They say that everything is bigger in Texas, but there’s an important exception that’s key to improving housing affordability in the state: new homes. Last year, Texas was the No. 1 state for permitted housing units, accounting for 15% of the national total, well above the state’s 9% share of the U.S. population. And, Realtor.com announced it is relocating its headquarters from California to Austin,...
Here are the December/2024 MLS single-family statistics for Austin, TX: While December ended 2024 with a slightly slower month than November, it still had some positives like being our 3rd month in a row of increasing home closed sales and our 2nd month in a row where home prices increased over their respective months the prior year. And, we were better than our 2024 monthly averages (see...
Below are the five-year averages for our Austin metro single family home sales between 2020 and 2024. For the first image, Number of Home Sales, I note the following: 2000 and 2001 were the Covid years which created aberrations in every statistic of our home sales that we will likely never see again in our lifetimes. Therefore, it is best that we confine our analysis to the past 3 years...
More capital will be injected into the commercial real estate market this year as pricing is expected to be favorable for investors, according to a new survey from CBRE. The Investor Intentions Survey showed that interest rate shifts will present challenges, but not enough to bother otherwise optimistic sentiments. This year, 70 percent of respondents plan to acquire more assets than a year ago and 75...
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