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Texas Economic Outlook Remains Robust

March 6, 2023

The Texas economy continues to perform, even with national headwinds. “Despite stubborn inflation growth and overall economic uncertainty, the Texas economy has remained robust,” stated a monthly economic report from the Texas Real Estate Research Center. Employment has continued to increase, and the Texas economy created 29,500 new jobs in December. As a result, theRead More

Austin real estate

Construction to Begin on Four Seasons Private Residences

March 2, 2023

Construction on the Four Seasons Private Residences Lake Austin will begin June 1, 2023, according to filings by Hines and Austin Capital Partners, as reported by Connect CRE. The expected cost to build the project is $830 million. “The new Lake Austin residential community will be distinguished by its modern architecture, private waterfront access, unmatchedRead More

Austin-Round Rock MSA housing market continues to normalize; REALTORS® report recent uptick in activity

February 17, 2023

Despite price decreases and inventory gains, region needs more housing AUSTIN, Texas — In January, median home prices dropped 6.3% to $450,000, the largest price drop since July 2011, according to the Austin Board of REALTORS® latest Central Texas Housing Report. Despite the price decrease, monthly housing inventory stayed flat at 2.7 months of inventoryRead More

Central Texas housing market set price records, shifted towards buyers in 2022

January 18, 2023

Region now has more inventory, increasing interest rates and construction costs contributing to affordability issues AUSTIN, Texas – In 2022, the median price for a home in the Austin-Round Rock MSA set a new annual record of $503,000, according to the December 2022 and Year-End Central Texas Housing Market Report released by the Austin BoardRead More

More Million-Dollar Homes Sold in Texas in 2022

January 17, 2023

Over one quarter of Austin homes sold for $1 million or more The number of Texas homes that sold for $1 million or higher increased 17 percent in a year-over year comparison, based on sales from November 2021 to October 2022. This according to the Texas REALTORS® 2022 Sales of Million-Dollar Homes in Texas Report,Read More

Median price for a home in Austin-Round Rock MSA stays flat, no sales or price records set

December 16, 2022

November housing inventory nearly quadruples AUSTIN, Texas — For the first time since February 2019, median home prices in the Austin-Round Rock MSA experienced a 0% year over year increase, according to the Austin Board of REALTORS® November 2022 Central Texas Housing Market Report. As housing inventory and days on the market continue to steadilyRead More

Demand for Texas Land Backs off Feverish Pace

December 12, 2022

“Demand for rural Texas land surged in the wake of COVID-19 and unrest in the state’s urban centers. However, that demand has since slowed along with price growth,” stated the takeaway from a Texas Real Estate Research Center report on land sales in Texas. The unusually large demand for Texas land first appeared following theRead More

texas land

Texas Housing Insight

November 17, 2022

The housing market in Texas “continues to cool,” according to Housing Insight by the Texas Real Estate Research Center. The report cited increasing mortgage interest rates as the cause of diminishing housing affordability and, thus, demand. In September 2022, home sales fell 15.5 percent in Texas, according to the report. “Under the aggressive monetary policies,Read More

Avery Ranch House

Austin-Round Rock MSA home prices stabilizing

November 17, 2022

October housing inventory gains inch region closer to a balanced housing market AUSTIN, Texas — According to the Austin Board of REALTORS® October 2022 Central Texas Housing Market Report, median home prices across the MSA continued their recent trend of more stable and sustainable appreciation even while hitting $474,900—a record for the month of October.Read More

Texas Rural Land-Buying Frenzy Wanes

October 26, 2022

The 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

texas land