October 2005

Austin Economy Gaining Steam

October 30, 2005

Austin’s economy on a roll again Confident employers pick up hiring pace This article from today’s Austin Statesman is a great read. It outlines what is happening with Austin’s economy at present – and it’s all good news. Real Estate in Austin has returned to a Seller’s Market in the price ranges below $400,000, and [...]

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Buying Austin real estate in booming suburban areas outside Austin

October 17, 2005

Buyers often ask me about small towns surrounding Austin, such as Kyle, Manor and Hutto, where new homes can be purchased much cheaper than in Austin. Investors and first time buyers have flocked to these areas and purchased many of the homes sold there in the past 4 years, and continue to do so because [...]

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Austin office market continues rebound

October 13, 2005

Amid strong job growth, rents hit a three-year high; vacancy rates are lowest in four years. The article below, from the Austin Statesman, is yet another indication that Austin’s real estate sales and rental markets may have seen the bottom of the recent three year dip. Back in 2001, when Austin bled jobs, we felt [...]

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August Austin Real Estate Sales Market Update

October 8, 2005

Austin continues to see sales activity supporting the notion that Austin is headed toward a seller’s market. There are 4 key indicators of a tightening market – Number of Homes Sold, Active Listings, Average and Median Sales Prices, and Average Days on Market. All four of these indicators are moving in the direction of a [...]

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Austin Area housing market still in high gear

October 8, 2005

The article below is from the Austin American Statesman. Housing starts and closings in Central Texas set a record even as mortgage rates rose and job growth slowed. AMERICAN-STATESMAN STAFF Thursday, October 06, 2005 Central Texas home builders continue to build and sell houses at a torrid pace, despite rising mortgage interest rates and a [...]

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Austin Rental Market Update – October 2005

October 2, 2005

Average rents in Austin improved very slightly in August over July to $1258 per month. The average rented price per square foot remains at $0.69 citywide and the average size rental home is 1823 square feet. A total 4,456 single-family homes have leased through the Austin MLS Jan 2005 thru Sep 2005, an average of [...]

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