than in any previous February, according to the Austin Board of REALTORS® February 2019 Central Texas Housing Market report. Sales increased six percent from February 2018 to 2,101 sales.

"We've been hearing from our members that buying and selling activity has really picked up over the past month," said ABOR President Kevin P. Scanlan. "We're seeing a lot of development in North Austin, as major tech employers are looking for space with ample room for housing development and access to major transportation arterials.”

Median home price in the Austin area for February 2019 was $295,000, a 0.3 percent decrease compared to $296,000 in February 2018. Inventory

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