Austin, Texas Real Estate Market Update and Statistics May 2018
May 18, 2018ABOR report says all price ranges experiencing competition All Austin area real estate price ranges are experiencing pressure due to limited inventory and high demand, according to the Austin Board of REALTORS® Central Texas Housing Market Report based on data from April 2018. Pending sales in the Austin-Round Rock MSA increased 14.3 percent in AprilRead More
Texas Economic Outlook March 2018
March 23, 2018A new report has been issued by the Real Estate Center at Texas A&M University for the Texas economy, and results continue to look strong overall thanks in part to a strong United States economy and increasing energy prices. Issued in mid-March based on January data, the report stated that housing affordability, potential volatility inRead More
Austin, Texas Real Estate Market Update and Statistics March 2018
March 16, 2018Austin Area Home Prices Spike in February 2018 Wondering if this spring would bring a slowdown in the red hot Austin real estate market? Not so far, according to the February 2018 Central Texas Housing Market Report released by the Austin Board of REALTORS®. Prices spiked across the area, according to the report, with theRead More
Austin Named the Top Place to Live in the United States
March 9, 2018In its 2018 rankings, U.S. News & World Report has named Austin, Texas the number one place to live in the United States. With a score of 7.8, the capital city was compared to the 100 most populous metro areas in the U.S. and scored based on value, desirability, job market, and quality of life.Read More
Expect 6.6 Percent Growth in Texas Home Sales in 2018, Says Real Estate Center
February 23, 2018Single family home sales in Texas are expected to increase by 6.6 percent in 2018, according to the Real Estate Center at Texas A&M University, even as builders statewide are continuing to struggle to meet affordable housing needs. It’s a “difficult task” to build homes priced less than $300,000, due to rising land costs andRead More
WalletHub: Austin is the Nation’s Best State Capital
February 20, 2018Austin, Texas is the 2018 best state capital to live in, according to WalletHub, which compared all 50 United States capitals on factors such as affordability, economics, education and health, and living standards. Austin scored a 67.73 on its State Capital Index score, besting second place Madison, Wisconsin by over three points. Boise, Idaho; Lincoln,Read More
Austin, Texas Real Estate Market Update and Statistics February 2018
February 15, 2018January 2018 shows continued strength of Austin-area real estate market: Record-breaking sales and prices could continue Home sales increased across the five-county Austin Metropolitan Statistical Area in January 2018, “setting the pace for what could be another record-breaking year,” according to the Austin Board of REALTORS® January 2018 Central Texas Housing Market Report. Sold pricesRead More
Texas Housing Construction Permits Reach Pre-Recession Levels
January 31, 2018Following a low-momentum period, Texas single-family housing construction permits jumped 17.2 percent in November 2017 to reach pre-recession levels, according to the Real Estate Center at Texas A&M University. In Austin, construction permits were up 24.9 percent, with Dallas permits increasing 13.9 percent. Additionally, the Texas Residential Construction Leading Index reached its highest level sinceRead More
Austin, Texas Real Estate Market Update and Statistics January 2018
January 19, 20182017: Another Record-Breaking Year for Austin-area Real Estate Austin-area real estate achieved another record-breaking year in 2017, with home sales volume increasing 2.4 percent to 30,059 sales and median home price increasing 5.4 percent to $299,900, according to the Austin Board of REALTORS® December and Year-End 2017 Central Texas Housing Market Report. For home salesRead More
Texas Economic Outlook
January 16, 2018The Real Estate Center at Texas A&M University has released its January 2018 outlook for the Texas economy, with major factors robust, including those involved with residential real estate. Housing sales across the state expanded, despite “shortages of homes priced under $300,000,” which is making entry level and starter home purchases potentially more difficult forRead More