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
Texas, Austin New Home Permits Reach 10-Year High
July 18, 2017New 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
Austin, Texas Real Estate Market Update and Statistics June 2017
June 16, 2017Austin-area Home Sales Dollar Volume Hits All-Time High in May 2017 Austin-area home sales hit a record breaking total of $1,234,617,317 for the month of May 2017, an 18.4 percent increase over May 2016, according to the Austin Board of REALTORS® May 2017 Central Texas Housing Market Report. This over $1.2 billion total was helpedRead More
Mortgage Rates Continue to Drop
June 9, 2017Thirty-year mortgage rates hit their lowest level in almost seven months during the week ending June 8, 2017, falling to 3.89 percent, according to Freddie Mac data as reported by Realtor® Magazine. The article suggests “home buyers may want to rush to lock in” their rates. The 10-year Treasury yield dropped three basis points duringRead More
Record Number of Americans Think Now Is a Good Time to Sell Homes
June 9, 2017Americans who think now is a good time to sell homes hit a record high of 32 percent in May 2017, according to Fannie Mae’s latest Home Purchase Sentiment Index and reported by Realtor® Magazine. Accordingly, the number of Americans who say now is a good time to buy homes fell by eight percent toRead More
Austin, Texas Real Estate Market Update and Statistics May 2017
May 17, 2017Home Sales Up in Austin and Surrounding Areas Home sales in the Austin Metropolitan Statistical area increased 3.2 percent in April 2017 compared to April 2016, for a total of 2,640 home sales, according to the April 2017 Austin Board of REALTORS® Central Texas Housing Market Report. Within the city of Austin, home sales increasedRead More
Austin Jobs Grow by 3.3 Percent
May 15, 2017Austin jobs grew by 3.3 percent in the 12 months ending March 2017, an addition of 32,700 net new jobs, according to data from the Texas Workforce Commission and the U.S. Bureau of Labor Statistics and compiled by the Austin Chamber of Commerce. This growth makes Austin the tenth fastest growing major metropolitan area ofRead More
Austin #8 Best Large City in U.S. to Start a Business
May 12, 2017Austin, Texas is the eighth best large city in the United States in which to start a business, according to Wallet Hub’s 2017 list. Using 18 metrics ranging from office space affordability to five-year business-survival rate, Austin was the top city in Texas to make the list, followed by Amarillo in ninth place. Austin’s totalRead More
Insights by Regent Property Group Broker Brian Talley
May 1, 2017I’m now verging on 10 years in the residential real estate business this June 2017, having started in commercial/corporate real estate for my first nine years in 1998. Over the last 10 years, I’ve sold approximately 174 homes personally, and during 2018, I likely will hit my 200th residential sale. This does not include theRead More
Austin’s Fastest Growing New Construction Neighborhoods
April 26, 2017The Austin Business Journal, in partnership with information from Metrostudy Inc., released a list of the fastest growing new construction neighborhoods in the Greater Austin area, with results including neighborhoods in Travis, Williamson, Hays, Bastrop, and Caldwell counties. As reported by the Real Estate Center at Texas A&M University, the results track one year ofRead More