Texas is still the top state for business, at least to some of the nation’s CEOs. Chief Executive magazine has ranked Texas as the best state for business for the 21st year in a row. The ranking is determined from an annual survey of the nation’s leading CEOs. Florida and Tennessee followed Texas respectively, with California ranking last. Full article here: Texas tops CEOs’ state business...

  Buyers, sellers, investors — all have been affected by the shifting market, locally, nationally and globally.  Although the numbers for what constitutes a “balanced” market vary somewhat by source, a 6- to 6 1/ 2-- month supply (meaning the time it would take to deplete the supply of available listings at the current sales pace) generally is considered a market in balance, with neither buyers...

  Texas faced exponential growth in 2023 and 2024, and those trends aren't slowing down as the Lone Star State sees another month of record employment numbers. In March, Texas saw a new high with the largest labor force in the state's history at 15,778,500. Full article here: Texas records another month of record job growth in March (512) 853-0110 or robert@AustinTxHomeSales.com If you are...

  Housing’s share of the economy grew to 16.4% in the first quarter of 2025, according to the advance estimate of GDP produced by the Bureau of Economic Analysis. This is the highest reading since the third quarter of 2022 and is up 0.2 percentage points from the fourth quarter of 2024. Full article here: Housing’s Share of the Economy Grows Higher to Start the Year (512) 853-0110...

  Waterline, a 74-story skyscraper nearing top floor completion, is at 98 Red River St in Austin’s Rainey Street District. It is set to become the tallest building (at 1,022 feet) in Texas upon its completion next year. Developers say the tower will surpass the state’s current record-holder, the 1,002-foot JPMorgan Chase Tower in downtown Houston.  Full article here: 74-story Waterline is now...

  Existing-home sales have lagged over the past two years, while new-home sales have surged—highlighting a key dynamic: Buyer demand remains strong when inventory is available. “That may begin to shift,” says Lawrence Yun, NAR’s chief economist. “As time passes, life events—such as job changes, family transitions or financial needs—could prompt more homeowners to sell, even if it means...

  Just 6 percent of home sales last year were for-sale-by-owner (FSBO), an all-time low, according to an annual report by the National Association of Realtors, the trade organization that represents over 1.5 million real estate professionals. And the typical FSBO property sold for $380,000 compared to $435,000 for agent-assisted home sales last year. Full article here: They tried to sell their homes...

  Contract signings for home sales jumped in March, which could indicate a reversal of slowing many markets have experienced this spring. Pending home sales—a forward-looking indicator of home sales based on contract signings—climbed 6.1% in March compared to February. The rise in pending home sales could hint at a turnaround, says Lawrence Yun, NAR’s chief economist. Full article here: Signs...

  A record-high 6.8 million households shared their housing with unrelated housemates, roommates or boarders in 2023. While college-age and young adults make up the largest subset of house sharers (close to 41%), this type of living arrangement is gaining popularity among older householders fastest, with the 55+ segment accounting for 30% of all house-sharing households in 2023. Full article here:...

  A modest decline in mortgage rates and lean existing inventory helped boost new home sales in March even as builders and consumers contend with uncertain market conditions. Sales of newly built, single-family homes in March increased 7.4% to a 724,000 seasonally adjusted annual rate from a revised January number. Full article here: New Home Sales Rise in March (512) 853-0110...