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There is an obvious upward trend overall from 2008 through 2011, and the shape of this curve in 2011 looks very much like pre-bubble 2005. Year-to-date dollar volume in 2011 (January through September) is just 2% lower than the same period in 2005.
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Austin’s “slow and steady” performance during the recession means that a dip compared to last year’s very unusual July price spike should not be surprising. The longer-term view remains encouraging. Continue reading
Austin is ranked #2 in this study of “markets to watch” in 2012 Continue reading
A few days ago the Austin Business Journal noted that Texas has the best business climate in the United States, according to Site Selection magazine. What makes Texas attractive? Here’s an interesting compilation of reports from the business journals in Austin, San Antonio, Houston, and Dallas: Grow Texas
What fields offer the most abundant employment opportunities in Austin? Continue reading
Our market absorption rate has dipped over the past couple of months, but this is the fiirst time since 2005 that we have seen this metric bouncing around the long-term average of 21% rather than a much lower level. With continuing uncertainties in the U.S. political and economic scene, and in the world economy, these Winter months may remain a little soft, but if history is an indication then we are poised to enter a new growth phase in the local real estate market. Continue reading
I have presented Cash For Keys proposals and consistently found mortgagors happy and relieved to find an alternative to the kind of forced eviction many pictured …. Continue reading
Austin’s Gross Metropolitan Product grew 6.97% in 2010 — impressive performance, placing Austin 2nd among the 50 largest local economies. Continue reading
Clear Capital recently issued its latest report on the residential real estate market in the United States, including lists of the highest and lowest performing major metropolitan areas. Here’s how Austin compares. Continue reading
In case you missed it, the Texas Legislature enacted new rules in this year’s session aimed at making sure that property owners claiming the Homestead Exemption from a portion of their property taxes are legitimately using the home as their primary residence. That law took effect on September 1, 2011. If you already own your … Continue reading
Bill Morris on Austin Real Estate 