Austin, Texas Real Estate Market Update and Statistics February 2017
February 20, 2017Austin 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, 2017A 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, 2017How 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, 2017Texas 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, 2017Texas 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
Austin, Texas Real Estate Market Update and Statistics January 2017
January 23, 2017Another Record-Breaking Year for Austin Real Estate The Central Texas real estate market broke records in 2016 for home sales volume and also reached new highs in home prices, according to the Austin Board of REALTORS® December and Year-End 2016 Central Texas Housing Market Report. Single-family home sales for 2016 increased 3.9 percent from 2015,Read More
Texans’ Incomes Outpace Housing Prices – But Not in Austin
December 21, 2016Personal income in Texas has outpaced housing price growth more than the United States as a whole, with the large metros of Dallas, Houston, and San Antonio leading the trend for the state, according to a report by the Real Estate Center at Texas A&M University. In Austin, however, housing prices have consistently outpaced incomeRead More
Real Estate Center Chief Economist: Fed Interest Rate Increase Could Be Good
December 21, 2016The Federal Reserve raised a key interest rate by 0.25 percent recently, and Real Estate Center Chief Economist Dr. James Gaines said this increase could have positive impacts on certain markets. Gaines said one immediate result could be an increase in housing demand as buyers seek to take advantage of interest rates before they increaseRead More
Austin, Texas Real Estate Market Update and Statistics December 2016
December 21, 2016Austin-Area Double-Digit Home Sales Increases Likely Indicate Record Year Widespread double-digit single family home sales increases across the Greater Austin area in November 2016 make it likely the area will break sales records for the year, according to the Austin Board of REALTORS® November 2016 Central Texas Housing Market Report. The Austin-Round Rock area sawRead More
Austin, Texas Real Estate Market Update and Statistics November 2016
November 19, 2016Austin Home Sales Increase, Central Texas Sales Decrease in October 2016 In a reverse trend of recent months, sales for single family homes within the City of Austin rose in October 2016 and sales declined across the larger Austin-Round Rock Metropolitan Statistical Area, according to the Austin Board of REALTORS®’ October 2016 Central Texas HousingRead More