Friday, June 19th, 2015 at 3:25pm. 686 Views
Austin Home Sales Slightly Dip, Prices Hit Monthly Record
Single family home sales in the Austin area dipped two percent in May 2015, after setting a record the previous month, according to a Multiple Listing Service report released by the Austin Board of REALTORS®. Despite the slight pullback in sales volume, sales prices set a record for the month of May.
Austin Home Prices
The median price for single-family homes increased nine percent compared to May 2014, coming in at $271,000. The average price increased seven percent compared to May 2014, coming in at $348,201. Historical appreciation is typically about four percent annually, according to the Real Estate Center at Texas A&M University, and therefore Austin continues to outpace its…
Wednesday, June 10th, 2015 at 6:19pm. 1,188 Views
The Austin Symphony’s annual tradition of “Concerts in the Park” returns this summer at the Hartman Concert Park at the Long Center City Terrace in central Austin. In its thirteenth year, the free, live music series features ensemble performances from members of the Austin Symphony and runs most Sunday evenings through the summer. Music selections will range from jazz and light classical music to pops selections and film scores.
Attendees are encouraged to bring blankets, folding chairs, and picnic dinners to enjoy the music, which begins at 7:30 p.m. on Sunday evenings from now through August 23, excluding the fifth of July. Attendees generally are a mix of symphony enthusiasts, families, and even passersby from the popular outdoor recreation areas…
Tuesday, June 9th, 2015 at 6:05pm. 616 Views
Round Rock, Texas is the third most affordable city in the United States, according to a Nerd Wallet study comparing median household income to average cost of living in over 300 metropolitan areas around the country. Rather than ranking cities by where it was the cheapest to live, the study reflects where dollars stretch the furthest.
The study used a combination of comparisons: median household income, income index, cost of living index, grocery index, housing index, utilities index, transportation index, health care index, and goods and services index. The report cited, “In our study, we make a distinction between ‘cheap’ and ‘affordable’ by comparing a place’s median income with its cost of living to find truly affordable places.”
Monday, June 8th, 2015 at 4:05pm. 595 Views
Jobs numbers continue to go up in Texas, despite lower oil prices, according to the Monthly Review of the Texas Economy by the Real Estate Center at Texas A&M University.
From April 2014 to April 2015, the state gained 304,200 nonagricultural jobs, an annual growth rate of 2.6 percent. This is .4 percent higher than the United States job growth rate, which was at 2.2 percent.
In this same time period, the nongovernment job sector in Texas grew by 282,200 jobs, an annual growth rate of 2.9 percent. Nationally, the nongovernment job sector grew by 2.6 percent.
Texas’ seasonally adjusted unemployment rate fell to 4.2 percent in April 2015 from 5.2 percent in April 2014. The nation’s rate decreased from 6.2 to 5.4 percent
All of Texas’ industries,…
Wednesday, May 27th, 2015 at 5:25pm. 1,430 Views
The cleantech sector contributes approximately $2.5 billion to the Austin region’s GDP, according to the first ever economic impact report for the industry. The report, created by CleanTX, the development organization for clean technology in Central Texas, along with Austin Technology Incubator, also found the industry employs nearly 20,000 individuals in the region, which includes Georgetown, Round Rock, San Marcos, Westlake, and other area cities.
In the first attempt at quantifying the Central Texas cleantech sector, the report cited the industry’s expected growth in the coming years. Cleantech employment in the Austin region is projected to grow 11.24% by 2020; this is almost two percent higher than the statewide expected growth of 9.3% and almost…
Wednesday, May 27th, 2015 at 3:56pm. 1,402 Views
Millennials, take note.
Austin, Texas was named the third best city in the nation for starting a career, based on an analyzation by WalletHub of a combination of professional opportunities and quality of life. Overall, Austin ranked number one for its quality of life and number 11 for its professional opportunities.
The study aimed to represent the factors “young people have in mind when looking for a place to set down roots.” And, WalletHub was cited in a Forbes article: “Not only do more employers plan to hire recent college grads in 2015, according to the National Association of Colleges and Employers, but hiring in general is also on the rise.”
WalletHub analyzed and ranked the 150 most populous U.S. cities to find the results, which included…
Friday, May 22nd, 2015 at 11:20am. 707 Views
All-Time Highs for Austin Real Estate
Austin area home sales increased for the eighth-straight month in April, breaking the April sales volume record and hitting an all-time high for prices, according to the April 2015 Multiple Listing Service (MLS) report released by the Austin Board of REALTORS®.
“The summer selling season doesn’t usually start in April, but it arrived early this year with significant increases in single-family home sales and prices for April 2015,” said ABOR President Barb Cooper.
Home prices in the Austin area hit an all-time high, once again. For April 2015, the median price increased 14 percent year-over-year to $274,000, and the average price increased 11 percent to $341,054.
“Showing the impact of…
Tuesday, May 12th, 2015 at 6:03pm. 723 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. 1,606 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. 773 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…