-
Follow
Following
Already have a WordPress.com account? Log in now.
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
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
“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
CBS Evening News featured Austin yesterday as the top job-creating city in the country … Continue reading
The Wall Street Journal recently had an article about a “housing stress indicator” that compares many U.S. cities and their pain and continuing vulnerability in the ongoing real estate downturn. Continue reading
The U.S. Bureau of Labor Statistics released five-year private sector employment statistics this morning (Texas cities hold top four job-growth spots), and I was pleased to see that the Austin metro area ranked third … Continue reading
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
As the American-Statesman article says, total non-farm employment in December 2009 was 2,300 jobs lower than December 2008, but recent trends and most economic forecasts (Austin employment picture remains positive) are optimistic. Continue reading
As pleased as I am to be in our relatively healthy local economic environment, we must never forget that in many ways we are all in this together! We still need a national surge in private sector employment. That’s the keystone for all of us.
Continue reading
Bill Morris on Austin Real Estate 