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In the Austin area, the median home sales price was $459,450 in May; within Austin's city limits, the median price was $608,438
Austin posted an occupancy level of approximately 96.8%, based on Weitzman’s review of retail market conditions at midyear 2024. The basically full occupancy percentage is based on a market ...
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The Texas Oil and Gas Association (TXOGA) is a industry group representing the petroleum and natural gas industries in Texas. Texas is the biggest producer of fossil fuels in the United States, account for 41% of crude oil production, 25% of natural gas, and 31% of refining capacity. [1]
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
As of December 2024, homes in the Austin metro are on the market for an average of 80 days. Realtor.com has more localized data, showing how long homes are taking to sell in each zip code across ...
A sharp regional recession in the southwestern United States and Texas, caused by a drop in oil prices, caused a fall in the value of commercial real estate in those areas. Thrifts in those states, highly exposed to local commercial real estate prices through their heavy aggressive lending activities, quickly became insolvent. [58]
Once-hot Central Texas housing market cools as higher mortgage rates cut into buyers' purchasing power, but also give them leverage in negotiations. What to expect in the Austin housing market in ...
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