August 2010 
There are 2 blog entries for August 2010.
Let's Recap Where We Are In Discussing the Austin Real Estate Market
Thursday, August 26th, 2010 at 8:20am. 261 Views, 0 Comments.
- This is a buyer's market.
- Austin has twice been dubbed "recession
proof," first by Forbes in 2008 and then by the Brooking's Institute in
June 2010.
- In June, Forbes also labeled the city one of
the nation's "recovery capitals."
- With unemployment at just 7%, we're doing
almost 3% better than the national average, which persistently hangs just under
10%.
- Real estate sales in Texas have been up for the
last three quarters, with April- to-June sales up 14% over the same period in
2009.
The median home price in Texas is $149,200.
That's roughly 15% below the national average, yet property values are just
1.5% off their 2008 peak.
Essentially, Texas didn't just get through the
recession, it got through it without enduring…
Austin: Leading the Way in a Buyer's Market
Monday, August 23rd, 2010 at 10:41am. 276 Views, 2 Comments.
For all that the nightly news might suggest otherwise, this is a
great buying climate -- in fact it's a buyer's market much like 2005.
Investment nerves are not your friends. When you look at the latest figures about
Austin, those nerves don't even make sense.
If you pick up the June 25, 2010 issue of Forbes, Austin is
on the magazine's list of American "Recovery Capitals." Using data from both a
Brooking's study and from Moody's Economy.com, the editors didn't just pick
Austin to make the cut, they put it at the top of a list of thriving
communities. The selection was based on one supremely telling factor --
employment.
According to Forbes, the projected annual employment growth
rate for the city from 2010 to 2014…
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