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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

Texas Job Growth Outpaces U.S.

November 30, 2018

Nonagricultural job growth in Texas nearly doubled that of the United States, with a 3.1 percent increase from October 2017 to October 2018, compared to 1.7 percent for the U.S., according to the Real Estate Center at Texas A&M’s Monthly Review of the Texas Economy. Nongovernment jobs also increased: 3.7 percent in Texas compared toRead More

Austin, Texas Real Estate Market Update and Statistics November 2018

November 16, 2018

Austin-Area Experiences Record-Breaking Home Sales for October 2018 October 2018 home sales in the Austin area were the highest on record for any October, increasing 8.8 percent to top $900 million, according to the Austin Board of REALTORS® October 2018 Central Texas Housing Market Report. Additionally, sales volume increased 4.3 percent compared to last October,Read More

October 2018 Austin Market Stats Infographic

Texas Almost Doubles U.S. Job Creation Rate

October 31, 2018

Texas gained nonagricultural jobs at a rate of 3.3 percent from September 2017 to September 2018, almost doubling the nation’s growth rate of 1.7 percent, according to the Monthly Review of the Texas Economy by the Real Estate Center at Texas A&M University. Nongovernment jobs also almost doubled that of the United States’ rate, withRead More