As home builders aggressively slash prices to boost sales, prices of newly built homes are coming down. The median sales price of a new home in June was $401,800, which was about 5% lower than in May. Newly constructed homes in June were also far cheaper than existing homes. The median sales price of an existing home rose to a record high in June of $435,300. Full article here: Newly Built Homes Are...
Governor Greg Abbott today celebrated Texas as the No. 1 state for jobs added over the last 12 months following the release of July employment data by the U.S. Bureau of Labor Statistics (BLS). Texas added 232,500 nonfarm jobs from July 2024 to July 2025, more than any other state and outpacing the U.S. annual growth rate. Full article here: Texas Leads U.S. For Jobs Added Over Last Year (512)...
As I mentioned to you previously, I’m sending you these 5-year charts for home sales, average sales price and home inventory for our Austin metro, 5-county region to help you graphically see what has been happening in our market. Here are my comments: For all 3 graphs, keep in mind that 2021 was the last and only full calendar year of our red-hot, record-setting 48 month-long market that was...
Believe it or not, there are clear signs buyer interest is heating up again. Let’s talk about what’s really going on behind the scenes, and why the housing market might not be as quiet out there as it seems. One of the clearest ways to measure what people are thinking about is to look at what they’re searching for online. And according to Google Trends, searches for phrases like “home for...
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