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It’s a treat to keep seeing Austin on “good news” lists and rankings …. Continue reading
As I study market conditions in Austin and Central Texas real estate, I continue to see significant contrasts between our area and conditions elsewhere …. Continue reading
Not only did we dodge the worst of the effects of the recession and housing downturn, but we were recognized as the first city to enter the recovery phase, and now our innovative spirit and success as an incubator of small businesses is being held out as an example of how to grow and succeed in the future. Continue reading
“Pending Home Sales on an Upswing” …. In addition to an increase in March in the number of homes sold and closed, the number of pending contracts is up, which should bode well for April and May closings. However ….
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I am pleased to see Austin among the 25 best, but I am equally happy to see us near the bottom of that list … for a number of reasons. Continue reading
With these arguments against this hiring, I assume Chase sees offsetting strength in Texas and expects to originate many more loans here than they have in recent years. Continue reading
Last week the U.S. Commerce Dept. announced that new home sales were up 27% in March 2010 compared to February. The surge was described as the strongest (in units) since July 2009, and the largest percentage month-to-month increase in 47 years. How did Austin compare? Continue reading
Austin is just simply not like the rest of Texas. From the quirky cast of characters that populate Congress Avenue to burnt orange-clad University of Texas students, bats to Longhorns, four-star restaurants to down-home barbecue joints, corporate CEOs to struggling musicians, Texas’ capital city stands apart from the rest. Continue reading
Austin most expensive rent in TX. As is generally true, press reports are best served with context.
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News reports about the national economy and the national real estate market should be the starting point for analysis, not the end. Of course, we are susceptible to some national trends, but we also have our own local and regional strengths. Just like some companies fail while others thrive in difficult times, local and regional economies have comparative advantages and disadvantages, and optimism for the Austin/Central Texas area has been widely reported. Continue reading
Bill Morris on Austin Real Estate 