Austin home sales increase year-over-year in July
Last month, home sales in Austin experienced a 32 percent year-over-year increase. According to the Austin Board of Realtors, 1,973 homes were sold in Austin last month and 1,499 were sold in July 2010. Also, the median selling price of a home in Austin decreased by 11 percent to $196,750. Mark Sprague, director of [...]
Housing study surprises San Marcos City Council
The results from a recent study completed by San Marcos city staff surprised City Council members. Contrary to their beliefs, only 26 percent of apartment dwellers in the city are Texas State students. 74 percent of apartments in the city are renter-occupied. In addition, the study shows that 56 percent of Texas State students live [...]
Study predicts thousands more to move to Austin
According to a study of recent census data conducted by Business First, Austin’s population is expected to increase by 6,000 people by the end of summer. The City of Austin currently has a population growth of two-and-a-half times the national average. Austin still ranks as only the 35th largest metropolitan area in the country. If [...]
Homes hold value in first quarter
According to the Texas Association of Realtors’ Texas Quarterly Housing Report, homes in Texas held their value through the first quarter of 2011. In general, home prices across the state rose while sales dipped. Up 1.3 percent from the first quarter of 2010, the median price of a home in Texas was $143,300 in the [...]
Tips for moving in hot weather
As summer approaches, the moving experts at Unicorn Moving & Storage have a variety of tips to help you stay safe moving your home or business in hot weather. First of all, never underestimate the dangers of working or performing physical labor in the heat. Staying hydrated and aware of your physical condition is of [...]
Owning a home is still ‘American Dream’
A telephone survey questioning 2,142 adults revealed that about 81 percent of American adults hold homeownership as their top long-term investment. Homeownership and retirement both ranked above other financial goals and long-term investments including sending children to college and leaving an inheritance. “The study results are surprising in that so many households still believe that [...]
Houston home building firm buys Austin firm
Houston-based home building firm MHI Central Texas, an affiliate of McGuyer Homebuilders Inc., recently purchased all the assets of the Austin-based residential development firm, Wilshire Homes. Combined, the company hopes to be building around 600 homes a year and generating around $180 million in revenue annually by 2014. Executives at MHI have said that they [...]
Statesman reports home building stats
According to the Austin American-Statesman, home building in Austin increased by 37 percent in the first quarter of 2011 compared to the last quarter of 2010. However, home construction was down by 10 percent compared to the first quarter of 2010. Construction began on 1,430 homes in the area from January through March. “Home start activity [...]
Construction begins on several residential developments
A recovering economy and real estate market have led several home building companies to begin work on developments throughout Austin. ”We’re excited about 2011 and 2012. I think a lot of other builders are cash-constrained, which gives us an opportunity to go out and put lots on the ground in A-plus locations,” said Garrett Martin, [...]
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