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Austin, Texas Real Estate Market Update and Statistics October 2017

October 24, 2017

Austin-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, 2017

Austin-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, 2017

CBRE 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, 2017

Mortgage 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, 2017

While 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, 2017

There 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, 2017

Steady 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, 2017

Mid-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, 2017

The 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

Texas, Austin New Home Permits Reach 10-Year High

July 18, 2017

New home single-family construction permits in Texas reached a 10-year high in March 2017, with 10,481 permits issued, an 11.5 percent increase, according to Dr. Luis Torres, a research economist with the Real Estate Center at Texas A&M University. Austin’s 1,547 new home permits were also the most the capital city has seen in aRead More