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Luxury Housing Development Coming to Lake Austin

July 8, 2024

Lake Austin will be home to a new luxury housing development from Turnbridge Equities, Austin Capital Partners, and Four Seasons Hotel and Resorts. The development will be named the Four Seasons Private Residences Lake Austin and will be set on 145 acres on Bridge Point Parkway, with views of Pennybacker Bridge, the hills of WestRead More

Texas Land Market First Quarter 2024

June 20, 2024

Statewide, annual sales volume for large land purchases in the first quarter of 2024 was down 34.7 percent year-over-year to 3,573, according to the Texas Land Market Latest Developments report by the Texas Real Estate Research Center. On a quarterly basis, sales dipped 13 percent from the last quarter of 2023 to the first quarterRead More

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MSA housing inventory reaches highest level in 13 years

June 13, 2024

In May, the Austin-Round Rock-Georgetown MSA saw a 12.8% decline in closed listings with 4.9 months of available inventory, a level that hasn’t been seen in 13 years according to the latest Central Texas Housing Report released by Unlock MLS. Meanwhile, active listings ticked up 37.7% year-over-year. Because of this increase in available options, buyersRead More

Texas Economy Remains Strong in 2024

May 15, 2024

Despite headwinds from high interest rates and inflation, the Texas economy showed positive signs during the first quarter of 2024, according to the Texas Real Estate Research Center. Employment was a big winner, with 49,800 nonfarm workers added in February. Austin had the biggest increase, adding 11,400 new jobs, a 0.8 percent month over monthRead More

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Austin-area MSA experiences boost in sales as median price holds steady

May 13, 2024

AUSTIN, Texas —In April, closed listings across the Austin-Round Rock-Georgetown MSA increased 5.9% to 2,708 sales, the highest year-over-year increase in residential homes sold this year, while the median home price rose 1.1% to $469,998. The data demonstrates that there is a collective sense of confidence and optimism in the housing market among both homebuyersRead More

Texas Real Estate Continues to Grow

April 23, 2024

Texas home sales, home prices, and new construction starts and permits continue to increase despite headwinds from interest rates, according to Texas Housing Insight by the Texas Real Estate Research Center. In the latest report, home sales in Texas increased 3.6 percent month over month, with 29,999 more homes sales. Of Texas’ big cities, SanRead More

379 Steamboat Crossing, Dripping Springs, Texas 78620 Paul and Maureen Dyson

Housing inventory increases across MSA, four months of inventory available in multiple markets

April 12, 2024

AUSTIN, Texas —In March, new home listings across the Austin-Round Rock-Georgetown MSA jumped to 4,714 new listings, 10.2% more than March 2023, leading to multiple markets reaching four months of inventory, according to the latest Central Texas Housing Report released by Unlock MLS. The data indicates that homeowners have confidence in their ability to sellRead More

Texas Luxury Home Sales Down in 2023

March 25, 2024

The number of Texas luxury homes – homes that sold for $1 million or higher – decreased 16 percent from November 2022 to October 2023 compared to the prior year, according to the Texas Association of Realtors®. At about $19.5 billion in total luxury home sales, this is similar to the period from November 2020Read More

4311 Bennedict Mandy Smith

February data reveals increased opportunities for first-time homebuyers

March 24, 2024

AUSTIN, Texas —In February across the Austin-Round Rock-Georgetown MSA, new listings jumped 44.9% to 3,915 listings bringing the total months of inventory for the region to 3 months, up 0.1 months more than February 2023, according to the latest Central Texas Housing Report released by Unlock MLS. The data indicates that sellers are feeling moreRead More

Texas Attracts Almost Half a Million New Workers

February 26, 2024

Texas attracted 497,454 potential workers over the past 12 months, according to the Texas Real Estate Research Center’s Outlook for the Texas Economy. This rate continues to “surpass the record-high total labor force according to the household survey.” The unemployment rate fell to 4 percent, the first decrease since April 2023, while the participation rateRead More

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