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Last week I attended a great presentation by Mark Sprague, Director of Information Capital for Independence Title. Here are some key takeaways. Continue reading
Increased weighted building permits and housing starts accelerated the Texas Residential Construction Leading Index (RCLI) to its highest level since April, signaling improvements in residential construction activity through year end. Continue reading
Austin is the second-best place to live in the U.S. … Continue reading
Much has been said over the past couple of years about housing affordability in the Austin area, and rightfully so. This is not hopeless, however. There are ways to address this trend, by allowing the addition of much more, and more varied housing stock throughout the area. Continue reading
There is a difference between home prices being bid up to unrealistic levels through shear speculation, and the way Central Texas home values are being driven by real supply and demand forces, supported by strong employment and population growth and buying power provided by a still very conservatiove mortgage lending industry. Continue reading
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
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
What fields offer the most abundant employment opportunities in Austin? 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 