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October 2017 Statistics
AUSTIN, Texas – Nov. 14, 2017 – Single-family home sales increased across the Austin-Round Rock Metropolitan Statistical Area (MSA) in October, but declined in the city of Austin, according to the October 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®. Brandy Guthrie, 2017 President of the Austin Board of REALTORS® commented, “The Austin-Round Rock housing market continues to slightly outperform last year’s home sales activity, keeping 2017 on-pace for another record year for home sales. At the same time, low housing inventory levels along with constrained housing development activity throughout the city of Austin are preventing home sales growth at the city level.” Single-family home sales in the Austin-Round Rock MSA increased 2.2 percent year-over-year to 2,292 home sales in October 2017. During the same time frame, single-family…
Home sales decline across Austin-Round Rock MSA, inventory rises in September 2017
Austin Board of REALTORS® releases September 2017 Central Texas Housing Market Report Single-family home sales declined across most of the Austin-Round Rock Metropolitan Statistical Area (MSA) in September, while inventory levels continued to increase, according to the September 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®. Brandy Guthrie, 2017 President of the Austin Board of REALTORS® commented, “Despite last month’s dip in home sales activity, it’s important to remember that we’re comparing our current figures to the record-breaking housing market activity in 2016 and it’s not necessarily indicative of a downturn.” Lawrence Yun, Chief Economist and Senior Vice President of Research at the National Association of REALTORS®, agreed: “Austin has had one of the fastest job growth rates in the country over the past…
Referrals ARE my Business!
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Survey: Pets Drive Millennials’ Decision to Buy
Daily Real Estate News | Friday, August 04, 2017 Marriage and having children may be the life events that traditionally have prompted people to transition into homeownership. But for some millennials, the need for more space is particularly tied to their furry friends. A third of recent home buyers ages 18 to 36 say their decision to purchase was based on the desire for a larger property with a yard for their dog, according to a survey conducted by Harris Poll on behalf of SunTrust Mortgage. While 33 percent of 412 millennials surveyed listed their pet as their top homebuying motivation, 25 percent listed marriage and 19 percent listed the birth of a child. The only factors respondents ranked higher than dogs are the desire for more overall living space…
Austin Board of REALTORS® releases May 2017 Central Texas Housing Market Report
Single-family home sales volume jumps, tops $1 billion in May 2017 AUSTIN, Texas – June 15, 2017 – Single-family home sales volume experienced strong gains across the Austin-Round Rock Metropolitan Statistical Area (MSA) in May, while home sales dollar volume topped $1.2 billion and set an all-time high for sales dollar volume, according to the May 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®. Brandy Guthrie, 2017 President of the Austin Board of REALTORS®, commented, “Housing is the backbone of our region’s economy and the heart of our communities. Housing demand continues to be at an all-time high in and around Austin, indicated by steady growth in home sales and prices, listing activity and housing inventory. The concurrent gains in listing activity and inventory,…
Buy, Buy, Baby
Investors are buying more student housing properties than ever before. “Last year was the biggest year ever, investment sales-wise,” says Fred Pierce, president and CEO of Pierce Educational Properties. But hang on tight–this year is likely to be even bigger given the pace of transactions so far in 2016. From the start of 2016 through mid-May, investors traded more than $3 billion in student housing properties, up from $2.1 billion over the same period in 2015, according to data from Real Capital Analytics (RCA). In comparison, in 2014, investors bought a total of $3.2 billion in student housing properties over the course of the whole year. The same trends that made last year so busy loom even larger this year. Capital from around the world is interested in finding a…
Give me Some (Tax) Credit
The Texas Historic Preservation Tax Credit (THPTC) is a little known incentive program established through Texas House Bill 500 during the 83rd Texas Legislative Session. With the goal of making historic preservation projects more economically viable and feasible in the state, the THPTC offers a 25 percent franchise tax credit for eligible rehabilitation costs for buildings listed in the National Register of Historic Places, as well as in the Recorded Texas Historic Landmarks and Texas State Antiquities Landmarks. The THPTC went into effect on January 1, 2015 and mirrors the Federal Historic Preservation Tax Incentive Program (which offers a 20 percent income tax credit for the rehabilitation of historic buildings) with its three-part application process: (1) Part A: Evaluation of Significance (2) Part B: Description of Rehabilitation (3) Part C:…
Texas Real Estate Market Sizzles
Reprinted from CultureMap Austin The housing market in Texas is as hot as this summer heat. The latest quarterly housing report from Texas Association of Realtors (TAR) shows home sales have continued to increase across the Lone Star State for the hottest season to date. Looking at the second quarter of 2016, the median home price in Texas grew to $215,000, a 7.5 percent increase from Q2 2015, and an all-time high for the state. In addition, active listings rose by 4.1 percent, while the number of closed sales hit 91,418 (up 4.4 percent) — the highest volume of Texas home sales ever. “The last few months have been one of the strongest starts to the summer selling season in the history of Texas real estate,” says Leslie Rouda Smith, chairman of the…
New Music Festival Coming to Texas
The daily CultureMap email arrived this morning with an interesting announcement: there's a new music festival coming to town. And by 'town' I mean '35 miles east of Austin'. Many new festivals have popped up in our area over the past several years, but I thought I'd check this one out. Let me just say this: we might be camping out in 'Sherwood Forest' during the first weekend of November! BEACH HOUSE • EXPLOSIONS IN THE SKY • PHANTOGRAM • RUN THE JEWELS • BIG BOI • PURITY RING • DESCENDENTS • COURTNEY BARNETT • DEATH GRIPS • YOUNG THUG • THURSDAY • MAC DEMARCO WALE • GUIDED BY VOICES • FLAG • BOYS NOIZE • A-TRAK • CHARLES BRADLEY & HIS EXTRAORDINAIRES • FIDLAR • THE DEAD MILKMEN • YOUTH OF TODAY • STRFKR • JAGWAR MA •…