Real Estate Center Chief Economist: Fed Interest Rate Increase Could Be Good
December 21, 2016The Federal Reserve raised a key interest rate by 0.25 percent recently, and Real Estate Center Chief Economist Dr. James Gaines said this increase could have positive impacts on certain markets. Gaines said one immediate result could be an increase in housing demand as buyers seek to take advantage of interest rates before they increaseRead More
Austin, Texas Real Estate Market Update and Statistics December 2016
December 21, 2016Austin-Area Double-Digit Home Sales Increases Likely Indicate Record Year Widespread double-digit single family home sales increases across the Greater Austin area in November 2016 make it likely the area will break sales records for the year, according to the Austin Board of REALTORS® November 2016 Central Texas Housing Market Report. The Austin-Round Rock area sawRead More
Austin, Texas Real Estate Market Update and Statistics November 2016
November 19, 2016Austin Home Sales Increase, Central Texas Sales Decrease in October 2016 In a reverse trend of recent months, sales for single family homes within the City of Austin rose in October 2016 and sales declined across the larger Austin-Round Rock Metropolitan Statistical Area, according to the Austin Board of REALTORS®’ October 2016 Central Texas HousingRead More
Third Quarter Shows Home Price Increases and Slight Dip in Sales
November 17, 2016Austin-area Single-family home prices in the Austin-Round Rock area were up 7.7 percent to $279,900 in the third quarter of 2016, according to the Texas Association of Realtors®’ Texas Quarterly Housing Report. The number of single-family homes sold was down one percent compared to the third quarter of 2015, to 9,249 sales. Of the homesRead More
Austin, Texas Real Estate Market Update and Statistics October 2016
October 18, 2016Austin-area Home Sales and Prices Continue to Rise The median price for Austin-area single-family homes increased to $275,250 in September 2016, an increase of 7.5 percent compared to September of last year, according to the September 2016 Central Texas Housing Market Report by the Austin Board of REALTORS®. Home sales in the Austin-area rose 1.3Read More
International Homebuyers Pump More than $10 Billion into Texas Real Estate
September 27, 2016International homebuyers pumped more than $10 billion into the Texas economy from April 2015 to March 2016, according to the 2016 Texas International Homebuyers report. This amounted to more than 21,000 Texas homes purchased by international buyers, compared to the previous year’s 16,720 Texas homes for a total of $8.32 billion. Of those international buyers,Read More
Austin, Texas Real Estate Market Update and Statistics September 2016
September 19, 2016Austin-area Median Home Prices Up Over Nine Percent Austin-area home prices rose to $289,990 in August 2016, a 9.4 percent increase compared to August 2015, according to the Austin Board of REALTORS® August 2016 Central Texas Housing Market Report. Austin-area home sales also rose in August 2016, with a 5.3 percent increase resulting in 2,985Read More
Few Underwater Homes in Austin, Texas
September 8, 2016Austin, Texas is among the top United States cities with the highest percentage of homes with positive equity, according to CoreLogic and The Home Story. The San Francisco area leads the way with 99.4% of homeowners having positive equity, with Boulder and Urban Honolulu at 99.1%. Fort Collins came in at 98.6%, with Austin, FortRead More
Austin, Texas Real Estate Market Update and Statistics August 2016
August 21, 2016Austin-area Home Sales Down 4.9 Percent, Home Prices up 5.6 Percent Single-family home sales in the Austin-area decreased 4.9 percent in July 2016 compared to July 2015, to 2,900 home sales, but median price saw another increase, rising 5.6 percent to $285,000, according to the July 2016 Central Texas Housing Market Report by the AustinRead More
Austin Housing Market on Pace for Record-Breaking Year
July 19, 2016The Austin home real estate market remains scorching hot and is on pace to surpass the record-breaking numbers of 2015, according to the Austin Board of REALTORS® June 2016 and Mid-Year 2016 Central Texas Housing Market Report. “The Austin-Round Rock housing market is on track to outpace 2015 market levels, which was a record-breaking yearRead More