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While the Austin housing market isn’t sizzling, agents say it is still warm

Housing Wire

From 2020 until the middle of 2022, the Austin metro area was turning heads for its massive influx of homebuyers and its exponential home price growth. In early March 2020, prior to the onset of the pandemic , the 90-day average median list price for a single-family home in the area was $357,000.

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Texas startups build 3D-printed homes to boost inventory, battle climate change

Housing Wire

A pair of Texas startups hope to put a dent in both of these problems by using 3D printing technology to build homes in Central Texas, according to reporting by the Texas Tribune. Still, 3D-printed homes are a novel concept. In 2017, the very first 3D-printed home was built in Yaroslavl, Russia.

Inventory 421
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Fix-and-flip investors are filling in the gaps in some housing markets: report

Housing Wire

Roughly 80% of real estate investors surveyed are selling single-family homes at or above asking price after fully renovating the properties to make them habitable, according to a report from real estate marketplace New Western. 50%), Charlotte, NC (49%), Jacksonville, FL (48%) and Houston, TX (46%).

Investors 368
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Housing inventory crisis continues in 2022

Housing Wire

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Houston, we have a problem. This data comes from the recent existing home sales report which has been outperforming lately.

Inventory 537
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Texas homeownership rate reaches an all-time high

Housing Wire

Texas home sales pushed third-quarter activity up compared to “depressed” Q2 levels, rebounding 6.3%. The report said that thanks to record low mortgage rates , new home transactions increased over 8%. The report said that although lot development slowed in Q3, single-family permits and construction values “ trended upward.”.

Inventory 406
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Homeowners gain $8.2 trillion in housing wealth over 10 years

Housing Wire

Despite this decrease, some markets such as Los Angeles and New York, still saw housing wealth rise due to increasing home prices. ” Nationwide, the median single-family existing-home sales price rose at an annual pace of 8.3% From 2010 to 2020, middle-income households gained $2.1

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House flipping hits lowest level since 2000

Housing Wire

of all home sales in the first quarter of 2021 were flips — or one in 37 transactions, the lowest level since 2000. Per a report from ATTOM , a national property database, 32,526 single-family homes and condominiums in the U.S. It’s also down from 7.5%, or one in 13 sales, in the first quarter of 2020.

Investors 481