Texas market news
The Woodlands and Cinco Ranch were two of the top-five-selling master-planned communities in the U.S. in 2011, according to data released by John Burns Real Estate Consulting LLC. The Woodlands ranked No. 2 based on 945 home sales, up from 786 sales in 2010. Cinco Ranch came in third with 862 home sales, up from 823 sales in 2010. Read more at the Houston Business Journal.
Texas ranks as having the ninth-best tax climate in the U.S. for businesses, according to a new report by the Tax Foundation. Despite ranking relatively low on the corporate and tax components, the state ranked high in other components, partially because it does not levy an individual income tax. Read more at the Austin Business Journal.
After a trend of increasing sales prices during the last half of 2011, the Abilene housing market ended the year with the median sales price up 6% over last year. Despite the year marking the fourth consecutive year of declining sales, local REALTORS® note the market improved in 2011 and is stable overall. Read more at the Abilene Reporter-News.
College Station is among 40 new metropolitan areas recognized this month for improvement in housing permits, employment, and house prices. According to the National Association of Home Builders index, the College Station area has seen a 4.5% growth in employment, a 7.8% increase in home prices, and a 3% rise in single-family housing permits. Read more at WTAW.
Residential listings from Texas REALTORS® across the state.
