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Austin, Texas Real Estate Market Update and Statistics April 2017

April 24, 2017

Homes Sales Neutral in Austin and Greater Austin Home sales in Austin and Greater Austin were relatively neutral in March 2017. Within the city, home sales increased 1.2 percent compared to March 2016 to 780 home sales, according to the Austin Board of REALTORS® March 2017 Central Texas Housing Market Report. In the Austin-Round RockRead More

Single Women in Texas Buy Twice as Many Homes as Single Men

April 21, 2017

Texas homebuyers are becoming increasingly diverse, with more single and minority homebuyers, according to the Texas Homebuyers and Sellers Report 2017 Edition, released by the Texas Association of REALTORS®. Single homebuyers now represent 28 percent of all homebuyers, spurred by increases in sales by both male and female single homebuyers. Single female homebuyers increased fiveRead More

Downtown Austin: Back from the Grave?

March 29, 2017

If you’ve moved to Austin within the last five years or so, you’ve probably always known downtown Austin as a trendy, happening kind of place. But it wasn’t that long ago that building a high-rise condo was a risk, that walking around after business hours meant walking alongside darkened storefronts, and that conveniences in generalRead More

U.S. Census: Austin’s Raw Growth Equals 1,042.7 More People Each Week

March 28, 2017

Turns out the oft-cited statistic of Austin growing by 150 people per day wasn’t quite right. The final tally shows that the Austin-Round Rock Metropolitan Statistical Area grew by more like 159 people per day in 2016, according to an article in the Austin Business Journal. This was a 2.9 percent annual growth rate forRead More

Austin, Texas Real Estate Market Update and Statistics March 2017

March 18, 2017

Austin-area Home Sales Flat in February 2017, while Prices Rise Austin-area single family home sales increased 0.9 percent in February 2017 compared to February 2016, resulting in 1,829 home sales. Median price, meanwhile, continued its climb, rising 6.5 percent to $287,000, according to the Austin Board of REALTORS® February 2017 Central Texas Housing Market Report.Read More

Austin, Texas Real Estate Market Update and Statistics February 2017

February 20, 2017

Austin Real Estate: Strong January to Start 2017 The Austin area experienced strong real estate gains in January 2017, starting the year with a seven percent increase in home sales, according to the Austin Board of REALTORS® January 2017 Central Texas Housing Market Report. The City of Austin kicked off the year with a 9.8Read More

Austin Median Home Prices vs. Median Family Income

February 17, 2017

A recent KVUE article reported that housing prices have risen faster in Austin than anywhere in the country and that salaries are not keeping pace with the increase. Looking at the past 26 years of data, KVUE found that family income rose 97 percent, while median home prices rose 290 percent. This means a family originallyRead More

Austin the #1 Place to Live in the USA

February 8, 2017

How does it feel, Austin, Texas? You live in the best city in the United States of America. U.S. News & World Report named Austin tops in the country in its annual Best Places to Live rankings of the 100 most populous metro areas, up from the second spot last year. It had an overallRead More

Job Growth in Texas Continues to Outpace Nation

January 30, 2017

Texas job creation grew by 1.8 percent annually from December 2015 to December 2016, with an increase of 213,500 nonagricultural jobs. This is compared to a 1.4 percent increase in the United States, according to the Monthly Review of the Texas Economy by Ali Anari at the Real Estate Center at Texas A&M University. NongovernmentalRead More

Texas Housing Starts Down, Overall Prices Look to Continue Increasing

January 30, 2017

Texas housing starts decreased 11.3 percent in November 2016 compared to November 2015, once seasonally adjusted. This continues a negative trend for housing starts that began in late-summer 2016, according to a report by the Real Estate Center at Texas A&M University and authored by James P. Gaines, Luis B. Torres, and Wayne Day. However,Read More