December 2009

Austin Ranks High For Next Best Recovering Job Market

Thursday, December 10th, 2009 at 4:41pm. 121 Views, 0 Comments.

Austin ranked #14 on Businessweek's Top 25 Next Job Markets To Recover list. Reports claim that Austin did well during the recession due to the abundance of education and government jobs. Austin, home to the University of Texas and State Capital of Austin, is one of the few cities that have helped to stabilize the economy. Here are the stats:

Last quarter Q3, the annualized job growth was down at only -1.4%. The projected annualized job growth for Q1 2010 is estimated at 1.2%. Austin recently had its first quarter of recovery in Q4. Austin's unemployment rate is 7.3%, lower than the national double-digit average, 11%. The Austin Chamber of Commerce has a great write-up on this here.

Continue reading about the top 25 cities to recover next…

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October 2009 Shows Surging Austin Home Sales

Thursday, December 10th, 2009 at 4:41pm. 94 Views, 0 Comments.

Home sales surged high in October 2009 versus last October 2008. While homes listed were up in 2008, they didn't sell as well compared to 2009 sales according to the Multiple Listing Service report by the Austin Board of REALTORS®. Austin real estate experts attribute the success of Austin's housing market to the tax credit extension.

The following is part of an interview with the Board of Austin Realtors chairman, Jay Gohil:

“Sales volume like this is similar to what we saw in 2005, which is an encouraging sign. It’s possible some of this surge in volume was related to the original deadline for the first-time homebuyer tax credit, so it’s good for our market that the tax credit was both extended until April and expanded to include more…

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Austin's Technology Job Market Still Strong

Thursday, December 10th, 2009 at 4:41pm. 100 Views, 0 Comments.

Even though tech-related jobs in Austin took a sharp turn for the worst this past year, Austin is still one of the best job markets in the U.S. to find employment opportunities in the technology industry. According to the Texas Workforce Commission, Central Texas lost 12% of employed technology workers to layoffs in 2009 as compared to 2008. While Central Texas lost 1/8 of its employed tech workers, Indiana-based Dice, Inc. reports that Austin has the second highest percentage of tech-related job postings in the country, trailing right behind Charolette, North Carolina.


Read more about how Austin's technology industry is fairing here.

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Retail Sales Growth Expected To Improve Austin's Economy

Wednesday, December 9th, 2009 at 6:29pm. 97 Views, 0 Comments.

According to a report done by Pitney Bowes Business Insight, Austin is expected to grow in retail sales through the year 2010. Where there's retail growth, there's economy growth and a better way of living. The nation-wide study includes data from different retail sectors, including drug stores, high-end retail, mid-tier retail, and value retail stores. Austin ranked number one on the list followed by several other Texas cities, including Houston, Dallas, and San Antonio ranking third, fourth, and fifth, respectively.

Catch up on the full article about Austin's projected retail sales growth here.

Does this interest you? Leave us a note in the comments below. We'd love to reach out and connect.

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Is the Housing Market Trending Upward?

Wednesday, December 9th, 2009 at 6:09pm. 106 Views, 1 Comments.

A new report by Zip Realty, Inc. states that homes listings in Austin, Texas dropped 20% compared to homes listings in November 2008. The number of available homes on the market is not as high as it was this time last year. Some market analysts believe this means that the housing market is on the cusp of a positive trend. Across the country, the trend is not as evident with only a 2.4% decrease in homes listings. Austin's economy is well on its way to recovery, but then again, Austin's real estate is not a bubble market and never was in trouble. Austin is and always will be worth your investment.

Read more about the Austin real estate market positive trend here.

Beg to differ? Leave your insight in the comment section below. We'd love to…

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Sweetwater Glen Neighborhood Profile by Jonathan Boatwright

Jonathan Boatwright

Monday, December 7th, 2009 at 12:23pm. 74 Views, 0 Comments.

Sweetwater Glen Neighborhood Information

The following is an interview with Jonathan Boatwright, Sweetwater Glen real estate expert.

Where exactly is Sweetwater Glen located? Sweetwater Glen is located in South Austin, on Manchaca Road.

What is the average price of the homes in Sweetwater Glen? The average price of the homes in Sweetwater Glen is $200,000.

What is the average age of the homes in Sweetwater Glen? Homes in Sweetwater Glen are an average of about a year old.

What is the average size of the homes in Sweetwater Glen? The average size of the homes in Sweetwater Glen is 1,793 square feet.

How long do homes stay on the market in Sweetwater…

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