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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

Austin, Texas Real Estate Market Update and Statistics August 2017

August 18, 2017

Steady July for Austin-area Housing Single-family home sales across the Austin-Round Rock Metropolitan Statistical Area increased 2.8 percent year-over-year in July 2017, with sales in Austin declining 2.5 percent that same month, according to the Austin Board of REALTORS® July 2017 Central Texas Housing Market Report. While Travis County had a 1.1 percent decline inRead More

Austin, Texas Real Estate Market Update and Statistics July 2017

July 22, 2017

Mid-Year 2017 Austin Real Estate Statistics For the first half of 2017, Austin-Round Rock Metropolitan Statistical Area home sales rose 2.8 percent year-over-year to 14,958 home sales, with median price increasing 6.4 percent year-over-year to $300,000, according to the Austin Board of REALTORS® June 2017 Central Texas Housing Market Report.. Active listings increased 15 percentRead More

Housing Prices Continue to Rise in Texas, Austin Highest Increase

July 19, 2017

The latest Texas Housing Insight report from the Real Estate Center at Texas A&M University shows that housing affordability is a challenge throughout the state of Texas. While, nationally, home prices have risen 7.4 percent since 2007, “The Federal Housing Finance Agency Housing Price Index shows Texas homes are 43.1 percent more expensive than theyRead More

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

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

Record Number of Americans Think Now Is a Good Time to Sell Homes

June 9, 2017

Americans who think now is a good time to sell homes hit a record high of 32 percent in May 2017, according to Fannie Mae’s latest Home Purchase Sentiment Index and reported by Realtor® Magazine. Accordingly, the number of Americans who say now is a good time to buy homes fell by eight percent toRead More