Austin, Texas Real Estate Market Update and Statistics December 2018

December 19, 2018

November 2018 Home Sales Notch Austin Area Closer to Record Year The Austin-area housing market looks to be on track for another record-breaking year, following a slight increase in sales volume in November 2018. Sales volume in the Austin-Round Rock Metropolitan Statistical Area increased 0.7 percent compared to November 2017, according to the Austin BoardRead More

2018 Texas Luxury Home Sales Top $8.3 Billion

December 12, 2018

Double digit increases in both Texas luxury home sales and home sales volume made this segment of homes “a strong driver of the Texas housing market” during the first 10 months of 2018, according to a release from the Texas Association of REALTORS® based on information in the 2018 Texas Luxury Home Sales Report. HomesRead More

Technology and REALTORS® Comprise Today’s Home Buyer Process

December 12, 2018

Homebuyers today are relying heavily on both technological resources and their Realtors® as they navigate the process of home shopping and closing, according to the National Association of Realtors®’ Real Estate in a Digital Age report. According to the report, finding the right home ranked as the most difficult step in purchasing a home, andRead More

Texas Housing Construction Highest since 2008

November 30, 2018

In September 2018, current home construction activity in Texas reached the highest level since 2008, according to the latest report from the Real Estate Center at Texas A&M University. While the Residential Construction Cycle (Coincident) Index reached a recent high, the Leading Index ticked down for the first time in 2018. Austin developed 11,339 newRead More

Texas Job Growth Outpaces U.S.

November 30, 2018

Nonagricultural job growth in Texas nearly doubled that of the United States, with a 3.1 percent increase from October 2017 to October 2018, compared to 1.7 percent for the U.S., according to the Real Estate Center at Texas A&M’s Monthly Review of the Texas Economy. Nongovernment jobs also increased: 3.7 percent in Texas compared toRead More

Austin, Texas Real Estate Market Update and Statistics November 2018

November 16, 2018

Austin-Area Experiences Record-Breaking Home Sales for October 2018 October 2018 home sales in the Austin area were the highest on record for any October, increasing 8.8 percent to top $900 million, according to the Austin Board of REALTORS® October 2018 Central Texas Housing Market Report. Additionally, sales volume increased 4.3 percent compared to last October,Read More

Texas Almost Doubles U.S. Job Creation Rate

October 31, 2018

Texas gained nonagricultural jobs at a rate of 3.3 percent from September 2017 to September 2018, almost doubling the nation’s growth rate of 1.7 percent, according to the Monthly Review of the Texas Economy by the Real Estate Center at Texas A&M University. Nongovernment jobs also almost doubled that of the United States’ rate, withRead More

New Home Construction in Texas Gains Momentum

October 31, 2018

New home construction in the state of Texas is gaining steam, according to the most recent Texas Housing Insight report by the Real Estate Center at Texas A&M University. Construction permits for single-family homes increased 14.1 percent year-to-date (to August 2018), with Texas remaining the leader across the United States with 16 percent of totalRead More

Texas Home Sales on Track for Record-Breaking Year

October 30, 2018

Texas real estate is trending toward another record-breaking year in 2018, following an increase in third quarter sales and prices, according to the Texas Association of REALTORS® Texas Quarterly Housing Report. Home sales were up 4.4 percent for the quarter when compared to the third quarter of 2017, and median price also was up 4.4Read More

Austin, Texas Real Estate Market Update and Statistics October 2018

October 19, 2018

Steady September 2018 for Austin Real Estate The Austin area real estate market held fairly steady for the month of September 2018, with a less than one percent decrease in number of sales and an almost six percent increase in dollar volume, according to the Austin Board of REALTORS® September 2018 Central Texas Housing MarketRead More