Texas Economy Still Outpaces Nation
September 26, 2023Despite national economic headwinds, the Texas economy continued to show positive signs, with payroll reaching new heights, expanding 3.3 percent year over year, according to the latest Outlook for the Texas Economy from the Texas Real Estate Research Center. Texas had a high workforce participation rate of 64.2 percent, and unemployment remained steady at 4.1Read More
Go Big and Go Austin
August 25, 2023Austin, Texas homes are some of the biggest in the nation. And the lots, too. Austin homes ranked third in the nation for biggest homes, coming in at 2,020 square feet, according to a Storage Cafe report. Yard size came in at 8,620 square feet, ranking 12th in the nation. This placed Austin as sixthRead More
Luxury Master-planned Community underway in Spicewood
June 21, 2023The first phase of Thomas Ranch in Spicewood broke ground this June. The 2,200-acre luxury community off Highway 71 in the Texas Hill Country will offer 3,500 homes when complete, as well as two miles of riverfront, 40 miles of trails, 1,200 miles of preserved or improved open space, a golf course, a boutique hotelRead More
Texas Economic Outlook Remains Robust
March 6, 2023The Texas economy continues to perform, even with national headwinds. “Despite stubborn inflation growth and overall economic uncertainty, the Texas economy has remained robust,” stated a monthly economic report from the Texas Real Estate Research Center. Employment has continued to increase, and the Texas economy created 29,500 new jobs in December. As a result, theRead More
Construction to Begin on Four Seasons Private Residences
March 2, 2023Construction on the Four Seasons Private Residences Lake Austin will begin June 1, 2023, according to filings by Hines and Austin Capital Partners, as reported by Connect CRE. The expected cost to build the project is $830 million. “The new Lake Austin residential community will be distinguished by its modern architecture, private waterfront access, unmatchedRead More
Texas Economy Expands But More Slowly
September 30, 2022While 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
Texas’ Post-Pandemic Population Boom
March 16, 2022While Texas has had a population boom “for the past decade thanks to its pro-business environment, relatively affordable housing, and friendly charm,” the “onset of COVID in 2020 brought another wave of newcomers,” according to Take Me To Texas: Post-Pandemic Population Boom by Joshua Roberson with Texas Real Estate Research Center. Between the summers ofRead More
New Luxury Home Project Coming to Dripping Springs
February 24, 2022Southern Land Company has purchased approximately 70 acres of land in Dripping Springs for a high-end, luxury home community. In a scenic and secluded area near Treaty Creek Distilling at the end of Silver Creek Road, the community will offer 10 homes on 1.5-acre lots and 17 homes on two-acre lots. Nineteen of these homesRead More
Texas Jobs Continue to Grow
January 28, 2022Texas added 50,000 jobs in December 2021, a 0.4 percent increase over November and the 19th month out of the last 20 that the state has added jobs, according to the Texas Real Estate Research Center. The 0.4 percent increase in jobs quadrupled the nation’s growth rate. Texas has recovered all jobs (in terms ofRead More
“Insatiable Appetite” for Texas Land, with Highest Demand in Central Texas
December 28, 2021In the Austin-Waco-Hill Country region, “Brokers have buyers lined up” for land purchases, according to Texas Real Estate Research Center at Texas A&M University Research Economist Dr. Charles Gilliland. “If you want property in this region, take a number.” In the third quarter of 2021, Austin-Waco-Hill Country land sold for $5,290 per acre, a 30Read More
