The who, what, where, when, and why of everything that makes Austin a special place to live!
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Tuesday, February 20th, 2018 at 2:35pm. 111 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. 521 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. 589 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. 657 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. 579 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. 776 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…
Wednesday, November 15th, 2017 at 5:34pm. 651 Views
Even after Hurricane Harvey in August 2017, which resulted in 71,000 uninhabitable homes, the Texas housing market experienced a rebound in September 2017, according to the Real Estate Center at Texas A&M University. The Houston market represents 25 percent of the Texas housing market, and with uninhabitable homes plus 270,000 damaged homes in the Gulf Coast metropolitan statistical areas, additional pressure has been placed on inventory as people search for new places to live. Houston sales postponed from late August to September also were a driving force in increasing Texas home sales 2.6 percent.
Sales did decline in many areas when compared to 2016’s record-breaking sales. Austin experienced a 4.5 percent decline in home sales, and Dallas…
Monday, October 30th, 2017 at 5:41pm. 722 Views
Longtime residents of Austin, Texas might be heard saying, “This city sure has changed.” And they’d be right, according to a MagnifyMoney study, which named Austin the most changed metro area in the United States over the last ten years.
Looking at nine elements of change from 2006 to 2016 among the 50 largest metros, Austin ranked number one with a score of 90.4 out of 100. Change factors included commute times, building permits, median age, employment, income, housing prices, rent, crime rate, and recent moves.
From these factors, Austin had the fastest job growth in the nation, increasing 40+ percent since 2006. And a staggering 60 percent of Austin residents have moved since 2010, for a third in the nation score. This mobility is even with…
Friday, October 27th, 2017 at 4:15pm. 637 Views
Even with the impacts of Hurricane Harvey, the Texas economy is continuing to create more jobs, according to the Monthly Review of the Texas Economy by Ali Anari with the Real Estate Center at Texas A&M University.
From September 2016 to September 2017, Texas gained 256,100 nonagricultural jobs for an annual growth rate of 2.1 percent. The national growth rate for the same time period was 1.2 percent. Texas nongovernmental jobs increased by 230,300, and this created an annual growth rate of 2.3 percent. The national growth rate was 1.4 percent. Job creation was led by the metro areas of Corpus Christi, College Station-Bryan, El Paso, Midland, Dallas-Plano-Irving, Fort Worth-Arlington, Austin-Round Rock, and Odessa.
The only industry not to add more…
Tuesday, September 19th, 2017 at 1:14pm. 785 Views
CBRE Inc. ranked Austin, Texas number eight on its Tech Talent Scorecard for 2017 that ranked large metro areas in the United States and in Canada. This is a drop from Austin’s 2016 number five ranking, but it still highlights the city’s tech focus and business friendly reputation, according to the report.
Austin received a total score of 58.73. Total tech talent in Austin has seen 28.3 percent growth from 2011, with employment in 2016 at 68,810. The average wage is $91,443, an increase of 7.6 percent from 2011 to 2016.
With its employment breakdown, based on April 2017’s U.S. Bureau of Labor Statistics data, the highest paid tech talent was for Computer & Information Systems Managers, who had an average wage of $154,140. This was followed by…