“Insatiable Appetite” for Texas Land, with Highest Demand in Central Texas
December 28, 2021In the Austin-Waco-Hill Country region, “Brokers have buyers lined up” for land purchases, according to Texas Real Estate Research Center at Texas A&M University Research Economist Dr. Charles Gilliland. “If you want property in this region, take a number.” In the third quarter of 2021, Austin-Waco-Hill Country land sold for $5,290 per acre, a 30Read More
Austin-Round Rock MSA housing market on track for record year despite dip in November home sales
December 16, 2021Majority of homes sold between $250,000-$500,000 in November, indicating accessibility in housing market AUSTIN, TX — According to the Austin Board of REALTORS® (ABoR) November Central Texas Housing Report, closed listings dipped 4.9% to 3,215 across the Austin-Round Rock MSA in November. This occurred even as the housing market remains on track for a record-breakingRead More
Texas Takes Two Spots on List of 2022’s Hottest Housing Markets
November 30, 2021National Mortgage News’ 12 hottest housing markets in 2022 list includes two Texas metros: Austin in fourth place and Dallas-Fort Worth in seventh place. The list cited Austin as having a 5-year annual projected population growth in 2022 of two percent, a 5-year annual projected employment growth in 2022 of 2.4 percent, and a 5-yearRead More
Austin Round-Rock housing market remains stable, on track for record year
November 19, 2021AUSTIN, Texas–– According to the Austin Board of REALTORS® (ABoR) October 2021 Central Texas Housing Report, the Austin-Round Rock MSA housing market remains on track for a record-breaking year, even as the market continues its calming trend. Home sales across the MSA decreased 12.1% to 3,250 closings compared to October 2020 as the median salesRead More
Former California Residents Are Top Texas Newcomers
October 28, 2021In the last 19 of 20 years – excepting the Louisiana to Texas migration following Hurricane Katrina – Californians made up the biggest population moving to Texas, according to the Real Estate Center at Texas A&M University’s, Where Did New Texas Come From During the Pandemic? The share of Californians moving to Texas has increasedRead More
Housing market continues calming trend across Austin Round-Rock MSA
October 18, 2021AUSTIN, Texas – According to the Austin Board of REALTORS® (ABoR) September 2021 Central Texas Housing Report, the Austin-Round Rock MSA housing market is continuing its calming trend. Home sales decreased 5.1% compared to September 2020 as the median sales price of $450,000 set a record for the month of September across the MSA. To meet the continuedRead More
Austin-Round Rock MSA Housing Market Calming, Still a Top U.S. Market
September 16, 2021Sales activity reflects typical seasonality, price gains maintained AUSTIN, Texas – According to the Austin Board of REALTORS® (ABoR) August 2021 Central Texas Housing Report, home sales decreased 4.6% compared to August 2020. The data indicates the market is calming as typical seasonality has returned in terms of number of closings, even as median salesRead More
What Will Texas Real Estate Look Like Going into 2022?
September 15, 2021The Texas Real Estate Research Center released its 2021 Mid-Year Texas Housing & Economic Outlook, pointing to a more stable Texas housing market heading into 2022 once home inventory shortages from shutdown-related issues subside. The Research Center release stated that home listings have reached a “trough” and now are rising, easing some of the priceRead More
Austin-area home sales dip 9.9% in July
August 23, 2021Slowing sales growth indicates market stabilization Residential home sales decreased across the Austin-Round Rock Metropolitan Statistical Area (MSA) for the first time since May 2020, according to the Austin Board of REALTORS® July 2021 Central Texas Housing Report. Despite the dip, the five-county MSA was just 445 homes shy of breaking the all-time home sales record setRead More
Mid-Year 2021 Texas Housing Outlook
August 17, 2021The Texas Real Estate Research Center produced its 2021 Mid-Year Texas Housing and Economic Outlook, with the remainder of this year looking similar to the year thus far for the housing market: “strong demand with low inventories accompanied by strong price growth.” As has been the case, homes priced less than $300,000 will be especiallyRead More
