Tuesday, May 12th, 2015 at 6:03pm. 477 Views
Yes, it is getting more expensive to buy a home in Austin, Texas, but according to SelfStorage.com, it’s still the best city in the United States in which to buy a home.
SelfStorage looked at the 60 biggest metro areas in the U.S. and factored in recent real estate price increases, long-term economic growth, long-term job growth, availability of relatively new housing, cost premium (the ratio of the local median home value to the local median income,) and real estate taxes – all to declare Austin the winner.
How did we stack up? The report cited:
- Austin had the highest long-term job growth, at 3.1%.
- Austin the second-highest economic growth among the Top 12, at 4.1%.
- Austin had the second-highest share of recent construction, at 33.1% of
Tuesday, April 28th, 2015 at 3:45pm. 1,300 Views
What’s this we spy at Whole Foods? A local Austin favorite: P.Terry’s vegetarian burger patties, alongside a new version created especially for Whole Foods: vegan patties. The popular all-natural burger chain’s patties will now be sold in four-packs in the freezer section.
The P. Terry’s veggie version is made with brown rice, crimini mushrooms simmered in cream, black beans, oats, onions, cheddar cheese, and fresh-cut parsley. The new vegan version is based on the original version and substitutes dairy, soy, and gluten free Daiya cheddar and mozzarella-style vegan cheeses.
The patties began rolling out in Austin’s five Whole Foods this past weekend and will be sold at more than 30 stores in the southwest region, across Texas, Louisiana, Oklahoma,…
Monday, April 27th, 2015 at 10:02pm. 188 Views
Vacation home sales reached a record high in 2014, rising above the last peak level reached in 2006, before the housing market crash, according to the National Association of Realtors®’ annual survey of residential homebuyers.
The survey, which included existing home and new home transactions during 2014, showed vacation home sales reached an estimated 1.13 million, the highest amount since the study was first issued in 2003. 2014’s numbers for vacation homes were up 57.4 percent from 2013, nearly doubling the combined total of the previous two years. They accounted for 21 percent of all transactions in 2014, also their highest since the survey was first conducted.
“Affluent households have greatly benefited from strong growth in the stock market in…
Thursday, April 23rd, 2015 at 3:25pm. 790 Views
Austin Home Prices Reach All-Time High in March
Once again, we have a record breaking month in Austin real estate. Single family home prices hit an all-time high for the Austin area, and sales volume set a record for the month of March, according to a Multiple Listing Service (MLS) report released by the Austin Board of REALTORS®.
How high have home prices gone?
Average price increased 13 percent year-over-year to $334,758, and median price increased 10 percent to $255,000.
The total dollar volume of single-family properties sold in March 2015 was $816,809,520, a whopping 28 percent more than March 2014. Home sales volume reached its record by increasing 13 percent year-over-year to 2,440 homes.
Interestingly, over half of the homes sold in…
Monday, April 13th, 2015 at 11:10am. 977 Views
The Austin-Round Rock metropolitan area grew by three percent between July 2013 and July 2014, making it the fastest growing metro area in Texas and the third fastest growing in the United States, according to the United States Census Bureau.
The estimated population for the Austin-Round Rock area is now 1,943,299, about 57,500 more than the last estimated period. This is an over 13 percent increase in the area’s population in the last five years.
Four Texas metro areas were among the nation's 20 fastest growing by percent change. Austin-Round Rock was followed by Odessa at fourth, Midland at ninth, and Houston at 11th. Harris County, which contains Houston, added more people than any other county in the nation, at 89,000. Houston-The…
Tuesday, March 31st, 2015 at 10:31pm. 1,185 Views
For the first time in five years, Willie Nelson's 4th of July Picnic will return to Austin, Texas. The 42nd edition of the all-day event will take place Saturday, July 4th at Circuit of The Americas' Austin360 Amphitheater. The picnic will include a fireworks display to celebrate America's birthday.
"The first 4th of July picnic was outside Austin at Dripping Springs, Texas," said Nelson. "I got the idea from Woodstock about how music could bring people from different places together. I had just moved to Austin and had come to realize what a great music center it was and could be. I thought it would be a nice idea to, this year have it back in Austin, but at a more comfortable venue for the fans AND the pickers.”
The event will feature performances…
Tuesday, March 31st, 2015 at 4:29pm. 605 Views
The millennial generation, those ages 34 and younger, was the largest group of recent homebuyers, according to the 2015 National Association of Realtors® Home Buyer and Seller Generational Trends study. This is the second year millennials have garnered the largest percentage, 32 percent, which was one percent higher than the previous 12-month period. Generation X, those ages 35-49, was a close second with 27 percent.
“Many millennials have endured underemployment and subpar wage growth, and rising rents and repaying student debt have made it very difficult to save for a down payment. For some, even forming households of their own has been a challenge,” said NAR chief economist Lawrence Yun. However, “Fixed monthly payments and the long-term financial…
Saturday, March 21st, 2015 at 10:00am. 464 Views
Austin-area home sales and prices both broke records in February, continuing a trend for 2014-2015. A Multiple Listing Service (MLS) report released by the Austin Board of REALTORS® showed that 1,775 single-family homes sold in February 2015, which resulted in a five percent increase compared to February 2014 and the highest number of homes ever sold for that month.
Many REALTORS® have been seeing increased competition among buyers for Austin’s listings, with homes in the most popular areas and neighborhoods going under contract at or over list price within a few days of listing. As Austin enters the most active period of the year for home sales, this same influence looks to be in place for a busy spring-summer.
Along with rising sales,…
Tuesday, March 10th, 2015 at 5:07pm. 549 Views
Austin real estate brokerage Regent Property Group has released a new Austin home search real estate App, designed to let you search for available homes in the Austin market from the palm of your hand. Created for iOs mobile devices, this user-friendly and free App can be downloaded at your online App store by entering, “Regent Property Group,” and then clicking through to complete the process.
Using your mobile Apple device, the Regent App is as simple as click-and-view. You can search for homes while you’re on-the-go and even use your location to discover nearby listings. Driving through a neighborhood you love? Let the App tell you what active listings are nearby! Have a group of “favorites?” The Regent App will help you keep track of your favorite…
Tuesday, February 24th, 2015 at 9:52am. 2,153 Views
Areas with the highest median home values don’t necessarily correlate with the highest home wealth, this according to mapping company ESRI, whose recent research into the financial demographics of Austin, Texas zip codes was reported by the Austin Business Journal.
Austin's "wealthiest ZIP code" was not, for example, the upscale 78746 area of Westlake Hills and Rollingwood or even central Austin’s historic Tarrytown, but rather the south Austin zip code of 78739. 78746, with its median home value of $712,704, ranked second for wealth. 78732, 78737, and 78738 round out the top five.
The zip code of 78739 has a population of 18,352, with 5,823 households. The average household income is $159,738, the average net worth is $1,688,505, the average…