Record Highs for Texas Housing
June 28, 2019Low mortgage rates and a strong labor market propelled Texas housing sales to record highs in April 2019, according to the latest Texas Housing Insight Report by the Real Estate Center at Texas A&M University. This increased sales activity is counteracting slight inventory gains, and while “momentum is building in the residential supply pipeline asRead More
Austin, Texas Real Estate Market Update and Statistics June 2019
June 24, 2019Austin-area Sees Record Home Sales Volume, Austin Median Price Hits All-time High Home sales dollar volume in the Austin-Round Rock Metropolitan Statistical Area increased 14.8 percent to $1,468,980,773 in May 2019 — a record volume, according to the Austin Board of REALTORS®’s monthly housing report. Home sales in the MSA increased 6.2 percent compared toRead More
Omni Barton Creek Resort & Spa Celebrates Reopening
May 28, 2019The Omni Barton Creek Resort & Spa celebrated its grand reopening following an extensive $150 million renovation and expansion that began in November 2017. The ceremonial ribbon cutting ceremony was attended by Texas Governor Greg Abbott. Renovations include a new lobby and arrival area, 493 freshly-designed guestrooms and suites, an all-new conference center with aRead More
Austin, Texas Real Estate Market Update and Statistics May 2019
May 20, 2019Austin-area Home Sales Up Almost 15 Percent in April 2019 Home sales in the Austin area increased 14.9 percent in April 2019 compared to April 2018, according to the Austin Board of REALTORS® April 2019 Central Texas Housing Market Report. Likewise, sales dollar volume was up 14.1 percent to $1,207,238,711. Prices for the region held steady,Read More
U.S. News and World Report Ranks Austin #1 Best Place to Live
April 30, 2019U.S. News and World Report ranked Austin, Texas at the top of its annual Best Places to Live in the USA 2019 report. With a total score of 7.6 overall, Austin received high marks for its desirability, with people “drawn to the Texas capital’s music, outdoor spaces and cultural institutions.” For the report, U.S. NewsRead More
Austin, Texas Real Estate Market Update and Statistics April 2019
April 19, 2019Austin-Area Real Estate Up Slightly in March 2019 Austin-area real estate experienced a small uptick in March 2019, according to the Austin Board of REALTORS® Central Texas Housing Market report. Sales of single-family homes in the Austin-Round Rock Metropolitan Statistical Area increased 1.9 percent in March 2019, to 2,740 home sales. Median price increased 0.8Read More
Review of the Texas Economy
March 30, 2019The state of Texas continues to outpace the United States in job growth and added 268,800 nonagricultural jobs from February 2018 to February 2019, according to the Real Estate Center at Texas A&M University. This equaled a 2.2 percent growth rate, compared to 1.7 percent for the nation’s employment growth rate. Nongovernment jobs were addedRead More
Monthly Texas Housing Insight
March 28, 2019The Texas housing market remained strong in Texas in January 2019, fueled by a healthy labor market, population growth, and economic expansion, according to the Real Estate Center at Texas A&M University’s March 2019 Texas Housing Insight report. Housing sales increased 1.2 percent, led by a rebound of home sales under $200k, which accounted toRead More
Austin, Texas Real Estate Market Update and Statistics March 2019
March 21, 2019February 2019 Home Sales Break Record More Central Texas homes were sold in February 2019 than in any previous February, according to the Austin Board of REALTORS® February 2019 Central Texas Housing Market report. Sales increased six percent from February 2018 to 2,101 sales. “We’ve been hearing from our members that buying and selling activityRead More
Experts Say Cooler 2019, Stronger 2020 for Texas Housing
February 28, 2019Experts 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