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Experts Say Cooler 2019, Stronger 2020 for Texas Housing

February 28, 2019

Experts with the Real Estate Center at Texas A&M University say that single family home sales will slow in 2019 and then bounce back in 2020. “This cooling period is necessary after multiple years of explosive growth, allowing the market to adjust in areas of extreme shortages and rapid affordability declines,” a release stated. MedianRead More

Texas 18th Nationwide for Homeowner Costs

February 27, 2019

Texas is 18th in the nation for average annual homeowner cost among those who have a mortgage, based on 2017 United States Census Data compiled by Ali Anari with the Real Estate Center at Texas A&M University. These costs include real estate taxes, insurance premiums, utility payments, and property debts. Housing costs on median inRead More

Austin, Texas Real Estate Market Update and Statistics February 2019

February 25, 2019

Austin-area Home Sales Flat, Median Price Appreciation Slows Austin-area home sales decreased by 1.8 percent in January 2019, while median price increased 2.4 percent to $296,999, according to the Austin Board of REALTORS®  January 2019 Central Texas Housing Market report. Housing inventory was still extremely tight, with a 2.3 month supply even following a 0.4Read More

January 2019 Austin-area Market Stats Infographic

Texas Economic Outlook

January 23, 2019

The Texas economy continued to expand in November 2018, but did lose some steam, according to a Real Estate Center at Texas A&M University report. Factors weighing down the expansion included lower oil prices, lower home sales, and weaker hiring in the service sector. Factors elevating the expansion included upward wages due to low unemploymentRead More

Austin, Texas Real Estate Market Update and Statistics January 2019

January 23, 2019

Austin-area Home Sales Break Record in 2018 Home sales in the Austin-Round Rock Metropolitan Statistical Area broke an all-time record in 2018, with 30,713 homes selling for a total of $11.9 billion in sales dollar volume, according to the Austin Board of REALTORS®. This was a 2.1 percent increase in sales and was impacted byRead More

Texas Housing Sales Down Slightly Following Double-Digit Increase

January 18, 2019

Texas housing sales were down 1.1 percent in November 2018, after a double-digit increase in October 2018, according to the Real Estate Center at Texas A&M University’s Texas Housing Insight. San Antonio was the only metro area in Texas to see an increase, with a record-high 2,920 sales and a 5.2 percent increase compared toRead More

Austin, Texas Real Estate Market Update and Statistics December 2018

December 19, 2018

November 2018 Home Sales Notch Austin Area Closer to Record Year The Austin-area housing market looks to be on track for another record-breaking year, following a slight increase in sales volume in November 2018. Sales volume in the Austin-Round Rock Metropolitan Statistical Area increased 0.7 percent compared to November 2017, according to the Austin BoardRead More

2018 Texas Luxury Home Sales Top $8.3 Billion

December 12, 2018

Double digit increases in both Texas luxury home sales and home sales volume made this segment of homes “a strong driver of the Texas housing market” during the first 10 months of 2018, according to a release from the Texas Association of REALTORS® based on information in the 2018 Texas Luxury Home Sales Report. HomesRead More

2018 Texas Luxury Homes Sales Infographic

Technology and REALTORS® Comprise Today’s Home Buyer Process

December 12, 2018

Homebuyers today are relying heavily on both technological resources and their Realtors® as they navigate the process of home shopping and closing, according to the National Association of Realtors®’ Real Estate in a Digital Age report. According to the report, finding the right home ranked as the most difficult step in purchasing a home, andRead More

Texas Housing Construction Highest since 2008

November 30, 2018

In September 2018, current home construction activity in Texas reached the highest level since 2008, according to the latest report from the Real Estate Center at Texas A&M University. While the Residential Construction Cycle (Coincident) Index reached a recent high, the Leading Index ticked down for the first time in 2018. Austin developed 11,339 newRead More