Texas, Austin New Home Permits Reach 10-Year High

July 18, 2017

New home single-family construction permits in Texas reached a 10-year high in March 2017, with 10,481 permits issued, an 11.5 percent increase, according to Dr. Luis Torres, a research economist with the Real Estate Center at Texas A&M University. Austin’s 1,547 new home permits were also the most the capital city has seen in aRead More

Austin, Texas Real Estate Market Update and Statistics June 2017

June 16, 2017

Austin-area Home Sales Dollar Volume Hits All-Time High in May 2017 Austin-area home sales hit a record breaking total of $1,234,617,317 for the month of May 2017, an 18.4 percent increase over May 2016, according to the Austin Board of REALTORS® May 2017 Central Texas Housing Market Report. This over $1.2 billion total was helpedRead More

Austin, Texas Real Estate Market Update and Statistics May 2017

May 17, 2017

Home Sales Up in Austin and Surrounding Areas Home sales in the Austin Metropolitan Statistical area increased 3.2 percent in April 2017 compared to April 2016, for a total of 2,640 home sales, according to the April 2017 Austin Board of REALTORS­® Central Texas Housing Market Report. Within the city of Austin, home sales increasedRead More

Austin, Texas Real Estate Market Update and Statistics April 2017

April 24, 2017

Homes Sales Neutral in Austin and Greater Austin Home sales in Austin and Greater Austin were relatively neutral in March 2017. Within the city, home sales increased 1.2 percent compared to March 2016 to 780 home sales, according to the Austin Board of REALTORS® March 2017 Central Texas Housing Market Report. In the Austin-Round RockRead More

Single Women in Texas Buy Twice as Many Homes as Single Men

April 21, 2017

Texas homebuyers are becoming increasingly diverse, with more single and minority homebuyers, according to the Texas Homebuyers and Sellers Report 2017 Edition, released by the Texas Association of REALTORS®. Single homebuyers now represent 28 percent of all homebuyers, spurred by increases in sales by both male and female single homebuyers. Single female homebuyers increased fiveRead More

Austin, Texas Real Estate Market Update and Statistics March 2017

March 18, 2017

Austin-area Home Sales Flat in February 2017, while Prices Rise Austin-area single family home sales increased 0.9 percent in February 2017 compared to February 2016, resulting in 1,829 home sales. Median price, meanwhile, continued its climb, rising 6.5 percent to $287,000, according to the Austin Board of REALTORS® February 2017 Central Texas Housing Market Report.Read More

Austin, Texas Real Estate Market Update and Statistics February 2017

February 20, 2017

Austin Real Estate: Strong January to Start 2017 The Austin area experienced strong real estate gains in January 2017, starting the year with a seven percent increase in home sales, according to the Austin Board of REALTORS® January 2017 Central Texas Housing Market Report. The City of Austin kicked off the year with a 9.8Read More

Austin Median Home Prices vs. Median Family Income

February 17, 2017

A recent KVUE article reported that housing prices have risen faster in Austin than anywhere in the country and that salaries are not keeping pace with the increase. Looking at the past 26 years of data, KVUE found that family income rose 97 percent, while median home prices rose 290 percent. This means a family originallyRead More

Job Growth in Texas Continues to Outpace Nation

January 30, 2017

Texas job creation grew by 1.8 percent annually from December 2015 to December 2016, with an increase of 213,500 nonagricultural jobs. This is compared to a 1.4 percent increase in the United States, according to the Monthly Review of the Texas Economy by Ali Anari at the Real Estate Center at Texas A&M University. NongovernmentalRead More

Texas Housing Starts Down, Overall Prices Look to Continue Increasing

January 30, 2017

Texas housing starts decreased 11.3 percent in November 2016 compared to November 2015, once seasonally adjusted. This continues a negative trend for housing starts that began in late-summer 2016, according to a report by the Real Estate Center at Texas A&M University and authored by James P. Gaines, Luis B. Torres, and Wayne Day. However,Read More