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Austin was one of only two cities to experience positive growth in both prices and unit sales over this 12-month period. Austin’s 5% increase in median price was below the 7.8% average rate of increase since 1990, but still a strong performance. Couple that with growth in unit sales of more than 3x the national average, and this is really impressive. Continue reading
A couple of weeks ago I wrote about the strength and optimism of the multifamily residential market in the Austin/Central Texas market. I promised to keep an eye on this and report further news. Today, this article indicates the same kind of confidence nationally.
I have written frequently over the past year or so about many analyses in which Austin ranked at or near the top in terms of economic strength. This Chamber report includes some details of growing employers that I have not seen summarized in one place previously.
The Austin Chamber of Commerce posted an interesting report today based on the Texas Manufacturing Outlook Survey. The outlook is optimistic. I want to comment on just a couple of charts from the Chamber’s article, and one from the source report.
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I am proud to be part of the RE/MAX family. This video and my earlier post highlight some important reasons.
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Throughout the recession and housing downturn I have been writing about how different the Austin/Central Texas experience has been from national press stories on the economy. In less than four minutes, this video hits all the high points of what I’ve been saying all that time. Rock on! Austin Rocks!, posted with vodpod
There is an argument that diminishing a landowner’s water rights directly diminishes the value of the land itself, and so constitutes a “taking” by governmental authority. There are differences in the needs of a landowner who plants cotton compared to a rancher, or compared to a landowner who bottles and sells water. At the same time, Texas is growing quickly, and cities’ water needs are under stress.
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In early February I wrote about rising rents and planned construction in the Austin/Central Texas multi-family residential sector. This morning’s Austin American-Statesman featured an article showing specific evidence of that confidence.
Times and markets may have changed in recent years, but the benefits of being a home owner rather than a renter are still the same. (And it’s a great time to buy now!) Continue reading
Twice each year, Jeff Osborne, Broker/Owner of RE/MAX Capital City conducts business meetings with all company agents and staff. Discussion is wide ranging and mostly forward-looking, but reporting on past performance versus our competition is always worth a couple of slides. Continue reading
