The Texas Real Estate Research Center released its 2023 Texas Economic Forecast, which points to high inflation and interest rates and a moderation of several growth indicators. The Center made clear these were “educated guesses,” given there are so many variables at play. As far as real estate, the Center said existing home sales likely will be lower in 2023 than they were in 2022, due to higher interest rates …
Homes in Texas continued to appreciate in value in the third quarter of 2022 but at a lower rate than the “record highs observed in the first two years of the COVID-19 pandemic,” reported the Texas Real Estate Research Center at Texas A&M’s Texas Housing Affordability Outlook. Year-over-year median price growth was 9.7 percent, while first quarter growth was 8.9 percent. This equaled a third quarter median price of $340k …
The University of Texas at Austin admitted 9,109 first-time, first-year undergraduates this Fall, marking its largest ever incoming class. The university also enrolled more total students than ever, with a total of 52,384. The previous all-time high was 52,261, set in 2002, according to UT News. Additionally, the university set all-time highs in graduation rates: the four-year graduation rate rose to 73.5 percent and the six-year graduation rate rose to …
Although demand across the state for small tracts of land declined 7.8 percent, demand was high enough to push the Texas median price per acre to a record high of $7,530 – an increase of 16.4% year over year, according to the 2022 edition of Texas REALTORS®’ Texas Small Land Sales Report. “Although the median price per acre increased in most of the state, small land sales are still a …
Personal finance website WalletHub ranked Texas the seventh best state for working from home. To determine the ranking, WalletHub analyzed all 50 states and the District of Columbia across metrics such as share of workers working from home, share of potential telecommuters, cybersecurity, cost of electricity and internet, and size and features of homes. WalletHub pointed to increased numbers of people working from home and an even larger amount who …
Texas condominium sales between July 2020 and June 2021 increased 41 percent to 17,152 sales, and townhome sales increased 36.4 percent to 11,508 sales when compared to the previous period, according to the 2021 Texas Realtors® Texas Condominium Sales Report. “This rapid uptick of condo and townhome sales is another great example of demand for Texas real estate. The market for these types of properties is as competitive as ever …
This year, Mozart’s Coffee on Lake Austin is offering three ways to watch its annual Christmas light show: seated at a table, in a standing section, or on the water. It’s estimated the musically synced show uses over one million lights! For reserved tables, visit https://mozartscoffee.com/ and select your day, time, and table location. Four-person tables are $20 and 6-person tables are $30. If your preferred slot is booked, Mozart’s …
U.S. News & World Report named Austin, Texas the fifth best place to live in the United States, based on factors such as being a good value, being a desirable place to live, having a strong job market, and having a high quality of life. Boulder, Colorado; Raleigh-Durham, North Carolina; Huntsville, Alabama; and Fayetteville, Arkansas ranked in places one through four, respectively. The highest-ranked Texas city, Austin also was named …
WalletHub named Austin, Texas the fourth best city to start a career, following Salt Lake City, Orlando, and Atlanta. Columbia, South Carolina rounded out the top five. Austin ranked first in the nation for quality of life, with Salt Lake City coming in second. Austin was 22nd for professional opportunities. WalletHub compared “the relative market strength and overall livability of more than 180 U.S. cities” to determine the rankings, designed …
National Housing Inventory Down almost 50 Percent Housing inventory in the United States was down 48.6 percent in February 2021 compared to February 2020, according to a realtor.com® report. This equates to about 496,000 fewer homes on the market this February compared to last February. At the same time, the national median list price was up 13.7 percent to $353,000. When Texas metros saw severe winter weather the third week …
