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There is a difference between comparing employment from month to month, and comparing to the same month in a previous year. The Austin metro area gained jobs on a month-to-month basis for 8 of the 12 months from February 2009 through January 2010. Continue reading
While Austin has certainly felt the effects of the recession, I see good news in the TWC data. Admittedly, I am a “glass is half full” kind of guy, but I can’t figure out how to interpret that actual data negatively! Continue reading
We all read and hear so much bad news about the national real estate market that keeping a realistic perspective about the Austin/Central Texas area is difficult. The average sale price in December 2009 was about 4% higher than in January 2008, and the median price increased about 2% during that same two-year period. Continue reading
Warren Buffet has made a lot of money by being right in his forecasts more often than he has been wrong. Bloomberg News reported yesterday on his recent report to Berkshire Hathaway shareholders. Continue reading
Two months of consecutive decline is worrisome, and even Austin and Central Texas participated in this weakness. As always, I the movement of the Austin Metro real estate market on my AustinMarketDashboard, and the decline is visible there, as is the usual price weakness that accompanies weak demand. Average home prices in Austin have now been below the long-term trendline for more than a year. Continue reading
In my opinion, continued artificial support will only make the correction worse when it does happen, so we should allow the market to seek its own course, with minimal external manipulation. Continue reading
The challenge is growing without sacrificing Austin’s wonderfully unique culture and lifestyle. There are a lot of people here who think we already missed that boat, but I think we’ve done pretty well, as evidenced by the fact that these young, leading edge firms continue to find the area attractive.
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Even though Austin is in far better shape that many other places, these Fannie Mae and Freddie Mac will continue to struggle for a long time to come. Continue reading
Austin and Central Texas remain in a very strong position, not only to weather the continuing national economic storm, but to attract new growth and jobs and investment even as the rest of the country works through a very difficult recovery. Continue reading
Are we really over the crest or just in a trough between waves? Continue reading
Bill Morris on Austin Real Estate 