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"Austin and Dallas-Fort Worth Tipped as Top U.S. Housing Markets for 2024, Texas Cities Bracing for Surge in Homebuying Interest"

Hoodline.com writes, "the sizzling property markets of Austin and Dallas-Fort Worth are tipped to be the nation's hottest in 2024, with the National Association of Realtors (NAR) planting them atop their forecast for burgeoning housing demand.

Amid a landscape punctuated by rising prices and competitive bidding wars, Texans in these metros might find themselves in an increasingly tight squeeze to land that dream home.

Lawrence Yun, chief economist at the NAR, paints a picture of a local housing market where mortgage rates, although not at their historic highs, continue to shape the playing field.

In an interview with NBC 5 DFW, Yun pointed out that as companies converge on Dallas-Fort Worth, bringing in a slew of new residents, the price tags…

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"50 winners revealed for Austin Residential Real Estate Awards"

Austin Business Journal shares, "it's almost time to honor Central Texas' top-selling Realtors, along with superlative homebuilders and master-planned communities.

Austin Business Journal's 2024 Residential Real Estate Awards are scheduled for next month. The winners, listed below, will be recognized and rankings per category will be revealed at the annual event. Winning builders and neighborhoods will also be awarded based on judging by the ABJ.

Even as the Austin housing market normalizes from the high-flying days of the pandemic, Central Texas Realtors and builders have stayed busy and have plenty to celebrate. The March 21 luncheon will be held at the JW Marriott Austin. For more information or to secure tickets, go here.

Read about last…

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"New real estate report calls Austin housing market 'optimistic'"

KVUE AUSTIN, Texas writes, — "Real estate experts are calling the housing market in Austin "optimistic."

Unlock MLS released its January market analysis on Wednesday. It shows the median home sales price in the Austin-Round Rock area dropped about 4% to $430,000. At the same time, residential home sales increased by about 4% compared to the year before.

A housing economist for Unlock MLS and the Austin Board of Realtors (ABoR) said although mortgage rates are still elevated, a recent decline is leading to lower home prices and an increase in closed sales.

“January marks the 15th consecutive month of year-over-year median sales price declines in the Austin-Round Rock housing market, empowering more homebuyers to enter our…

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"Hundreds of apartments slated to rise in Thomas Ranch development west of Austin"

Austin Business Journal reports, "Thomas Ranch, a 2,200-acre mixed-use project on the shores of Lake Travis, continues to take shape.

Salt Lake City-based developer Areté Collective LP has been toiling away on the first phase of construction — a private residential community named Loraloma — while Wasatch Premier Properties recently came on board to build hundreds of multifamily units on another 58 acres west of Austin. Areté Collective recently sold the 58 acres to Wasatch, an arm of Utah-based Wasatch Group, according to a Jan. 30 announcement.

Wasatch's "decision to become the inaugural development partner within Thomas Ranch’s downtown district brings us one step closer to delivering a lively destination to live, work, and play in West…

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"Austin takes top spot as 'best-performing' US city"

Austin Business Journal reports, "the Austin area has retaken the top spot on the Milken Institute's prestigious 2024 Best-Performing Cities list.

Such a listing will undoubtedly draw the eyes of people looking for a new place to live or start a business, and it combats anyone's perception that Austin has passed its prime.

The index from the nonprofit think tank has been published annually since 1999 and ranks cities on a variety of metrics, including job creation, wage growth and output growth. Designed to help the public and private sectors evaluate and compare cities throughout the nation, the list is particularly handy for Realtors, job recruiters and site selectors.

Austin's position this year at the summit of Milken's largest cities…

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"U-Haul: Austin ranked No. 5 among top cities for one-way moves in 2023"

Austin Business Journal shares, "Austin was among the hottest destinations in the country for where people were moving last year, according to the latest annual ranking from U-Haul International Inc.

Austin ranked No. 5 among the top U.S. growth cities in 2023, and Texas was again named the top state for move-ins for the third consecutive year, according to data released Jan. 2 and Jan. 3.

U-Haul collects migration data from more than 2.5 million one-way U-Haul truck, trailer and moving container rentals for the year. It ranks the top "growth states" and "growth cities" by net gain, which contrasts the number of one-way U-Haul trucks entering a city or market versus those leaving.

U-Haul migration trends don't directly correlate to an area's…

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"Apartment rents have declined in Austin recently, but will the trend continue into 2024?"

Austin was one of the top three U.S. metros that saw the most significant rent declines in November, a new report says, and some experts believe the trend could continue into next year.

Austin experienced a 5.4% decrease year over year, with a median asking rent of $1,575. That's according to Realtor.com’s recently released November Rental Report. The other two metros that had the most significant rent declines were Orlando, Fla., (down 6%) and Dallas (down 4.1%).

In mid-November, Orphe Divounguy, a senior economist at Zillow, said the Austin housing market has cooled down due to the construction boom and declining housing affordability in the past year.

"As the vacancy rate rises, the growth of rent (and home values) is anticipated to…

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"Texas is winning the US economy"

Business Insider writes, "Texas is becoming the poster child of the US economy.

A new Wells Fargo analysis determined that Texas is outpacing many states regarding GDP and employment growth, despite some struggles in commercial real estate.

These findings echo a Bank of America report from earlier in December that determined the Southeast's economy may outpace other regions of the US.

In 2023, Texas experienced the third-fastest growth in terms of population, increasing 1.6% between July 2022 and July 2023 — compared to 0.5% nationwide. This amounted to about 473,000 new residents, many moving from different states.

In 2023, net domestic migration — the number of people who moved into Texas from another state, minus those who moved out —…

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"Austin's hottest real estate stories of 2023: Refreshing renovations and soaring suburb popularity"

CultureMap Austin shares, "Editor's note: As 2023 comes to a close, we're looking back at the stories that defined Austin this year, starting with the red-hot topic of real estate. Following booming growth since the pandemic, Austin's real estate market has seen some dramatic swings, but that's not all that happened this year. From Austin's neighboring towns soaring to new heights, to reinvigorating renovation plans throughout the city, here are the hottest real estate headlines of 2023.

1. Surprising Central Texas city boasts No. 1 U.S. housing market for first-time buyers. Homebuyers looking to live outside of the bustling big city should turn their attention 70 miles north of Austin, to Killeen.

2. Austin suburb boasts 9th hottest ZIP code in…

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"Austin Housing Market About to Hit Turning Point"

Newsweek reports, "Austin, Texas, the fastest-growing large metro area at the height of the COVID-19 pandemic, is set to see house prices plummet as sellers look to come to terms with buyers who are interested in purchasing homes but struggle to contend with elevated prices, analysts told Newsweek.

The city saw population growth of 5 percent between 2020 and 2022, and housing demand helped push up prices.

"There is so much in-migration of households that has been a real support for both rental and owner occupied housing markets," Brad Case, chief economist at real estate developer Middleburg Communities, told Newsweek.

That dynamic is shifting, Case suggested, as buyers balk at the high prices, which will force sellers to adjust.

"If you…

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