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A new high ranking for Texas as a business destination, and new announcements from California companies coming here … Continue reading
Equally impressive is that 4 of the Top 5 cities in that ranking are in Texas! Continue reading
There was a good post from Lawrence Yun, Chief Economist for the National Association of REALTORS® today that prompts me to comment: Rising Days on Market The last sentence in Mr. Yun’s article was the most accurate and the most important: “DOM for an individual property is very important and re-pricing will be necessary at … Continue reading
In my last post (see Updated Austin Market Dashboard, 04/29/11) I focused largely on volatility in unit sales, but emphasized that the Austin/Central Texas real estate market has largely maintained a healthy balance between supply (i.e., listing inventory) and demand (i.e., home sales), which allowed our home values to remain much stronger than many areas … Continue reading
The key “unknown” at this point is whether we have more volatility ahead. Locally and regionally, conditions remain good, but without a broader recovery in the national economy and housing sector, continued strong in-migration and the ability of those new Austinites to buy homes is more limited than it should be. Continue reading
In the real world here, I find that modest preparations make more sense for prospective home sellers than the extreme makeovers we see so often on TV.
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“Central Texas is not in the same boat as many other parts of the country. While home sales remain at a slow pace, prices have not dropped, and many economists say an upturn is in the making for 2012 as the region continues to add jobs.” The prevalence of distressed home sales (short sales and foreclosures) in other markets has had much to do with their declining home values and continuing market malaise. Continue reading
Innovation, entrepreneurship, investment, and growth are cultural mainstays in Austin. Being the Live Music Capital and all that that means to the community is an important part of this city, as is the moderate weather, Texas Hill Country, the Highland Lakes, and our central location with easy access to the rest of the state. All of these factors work together to make Austin the dynamic community it is, and these articles and many others tell the stories that make the future look bright. Continue reading
Each of these stories represents confidence in the economic and financial strength of Austin and our healthy supply of high-skill employees. Continue reading
“Since we know Austin went into the recession later, emerged earlier, and lost fewer jobs than most other major metros, it may be helpful to put this month’s performance ranking in perspective by also looking at where Austin and these metros are currently vis-à-vis peak pre-recession employment.” Continue reading
Bill Morris on Austin Real Estate 