Texas Rural Land-Buying Frenzy Wanes
October 26, 2022The rural land frenzy Texas experienced during and post-pandemic appears to be waning. According to Texas Land Market Latest Developments by the Texas Real Estate Research Center at Texas A&M University, rural land sales volume in Texas dropped 26.5 percent from mid-2021 to mid-2022. TRERC Research Economist Dr. Charles Gilliland said, “Clearly, activity appears toRead More
Buyers gain leverage in Austin-Round Rock housing market as sales decline, price-growth slows
October 25, 2022AUSTIN, Texas — In September, the Austin–Round Rock MSA housing market continued to return to normal activity with more available supply and a softer appreciation of home price growth according to the latest Central Texas Housing Market Report released by the Austin Board of REALTORS®. Home sales declined 18.5% to 2,992 closed listings as activeRead More
Texas Economy Expands But More Slowly
September 30, 2022While the Texas economy does appear to be “losing some steam,” according to a report from The Real Estate Research Center at Texas A&M University, it is still experiencing “impressive” growth. For example, in July 2021 statewide year-over-year (YOY) growth was 13 percent compared to 12 percent in July of 2022. Austin had the biggestRead More
Normal price growth and increasing inventory contribute to Austin-Round Rock MSA housing market’s continued stabilization
September 28, 2022Housing inventory reaches highest level since September 2018 AUSTIN, Texas — The Austin-Round Rock MSA housing market continued its normalizing trend for the third consecutive month, boosted by a more sustainable rate of price growth and more available supply, according to the Austin Board of REALTORS® August 2022 Central Texas Housing Market Report. Active listingsRead More
Austin-Round Rock MSA housing market continues to normalize as price growth slows, inventory rises
August 18, 2022Home price growth in single digits for first time since June 2020 AUSTIN, Texas — The Austin-Round Rock MSA housing market continued to trend towards more normal and sustainable levels in July, according to the Austin Board of REALTORS® July 2022 Central Texas Housing Market Report. Median price grew by only 8% year over yearRead More
Austin Luxury Home Sales Nearing Volume of Houston, DFW
July 20, 2022All four major metros in Texas have seen significant increases in luxury home sales compared to pre-pandemic levels, with “Austin showing particularly strong momentum,” according to the Texas Real Estate Research Center at Texas A&M University. In Houston, Dallas-Fort Worth, and San Antonio, the number of luxury homes sold during the first five months ofRead More
Austin-Round Rock MSA begins return to pre-pandemic housing market activity
July 18, 2022Long-awaited gains in housing inventory contribute to slower price growth, market stabilization in first half of 2022 AUSTIN, TX — According to the Austin Board of REALTORS® June and Mid-Year 2022 Central Texas Housing Market Report, a triple-digit gain in active listings year over year pushed housing inventory levels over two months in the Austin-RoundRead More
Economic Outlook in Texas
June 30, 2022“In coming months, the Texas economy will face either prolonged high inflation, the pain that tends to follow from fighting inflation, or possibly both,” said the Texas Real Estate Research Center in an article entitled, “Outlook for the Texas Economy.” Headline inflation as reported by the Bureau of Labor Statistics increased 8.5 percent in MarchRead More
Austin-Round Rock MSA inventory improves while closings remain robust
June 29, 2022According to the Austin Board of REALTORS® May 2022 Central Texas Housing Market Report, active listings experienced triple-digit percentage growth year over year and inventory rose to over one month of inventory for the first time in seven months. The data indicates the market is calming as typical seasonality is returning in terms of the numberRead More
Outlook for Texas Housing Affordability Outlook
May 30, 2022Home prices in Texas continue to rise at a strong pace, according to a Texas Real Estate Research Center’s article, “Texas Housing Affordability Outlook.” The first quarter of 2022, Texas homes experienced a year over year increase in median price of 18.4 percent and a first-quartile sales price increase of 17.4 percent. This resulted inRead More
