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Record-breaking Texas Land Sales as Buyers Migrate

April 21, 2021

“Texas city-dwelling buyers descended on rural locations in latter 2020,” according to the Texas Real Estate Research Center at Texas A&M University. Due to both pandemic fears and urban unrest, buyers purchased 552,707 acres of Texas land for a record $1.69 billion. The increased demand caused statewide land prices to increase 3.1 percent to $3,064Read More

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Austin, Texas Real Estate Market Update and Statistics April 2021

April 15, 2021

Austin area continues to set housing records despite affordability growing pains AUSTIN, Texas – As Austin experiences growing pains associated with a city transitioning into a large metropolitan area, the Austin-Round Rock MSA continues to set housing records. According to the Austin Board of REALTORS®’ latest Central Texas Housing Report, sales volume lost due to the February stormsRead More

Austin, Texas Real Estate Market Update and Statistics March 2021

March 23, 2021

Winter storms that knocked out power and water to many Texans slowed February 2021 Austin-area home sales – but not prices. Home sales in the Austin-Round Rock Metropolitan Statistical Area declined eight percent in February, the first time sales have dipped since June 2020. Median price, meanwhile, jumped 22.5 percent to an all-time high ofRead More

Unprecedented Housing Shortage Nationally and Locally

March 16, 2021

There are almost 450,000 fewer homes on the market in the United States than at this time last year, according to a realtor.com® report, and this is putting tremendous upward pressure on prices. In January, national housing inventory dropped 43 percent compared to January 2020, with new listings down 23 percent. This resulted in theRead More

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Rural Texas Properties Experience Surge in 2020

February 26, 2021

Sales for small rural properties surged in the latter part of 2020, possibly boosted by concerns over COVID-19 and civil unrest in urban areas, according to the Texas Real Estate Research Center at Texas A&M University’s See Ya Later, Next-Door Neighbor: Urban Buyers Stampede to Rural Texas by Charles E. Gilliland. According to the article,Read More

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Austin, Texas Real Estate Market Update and Statistics February 2021

February 25, 2021

Austin-area Homes Sales Up 24 Percent in January Home sales in the Austin-Round Rock Metropolitan Statistical Area increased 23.9 percent year-over-year in January 2021, while median price increased 19 percent to $365,000, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Housing inventory dropped 1.3 months to a record-low 0.4 months ofRead More

Austin, Texas Real Estate Market Update and Statistics January 2021

January 22, 2021

Austin-Round Rock MSA Experiences Record-breaking Housing Market in 2020 The Austin-Round Rock Metropolitan Statistical Area broke yearly and monthly home sales records at the end of 2020, while also reaching a monthly high for median price, according to the Austin Board of REALTORS® December 2020 and Year-End Central Texas Housing Market Report. Over 40,000 homesRead More

Texas Home Sales Set for Large Increase in 2021

January 19, 2021

Single-family home sales in Texas are expected to increase over eight percent in 2021, according to the Texas Real Estate Research Center at Texas A&M University. Sales “are expected to maintain a rapid clip this year with an 8.4 percent projected increase,” said Center Research Economist Dr. Luis Torres. He said, “That assumes mortgage ratesRead More

Austin, Texas Real Estate Market Update and Statistics December 2020

December 16, 2020

Austin-area Home Sales on Pace to Break Record A record-breaking number of home sales in November helped put the Austin area into potential record-breaking territory for the year, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Sales for the Metropolitan Statistical Area increased 23.8 percent year over year in November, andRead More

Texas Housing Market May Be Economic Hero of 2020

December 15, 2020

Texas Real Estate Research Center at Texas A&M University Senior Data Analyst Joshua Roberson explored the toll of the pandemic on the Texas economy in “Retreat or Resurgence: Which Direction is Texas Housing Headed?” Roberson premised that, years from now, the housing market’s surprising resiliency may be of great note to those who follow theRead More

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