Sunday, October 26th, 2014 at 2:55pm. 504 Views
2014 likely will end as the second best year ever in Texas real estate for existing home sales, said a housing market expert with the Real Estate Center at Texas A&M University. It would follow 2013, which is the current “second best year ever” in terms of home sales volume.
Center Research Economist Dr. Jim Gaines said 2013 “was second only to 2006, which was at the height of the housing boom and all the easy financing. And 2013 wasn’t that far off from that. This is going to become the new second best year ever. We are having a really terrific year.”
Recent Multiple Listing Service (MLS) data show sales of existing single-family homes in Texas were 7 percent higher in September 2014 than in September 2013, and 217,690 homes have sold this year,…
Wednesday, October 22nd, 2014 at 5:38pm. 204 Views
Home Prices Set September Record, Home Sales Rebound
Austin-area median and average home prices both set records for September 2014, with median price increasing eight percent year-over-year to $240,000 and average price increasing seven percent year-over-year to $308,514, the highest figures ever for the month of September. Home sales also had a substantial rebound in September after declining for two months, with a 10 percent gain compared to September 2013 and 2,524 home sales, according to a Multiple Listing Service (MLS) report released by the Austin Board of REALTORS®.
“September’s 10 percent increase in home sales, despite ongoing issues in housing affordability, is a testament to the strong population and job growth that the Austin area…
Sunday, October 19th, 2014 at 11:21am. 212 Views
The State of Texas set a new record for job creation, with the addition of 36,400 jobs in September, according to data released by the Texas Workforce Commission. This brought the total number of jobs added by employers over a 12-month period to 413,700, the largest gain ever recorded in the Lone Star State.
Additionally, the civilian labor force population topped 13 million for the first time, with 13,005,600 employed, and the unemployment rate dropped to 5.2 percent in September from 5.3 percent in August. In September 2013, the rate was 6.3 percent.
“There’s never been a better time to look for new opportunities in Texas,” said TWC Commissioner Representing Labor Ronny Congleton.
Every major industry in Texas has shown positive annual growth…
Monday, October 13th, 2014 at 6:44pm. 863 Views
Ready to see history in action? A ship that landed along the Texas coast nearly 330 years ago will be reassembled in the galleries of the Bullock Texas State History Museum beginning October 25, 2014. One of French explorer Robert Cavelier, Sieur de La Salle's ships, the La Belle is “arguably the most important shipwreck in the Western world,” according to the City by the Sea Museum in Palacios. This is because of its age – it sank in 1686 - and its condition, which is remarkably preserved, leaving even items like rope and wood and leather available for study, providing a veritable “time capsule” of European colonization efforts in North America.
An 800-pound keel and 1,100-pound keelson are the largest remains of La Belle. These will form the…
Tuesday, September 30th, 2014 at 7:45pm. 892 Views
Miss the spring Lady Bird Johnson Wildflower Center plant sale? Fall is actually the best time to plant in central Texas, and on October 11 and 12 the Wildflower Center will have 300 species of native plants, trees, and shrubs for purchase at its twice annual plant sale. A members-only sale will take place on October 10.
Visitors will be able to choose from hundreds of hardy Texas natives bred to thrive with Austin’s climate, and both public sale days will include numerous activities, including tours and book signings. Travis County Master Gardeners also are on the schedule to answer questions.
Expected plants include Chalk Maple, Indigo Bush, Butterflyweed, and Anacacho orchid tree. Plant prices will range from $3 for 6-packs and four-inch plants…
Thursday, September 25th, 2014 at 10:21pm. 1,006 Views
Locavore - a person who eats food that is grown, raised, or produced locally, usually within 100 miles of home.
Austin abounds with opportunities for locavores, from farmers’ markets to community-serviced agriculture to community and home gardens, fresh and local food is only the next meal away.
Looking for a more nutritional-packed punch? Local food usually is fresher, riper, and better-tasting than food that was picked too early or shipped thousands of miles. And, because there is less travel time, there is less of a need for preservatives or processing, both of which can rob food of its nutrient-dense properties.
Plus, when you buy from local farmers, you can ask them about their growing or raising processes: Is this free of chemicals,…
Friday, September 19th, 2014 at 11:57am. 2,640 Views
Another Dip for Monthly Home Sales Volume
In August 2014, Austin-area home sales declined compared to last year for the second consecutive month, but prices continued to rise. According to the Austin Board of REALTORS® Multiple Listing Service (MLS) report, Austin-area home sales decreased four percent year-over-year in August to 2,835 single-family home sales.
Double Digit Rise for Home Prices, Strong Year
However, the median price for single-family homes jumped 11 percent to $247,500, and the average price rose nine percent to $311,414. In addition, single-family homes sold more quickly, spending an average of 42 days on the market, one day fewer than August 2013. The total dollar volume of single-family properties sold also is up, to…
Tuesday, September 16th, 2014 at 11:49am. 1,291 Views
The Austin Business Journal has released its annual list of the top 25 private schools in Austin, Texas. The rankings from the 2014 Book of Lists are based on the 2012-2013 school year.
The top-ranked school is Regents School of Austin. Regents is a Classical Christian school in Travis Country in southwest Austin. Approximately 1,000 students in kindergarten through 12th grade are enrolled in the school as of the 2014-2015 school year, and 12 percent of the 2014 seniors are National Merit Scholars. Regents’ student/faculty ratio is 9:1, with 60 percent of the 7th grade to 12th grade faculty having advanced degrees.
In addition to rigorous academic programs, the school offers drama, dance, orchestra, band, choir, and visual art electives with state…
Thursday, August 28th, 2014 at 3:44pm. 1,081 Views
Six-pack? 12-pack? Maybe somewhere other than Texas. An Austin brewery has found the perfectly proportioned package of beer in its new seven-foot, 99-pack box, which is, by all accounts, the world’s “first and only” 99-pack of beer. At 12 ounces each, that’s over half a keg’s worth of beer – and a mighty heavy (82-pound) box that takes a few folks to carry and may or may not fit in your car, at least conventionally.
Austin Beerworks released the limited edition $99 package in conjunction with renaming its original ale, Peacemaker Anytime Ale. While this may sound like a joke or a piece for the The Onion, Austin Beerworks commented: “Is it a joke? Yes. Is it real? Also yes."
We brew what we like to drink.
The 99-pack is only available with…
Friday, August 22nd, 2014 at 3:48pm. 2,367 Views
Austin-area Real Estate Statistics
This month’s Austin real estate market report is dominated by two statistics: a dip in home sales for the first time in over three years and an annual increase in housing inventory for the first time in three years.
In July, Austin-area home sales dipped three percent to 2,944 single-family homes sold, according to an Austin Board of REALTORS® Multiple Listing Service (MLS) report. Since this is the first decrease in home sales since May 2011, it is notable, but it also follows a surge in June, which saw a double digit increase of 13%.
In addition, “July 2013 had the highest monthly home sales volume in Austin’s history, so we knew it was going to be a tough month to beat,” said ABOR President…