Tagged : Austin Real Estate

Strong Exports and Business Friendly Tax Code are Driving Texas Recovery

Monday, May 17th, 2010 at 10:31am. 465 Views, 0 Comments.

Recent economic downturn has not stopped Texas from making jobs, improving the housing market, and establishing itself as a global player in the manufacture of goods. Surprisingly, Texas petroleum industry is not the driving force behind its turnaround; it is its impeccable ability to jump-start new industries, including renewable wind energy, which provide more jobs and income to Texans prepared to overhaul the housing market crisis.

Compared nationally, Texas is a job maker with an unemployment rate lower than national average. Its low mortgage deliquincy rate (vs. national rate) and financial restraint and strong regulation has helped its housing market fair better than most states. Its energy industry which produces crude oil,…

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October 2009 Shows Surging Austin Home Sales

Thursday, December 10th, 2009 at 4:41pm. 426 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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