The who, what, where, when, and why of everything that makes Austin a special place to live!
There are currently 434 blog entries related to this category.
Friday, May 25th, 2018 at 10:50am. 238 Views
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…
Monday, April 30th, 2018 at 3:05pm. 284 Views
The Texas economy continues to be strong, according to the Outlook for the Texas Economy Report by the Real Estate Center at Texas A&M University. A strong United States economy and stable energy prices were the predominant factors cited in the report. Texas produces 39 percent of national crude oil and accounts for 84 percent of its exports. Here are a few of the key findings in the April 2018 report:
For the Dallas Fed’s Business-Cycle Index, the Texas Urban Triangle was led by Austin, with an 8.5 percent metropolitan business cycle index. Dallas and San Antonio came in at 3.6 percent and 3.7 percent, respectively. Houston declined but still hit 5.9 percent.
The Texas Consumer Confidence Index reached a record high, with an increase of two…
Friday, April 27th, 2018 at 11:59am. 311 Views
The Texas economy is continuing to outpace the United States economy in job creation, even with a strong performance nationally, according to the Real Estate Center at Texas A&M University’s Monthly Review of the Texas Economy.
From March 2017 to March 2018, Texas gained 294,100 nonagricultural jobs for a 2.4 percent growth rate, compared to a U.S. growth rate of 1.5 percent. During the same time period, Texas gained 289,100 nongovernment sector jobs for a 2.8 percent growth rate, compared to a U.S. growth rate of 1.8 percent.
The seasonally adjusted unemployment rate in Texas for March 2018 was four percent, compared to a 4.6 percent rate in March 2017. The unemployment rate nationally was 4.5 percent, compared to 4.1 percent in March 2017. Austin…
Thursday, March 8th, 2018 at 7:01pm. 561 Views
In its 2018 rankings, U.S. News & World Report has named Austin, Texas the number one place to live in the United States. With a score of 7.8, the capital city was compared to the 100 most populous metro areas in the U.S. and scored based on value, desirability, job market, and quality of life.
Austin’s individual rankings included a score of 8.4 for desirability, 7.3 for value, 7.5 for job market, 7.3 for quality of life, and 9.8 for net migration. About 50 people per day move to Austin, according to the report, and the latest data put the area at a population of 1,889,094.
Austin’s unemployment rate was listed at 3.2 percent, with the top employment industries being Health Care and Social Assistance; Professional, Scientific, and Technical…
Tuesday, February 20th, 2018 at 2:35pm. 466 Views
Austin, Texas is the 2018 best state capital to live in, according to WalletHub, which compared all 50 United States capitals on factors such as affordability, economics, education and health, and living standards. Austin scored a 67.73 on its State Capital Index score, besting second place Madison, Wisconsin by over three points. Boise, Idaho; Lincoln, Nebraska; and Bismarck, North Dakota rounded out the top five.
Of the 50 capital cities, Austin came in second for highest median income, second for lowest premature death rate, and had the second highest level of millennial newcomers. It came in third for its number of attractions. Austin had the fifth highest percentage of adults with a bachelor’s degree or higher.
Austin’s overall affordability…
Tuesday, January 16th, 2018 at 2:35pm. 724 Views
The Real Estate Center at Texas A&M University has released its January 2018 outlook for the Texas economy, with major factors robust, including those involved with residential real estate.
Housing sales across the state expanded, despite “shortages of homes priced under $300,000,” which is making entry level and starter home purchases potentially more difficult for many buyers. Residential construction activity held steady. And the Residential Construction Leading Index reached its highest level since April 2017, with increased weighted building permits and housing starts. The report stated that this signaled residential construction activity improvements through the end of 2018.
Rebuilding efforts around the Texas Gulf Coast contributed to 8,200…
Friday, December 29th, 2017 at 2:46pm. 837 Views
Austin, Texas is a top United States city for tech-savvy millennials, according to Forbes. Austin, along with Denver, Seattle, Pittsburgh, Durham, and Minneapolis were recently featured cities that provide millennials “the social, cultural and intellectual stimulation that they seek,” as well as an affordable cost of living. Forbes said the key to success for millennials, those born between 1981 and 1987, is moving to a city with “burgeoning tech companies that create good career opportunities.”
Citing Austin’s reasons for placement on the list, Austin was noted as having approximately 21.4 percent of residents between ages 25 and 34. Interestingly, it also has been ranked top in the world for internet speed. Austin did get dinged for temporarily not…
Thursday, December 21st, 2017 at 12:55pm. 778 Views
Mother Against Drunk Driving hosted its 20th annual Austin Jingle Bell 5K recently at the Domain. With thousands of participants, the event is designed to bring awareness to the issues of drunk driving, drugged driving, and underage drinking.
Regent Property Group Broker Brian Talley and Regent Co-owner Erika Talley hosted a booth at the family friendly event. Brian’s motivation for supporting the event stems from his experiences; he was rear-ended by a drunk driver while in high school and also was witness to a drunk driver receiving his ninth Driving While Intoxicated citation. Unfortunately, he says, “We have all heard of people killed from a drunk driver, and many may have a personal experience.”
The Jingle Bell 5K included a chip-timed 5K for…
Thursday, November 30th, 2017 at 3:31pm. 659 Views
Interested in a piece of Texas land? A recent slowdown in price increases indicates this may be a good time to jump into the land market. According to a report by the Real Estate Center at Texas A&M University’s Charles E. Gilliland and Tian Su, Texas land markets in the third quarter of 2017 experienced their lowest year-over-year price increases since fourth quarter 2015. While the market still experienced an increase, the Center reports the “Texas land markets seemed headed for a breather” following a rebound the previous three quarters.
The statewide gain for land market prices was at 1.78 percent year-over-year. This “muted” price increase, compared to the levels of 2013 to 2015, was the result of 5,766 total land transactions, an active total…
Friday, November 17th, 2017 at 4:43pm. 854 Views
2017 on pace to be another record-breaking year
The real estate market for the Austin-Round Rock Metropolitan Statistical Area is poised for another record-breaking year in 2017, following an increase in home sales in October 2017. According to the Austin Board of REALTORS® Central Texas Housing Market Report, Austin-area single family home sales in October increased 2.2 percent over 2016 to 2,292 home sales.
Fueling this increase were county sales, with Travis County increasing 1.4 percent to 1,124 home sales, Williamson County increasing 5.4 percent to 794 home sales, and Hays County increasing 6.2 percent to 274 home sales. The city of Austin experienced a decline in home sales compared to last year, with a decrease of 1.7 percent to 699 home…