Texas Home Sasles Skyrocketed in 2016
It looks as though the Texas real estate market— and in particular, the Austin real estate market—is going to once again break records in all facets in 2016. The latest reports from the Texas Association of REALTORS® and the Austin Board of REALTORS® show records in both home sales and prices, which could be good news, but it may also cause questions about the future of the market for potential buyers and sellers.

A staggering 247,931 homes were sold across the state in the first three quarters of 2016, with the median home price currently at $214,000 (a seven percent increase from this time last year). These statistics increase when it comes to Austin homes for sale. The median home price in the Austin-Round Rock area is at $279,900 (a 7.7 percent…

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5 Austin Communities For New Residents

Whether it's the job growth, particularly in the tech sector, or the relatively affordable real estate market, Austin has seen a big increase in new residents recently. In fact, Austin's 19,117 new residents between 2014 and 2015 is the eighth largest increase in population of all U.S. cities with a population of more than 50,000, according to the Austin Business Journal.

The new residents are coming from a variety of places, although in recent years it seems more and more are migrating from California. Recent U.S. Census data shows these residents are, for the most part, settling in areas five different areas ranging from Austin's city center to 30 miles outside the city.

1. Downtown Austin

The city center of Austin always seems to be…

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Where to Buy Austin Real Estate If You're in the Tech Industry

Time and time again, Austin has been recognized for the rapid expansion of its tech industry and its booming population. Affectionately called the Silicon Hills, many even speculate that this Texas city is due to be the next Silicon Valley. In fact, a recent article in Forbes named Austin one of the five the most likely cities to take the coveted spot.

The need for a new Tech Mecca stems from the fact that the Silicon Valley real estate market has reached a saturation point. Built along the bustling San Francisco Bay where property is scarce, the average home in Los Altos, CA is valued at $2.3 million. By contrast, the median sale price on the Austin real estate market is a much more modest $216,000 because land is plentiful and new development is…

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As of November 2016, there are 38 skyscrapers being built in downtown Austin. With the downtown core only measuring three square miles, that's a lot of construction in a small area. It's no wonder the city skyline is embellished by a network of construction cranes angled in the sky, the bands of metal that make up their stems and arms crisscrossing higher and higher.

While the majority of these buildings are intended for commercial purposes, eight of these 38 new construction projects are intended to be high-rise condo and apartment buildings.

Located out of view of the State Capitol Building where building heights are restricted, these structures intend to tower high in the sky. Many of them plan to have upwards of twenty or thirty stories.…

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Austin seems to be in a constant state of construction. To drive through the city with an eye to the sky, is see dozens of cranes hanging their heavy metallic heads under the weight of their load. You may wonder, what are they building?

Everything. From apartment buildings to residential communities to trendy office spaces, the population of Austin is growing, and the Austin real estate market is literally rising and expanding to the challenge.

Moving to Austin

Any recent graduate of the University of Texas or the nearby Texas A & M University, will be able to tell you, Austin has what many other university towns lack: jobs. With numerous tech companies moving to a tax-free city and setting up shops that are continually expanding, there are job…

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