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Texas Housing Insight

November 17, 2022

The housing market in Texas “continues to cool,” according to Housing Insight by the Texas Real Estate Research Center. The report cited increasing mortgage interest rates as the cause of diminishing housing affordability and, thus, demand. In September 2022, home sales fell 15.5 percent in Texas, according to the report. “Under the aggressive monetary policies,Read More

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Austin-Round Rock MSA home prices stabilizing

November 17, 2022

October housing inventory gains inch region closer to a balanced housing market AUSTIN, Texas — According to the Austin Board of REALTORS® October 2022 Central Texas Housing Market Report, median home prices across the MSA continued their recent trend of more stable and sustainable appreciation even while hitting $474,900—a record for the month of October.Read More

Texas Rural Land-Buying Frenzy Wanes

October 26, 2022

The rural land frenzy Texas experienced during and post-pandemic appears to be waning. According to Texas Land Market Latest Developments by the Texas Real Estate Research Center at Texas A&M University, rural land sales volume in Texas dropped 26.5 percent from mid-2021 to mid-2022. TRERC Research Economist Dr. Charles Gilliland said, “Clearly, activity appears toRead More

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Buyers gain leverage in Austin-Round Rock housing market as sales decline, price-growth slows

October 25, 2022

AUSTIN, Texas — In September, the Austin–Round Rock MSA housing market continued to return to normal activity with more available supply and a softer appreciation of home price growth according to the latest Central Texas Housing Market Report released by the Austin Board of REALTORS®. Home sales declined 18.5% to 2,992 closed listings as activeRead More

Texas Economy Expands But More Slowly

September 30, 2022

While the Texas economy does appear to be “losing some steam,” according to a report from The Real Estate Research Center at Texas A&M University, it is still experiencing “impressive” growth. For example, in July 2021 statewide year-over-year (YOY) growth was 13 percent compared to 12 percent in July of 2022. Austin had the biggestRead More

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Normal price growth and increasing inventory contribute to Austin-Round Rock MSA housing market’s continued stabilization

September 28, 2022

Housing inventory reaches highest level since September 2018 AUSTIN, Texas — The Austin-Round Rock MSA housing market continued its normalizing trend for the third consecutive month, boosted by a more sustainable rate of price growth and more available supply, according to the Austin Board of REALTORS® August 2022 Central Texas Housing Market Report. Active listingsRead More

Austin-Round Rock MSA housing market continues to normalize as price growth slows, inventory rises

August 18, 2022

Home price growth in single digits for first time since June 2020 AUSTIN, Texas — The Austin-Round Rock MSA housing market continued to trend towards more normal and sustainable levels in July, according to the Austin Board of REALTORS® July 2022 Central Texas Housing Market Report. Median price grew by only 8% year over yearRead More

Austin Luxury Home Sales Nearing Volume of Houston, DFW

July 20, 2022

All four major metros in Texas have seen significant increases in luxury home sales compared to pre-pandemic levels, with “Austin showing particularly strong momentum,” according to the Texas Real Estate Research Center at Texas A&M University. In Houston, Dallas-Fort Worth, and San Antonio, the number of luxury homes sold during the first five months ofRead More

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Austin-Round Rock MSA begins return to pre-pandemic housing market activity

July 18, 2022

Long-awaited gains in housing inventory contribute to slower price growth, market stabilization in first half of 2022 AUSTIN, TX — According to the Austin Board of REALTORS® June and Mid-Year 2022 Central Texas Housing Market Report, a triple-digit gain in active listings year over year pushed housing inventory levels over two months in the Austin-RoundRead More

Economic Outlook in Texas

June 30, 2022

“In coming months, the Texas economy will face either prolonged high inflation, the pain that tends to follow from fighting inflation, or possibly both,” said the Texas Real Estate Research Center in an article entitled, “Outlook for the Texas Economy.” Headline inflation as reported by the Bureau of Labor Statistics increased 8.5 percent in MarchRead More

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