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Record Number of Homeowners Believe Good Time to Sell

September 27, 2018

A record high of 77 percent of Americans believe it is a good time to sell a house, according to the National Association of Realtors® third quarter 2018 Housing Opportunities and Market Experience survey. As far as buying a home, 63 percent believe it is a good time to buy. Additionally, an almost record 60Read More

Texas Housing Rebounds in July 2018

September 13, 2018

Housing sales in Texas rebounded in July 2018, with a record level of 29,456 homes sold in Texas through the Multiple Listing Service. This was a 3.8 percent increase over July 2017, with most of the improvement found in homes in the $200,000 to $300,000 range but demand strengthening across the price spectrum, according toRead More

2018: Texas Condominium Sales Slightly Down, Townhome Sales Up

August 16, 2018

Texas condominium sales dropped 2.1 percent from July 2017 to June 2018, while townhome sales increased 6.3 percent, according to the Texas Association of REALTORS® 2018 Texas Condominium Sales Report. “Despite the slight decrease in sales, the Texas condominium and townhome market remains one of the most popular segments of the Texas housing market,” saidRead More

Aerial view of downtown Austin

Texas Economic Expansion Continues

July 22, 2018

Increases in energy and manufacturing activity led to a continued expansion in the Texas economy for May 2018, according to the Real Estate Center at Texas A&M University. Workers also are being drawn back into the workforce, due to low unemployment. The Dallas Fed’s Business-Cycle Index rose 5.5 percent, to its highest level since 2014.Read More

First Quarter 2018 Texas Housing: Sales Up, Prices Up

June 18, 2018

For the first quarter of 2018, Texas home sales and Texas home prices both increased, while inventory and active listings decreased, according to the Texas Association of REALTORS® Texas Quarterly Housing Report. “The momentum from the end of 2017 has moved into 2018, as Texas homes continue to be in high demand,” said TAR ChairmanRead More

Texas Small Land Sales Increase

June 18, 2018

Small land sales in Texas increased 8.5 percent to 7,588 sales in 2017, the fifth straight year for an increase, according to the Texas Association of REALTORS® Texas Small Land Sales Report. Sales total dollar volume topped $1 billion for the first time. However, the average price per acre experienced a 2.2 percent decline toRead More

Outdoor Home Projects Offer Financial Returns and Owner Satisfaction

May 25, 2018

Thinking about remodeling? Homeowners should consider looking outdoors for their next upgrade, as outdoor projects can bring both financial reward and owner satisfaction, according to the National Association of Realtors®’and National Association of Landscape Professionals’ 2018 Remodeling Report: Outdoor Features. The report looked at 13 outdoor residential projects and found that Realtors® ranked standard lawnRead More

Austin Housing Starts Up Almost 18 Percent in First Quarter of 2018

May 23, 2018

Austin housing starts for the first quarter of 2018 were up 17.6 percent compared to the first quarter of 2017, for a total of 4,064 housing starts, according to Metrostudy. Annual new home starts increased 4.5 percent to 16,457. Attached homes, generally more affordable than single family homes, have seen significant gains, with 353 percentRead More

Surge in Mortgage Applications Follows Recent Lower Rates

September 15, 2017

Mortgage applications surged in mid-September 2017, with applications for home purchases and refinances jumping 9.9 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association and as reported by Realtor® Magazine. Mortgage rates were among the lowest of the past year, with the 30-year fixed-rate mortgage rate averaging 4.03 percent during the weekRead More

Mortgage Rates Continue to Drop

June 9, 2017

Thirty-year mortgage rates hit their lowest level in almost seven months during the week ending June 8, 2017, falling to 3.89 percent, according to Freddie Mac data as reported by Realtor® Magazine. The article suggests “home buyers may want to rush to lock in” their rates. The 10-year Treasury yield dropped three basis points duringRead More