Even with a Hurricane, Texas Economy Thrives
October 27, 2017Even with the impacts of Hurricane Harvey, the Texas economy is continuing to create more jobs, according to the Monthly Review of the Texas Economy by Ali Anari with the Real Estate Center at Texas A&M University. From September 2016 to September 2017, Texas gained 256,100 nonagricultural jobs for an annual growth rate of 2.1Read More
Austin, Texas Real Estate Market Update and Statistics October 2017
October 24, 2017Austin-area Home Sales Down Compared to Last Year’s Records Austin-Round Rock Metropolitan Statistical Area home sales were down this September 2017, compared to September 2016, and inventory levels were up, according to the Austin Board of REALTORS® September 2017 Central Texas Housing Market Report. However, experts indicate that rather than a sign of a downturn,Read More
Austin, Texas Real Estate Market Update and Statistics September 2017
September 19, 2017Austin-area Real Estate Breaks Summer Selling Season Records The Central Texas summer season was the hottest it has ever been – in real estate, that is. The Austin-Round Rock Metropolitan Statistical Area reached its highest level of single-family home sales and the highest median price during the period of May 2017 to August 2017, accordingRead More
CBRE Names Austin #8 Top Tech Talent
September 19, 2017CBRE Inc. ranked Austin, Texas number eight on its Tech Talent Scorecard for 2017 that ranked large metro areas in the United States and in Canada. This is a drop from Austin’s 2016 number five ranking, but it still highlights the city’s tech focus and business friendly reputation, according to the report. Austin received aRead More
Surge in Mortgage Applications Follows Recent Lower Rates
September 15, 2017Mortgage applications surged in mid-September 2017, with applications for home purchases and refinances jumping 9.9 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association and as reported by Realtor® Magazine. Mortgage rates were among the lowest of the past year, with the 30-year fixed-rate mortgage rate averaging 4.03 percent during the weekRead More
Real Estate Center’s Monthly Review of the Texas Economy
September 1, 2017While the effects of Hurricane Harvey on the Texas economy remain to be seen, the recent shape of the Texas economy was strong. Texas had an annual growth rate of 2.4 percent in nonagricultural jobs from July 2016 to July 2017. This was a gain of 293,400 nonagricultural jobs and was higher than the UnitedRead More
Austin is #1 City where Millennials Live Alone
August 22, 2017There is a bit of surprising news about millennials living in Austin, according to realtor.com, which analyzed 2015 U.S. Census Bureau data on the largest metro areas in the nation. Of these largest metros, millennials in Austin are the most likely to live alone, with 11.2 percent of millennials renting or owning a home solo.Read More
Austin, Texas Real Estate Market Update and Statistics August 2017
August 18, 2017Steady July for Austin-area Housing Single-family home sales across the Austin-Round Rock Metropolitan Statistical Area increased 2.8 percent year-over-year in July 2017, with sales in Austin declining 2.5 percent that same month, according to the Austin Board of REALTORS® July 2017 Central Texas Housing Market Report. While Travis County had a 1.1 percent decline inRead More
Austin, Texas Real Estate Market Update and Statistics July 2017
July 22, 2017Mid-Year 2017 Austin Real Estate Statistics For the first half of 2017, Austin-Round Rock Metropolitan Statistical Area home sales rose 2.8 percent year-over-year to 14,958 home sales, with median price increasing 6.4 percent year-over-year to $300,000, according to the Austin Board of REALTORS® June 2017 Central Texas Housing Market Report.. Active listings increased 15 percentRead More
Housing Prices Continue to Rise in Texas, Austin Highest Increase
July 19, 2017The latest Texas Housing Insight report from the Real Estate Center at Texas A&M University shows that housing affordability is a challenge throughout the state of Texas. While, nationally, home prices have risen 7.4 percent since 2007, “The Federal Housing Finance Agency Housing Price Index shows Texas homes are 43.1 percent more expensive than theyRead More