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Lake Travis and Lake Buchanan are holding 849,000 acre-feet of supply. We used 880,000 acre-feet in 2011. See the problem? The State Water Plan must be funded. Please contact your representatives. Continue reading
Help to advocate these changes now — talk to friends and business acquaintances, and most importantly contact your representatives in Congress. These changes are needed this year! Continue reading
An open letter from RE/MAX chair to presidential candidates …. Continue reading
A few days ago the Austin Chamber Of Commerce published a very good summary of employment and unemployment in the Austin area … worth reading. Continue reading
Austin is ranked #2 in this study of “markets to watch” in 2012 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
Austin’s Gross Metropolitan Product grew 6.97% in 2010 — impressive performance, placing Austin 2nd among the 50 largest local economies. Continue reading
There’s no way to put lipstick on this and improve the national picture. The housing industry is troubled and is likely to remain so for some time to come. But I encourage folks who already own homes in Austin, or plan to, to keep the faith. Our fair city’s performance remains much stronger than national news stories will lead you to believe. Continue reading
There is every reason to expect some seasonal softness in unit sales and prices in the coming months, but as I mentioned at the outset the Austin/Central Texas economy remains resilient. Economic strength continues to attract employers and employees to move here, that trend is filling available rental space and pushing rents upward, and as those new Austinites either sell homes elsewhere or just gain confidence in their futures they become Austin-area homeowners. Continue reading
Lot’s of reasons to “like” Austin …. Continue reading
Bill Morris on Austin Real Estate 