Austin, Texas Real Estate Market Update and Statistics November 2017

November 17, 2017

2017 on pace to be another record-breaking year The real estate market for the Austin-Round Rock Metropolitan Statistical Area is poised for another record-breaking year in 2017, following an increase in home sales in October 2017. According to the Austin Board of REALTORS® Central Texas Housing Market Report, Austin-area single family home sales in OctoberRead More

Texas Housing Market Rebounds after Hurricane

November 15, 2017

Even after Hurricane Harvey in August 2017, which resulted in 71,000 uninhabitable homes, the Texas housing market experienced a rebound in September 2017, according to the Real Estate Center at Texas A&M University. The Houston market represents 25 percent of the Texas housing market, and with uninhabitable homes plus 270,000 damaged homes in the GulfRead More

Austin: United States’ Most Changed City

October 30, 2017

Longtime residents of Austin, Texas might be heard saying, “This city sure has changed.” And they’d be right, according to a MagnifyMoney study, which named Austin the most changed metro area in the United States over the last ten years. Looking at nine elements of change from 2006 to 2016 among the 50 largest metros,Read More

Even with a Hurricane, Texas Economy Thrives

October 27, 2017

Even with the impacts of Hurricane Harvey, the Texas economy is continuing to create more jobs, according to the Monthly Review of the Texas Economy by Ali Anari with the Real Estate Center at Texas A&M University. From September 2016 to September 2017, Texas gained 256,100 nonagricultural jobs for an annual growth rate of 2.1Read More

Austin, Texas Real Estate Market Update and Statistics October 2017

October 24, 2017

Austin-area Home Sales Down Compared to Last Year’s Records Austin-Round Rock Metropolitan Statistical Area home sales were down this September 2017, compared to September 2016, and inventory levels were up, according to the Austin Board of REALTORS® September 2017 Central Texas Housing Market Report. However, experts indicate that rather than a sign of a downturn,Read More

Austin, Texas Real Estate Market Update and Statistics September 2017

September 19, 2017

Austin-area Real Estate Breaks Summer Selling Season Records The Central Texas summer season was the hottest it has ever been – in real estate, that is. The Austin-Round Rock Metropolitan Statistical Area reached its highest level of single-family home sales and the highest median price during the period of May 2017 to August 2017, accordingRead More

CBRE Names Austin #8 Top Tech Talent

September 19, 2017

CBRE Inc. ranked Austin, Texas number eight on its Tech Talent Scorecard for 2017 that ranked large metro areas in the United States and in Canada. This is a drop from Austin’s 2016 number five ranking, but it still highlights the city’s tech focus and business friendly reputation, according to the report. Austin received aRead 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

Real Estate Center’s Monthly Review of the Texas Economy

September 1, 2017

While the effects of Hurricane Harvey on the Texas economy remain to be seen, the recent shape of the Texas economy was strong. Texas had an annual growth rate of 2.4 percent in nonagricultural jobs from July 2016 to July 2017. This was a gain of 293,400 nonagricultural jobs and was higher than the UnitedRead More

Austin is #1 City where Millennials Live Alone

August 22, 2017

There is a bit of surprising news about millennials living in Austin, according to realtor.com, which analyzed 2015 U.S. Census Bureau data on the largest metro areas in the nation. Of these largest metros, millennials in Austin are the most likely to live alone, with 11.2 percent of millennials renting or owning a home solo.Read More