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Third Quarter Shows Home Price Increases and Slight Dip in Sales

November 17, 2016

Austin-area Single-family home prices in the Austin-Round Rock area were up 7.7 percent to $279,900 in the third quarter of 2016, according to the Texas Association of Realtors®’ Texas Quarterly Housing Report. The number of single-family homes sold was down one percent compared to the third quarter of 2015, to 9,249 sales. Of the homesRead More

Austin-area Home Starts Near Pre-Recession Levels

November 7, 2016

Austin-area home starts hit their highest level in six years in 3Q16, nearing the peak level that occurred in 2006, according to Metrostudy. Its survey of the Austin housing market showed a total of 4,067 home starts, near the 4,387 home starts that occurred 1Q06. The report stated the third quarter numbers imply a “rampingRead More

Austin, Texas Real Estate Market Update and Statistics October 2016

October 18, 2016

Austin-area Home Sales and Prices Continue to Rise The median price for Austin-area single-family homes increased to $275,250 in September 2016, an increase of 7.5 percent compared to September of last year, according to the September 2016 Central Texas Housing Market Report by the Austin Board of REALTORS®. Home sales in the Austin-area rose 1.3Read More

What’s the Least Expensive Month to Buy a Home in Austin?

October 13, 2016

Home buying in January might land buyers a much better deal. This is according to Nerd Wallet, which used Realtor.com data to determine that the least expensive month to buy a home in Austin, Texas is in January. And it’s no small matter: based on a two-year average of median sales prices, buying a median-rangeRead More

Austin Number Two in Nation for Net Migration

October 7, 2016

Austin takes the number two spot in the nation among large metro areas for its net migration, according to U.S. News and World Report’s list of the “The 20 Best Places People Are Moving to in the U.S.” Austin, which also has been named the #2 best place to live in the U.S. by U.S.Read More

International Homebuyers Pump More than $10 Billion into Texas Real Estate

September 27, 2016

International homebuyers pumped more than $10 billion into the Texas economy from April 2015 to March 2016, according to the 2016 Texas International Homebuyers report. This amounted to more than 21,000 Texas homes purchased by international buyers, compared to the previous year’s 16,720 Texas homes for a total of $8.32 billion.  Of those international buyers,Read More

Austin, Texas Real Estate Market Update and Statistics September 2016

September 19, 2016

Austin-area Median Home Prices Up Over Nine Percent Austin-area home prices rose to $289,990 in August 2016, a 9.4 percent increase compared to August 2015, according to the Austin Board of REALTORS® August 2016 Central Texas Housing Market Report. Austin-area home sales also rose in August 2016, with a 5.3 percent increase resulting in 2,985Read More

Few Underwater Homes in Austin, Texas

September 8, 2016

Austin, Texas is among the top United States cities with the highest percentage of homes with positive equity, according to CoreLogic and The Home Story. The San Francisco area leads the way with 99.4% of homeowners having positive equity, with Boulder and Urban Honolulu at 99.1%. Fort Collins came in at 98.6%, with Austin, FortRead More

Austin Rents Continue to Rise, Making Home Ownership More Affordable

August 30, 2016

Rent prices in Austin, Texas continue their steady upward climb, rising 0.6 percent between June and July 2016 and up 3.7 percent year-over-year, according to Apartment List’s August 2016 Austin Rent Report. And with 71 percent of Austin renters planning to purchase a home in the future – well over the national average of 60Read More

Largest Starter Homes in the U.S.? Austin, Texas

August 26, 2016

Millennial homebuyers have a piece of good news: Austin starter homes are the largest in the nation, at 1,428 square feet, according to Trulia and reported in its article, Room to Roam: Where Starter Home Buyers Can Live Large. Notably, the South in general fared much better than other areas of the country, with fiveRead More