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Austin Economy

The Austin Chamber Of Commerce reports (based on Texas Workforce Commission data) that job losses in Austin from July 2008 to July 2009 were just -0.2%, the best performance among the 50 Top Metros.  Four of the top 10 performers were in Texas:  Austin, San Antonio (-0.8%), Fort Worth (-1.4%), and Dallas (-1.6%).

In addition to climate (well, maybe not this summer), culture (music, restaurants, theater, dance, recreation, health), higher education (colleges and universities with enrollment totaling more than 100,000), and innovative business environment, Austin remains a destination for corporate relocations and folks just choosing a new place to make their lives.  In addition, Austin’s real estate market took some hits when the dot-com bubble burst several years ago and didn’t “enjoy” unsustainable rates of price appreciation since then, so we haven’t felt the last year’s downturn in a significant way.

Desireable place to live, reasonable housing inventory, and stable or slightly growing economy combine to keep our outlook positive.  The $8,000 tax credit for first-time homebuyers doesn’t hurt either.

As far as I’m concerned, Austin is always a great place to be, but there is objective evidence to support that conclusion.

I add frequent updates and links (including the C of C link mentioned above) to the Local Market Information tab on my website:  (

About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.


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