austin economy: Austin Housing Slowdown - 04/25/07 04:30 PM
That is what the Austin American Statesman ran an article about this week.  As usual, the press loves a headline that doesn't tell the whole story.  Sales of homes in the Austin five county area for March of this year were only up 1% over last year.  What a crisis!  Funny, … (1 comments)

austin economy: Austin Landlorda Are Happy - 04/05/07 10:38 AM
Companies owning office space in Austin are pretty happy right now.  According to the Statesman a few days ago, the Austin area's office space is showing the lowest vacancy rate in six years.  As a result, rents in the downtown area are right up there, being the highest in 6 years.  … (1 comments)

austin economy: Austin's Hot Economy - Jobs, Jobs and More Jobs - 03/22/07 01:35 PM
Austin's economy is hot.  According to Austin Mayor Will Wynn, the Austin metro economy is the strongest in the country.  He said that because of all the jobs we have attracted.  Since 2003, the Austin area has added almost 81,000 jobs.  That is a huge thing.  We have had a lot … (7 comments)

austin economy: The Austin Balloon Expands - 12/28/06 09:29 AM
Austin home prices over the last 5 years:
2002  $157,500
2003  $157,300
2004  $155,460
2005  $163,000
2006  $174,000
These are median prices through November, 2006 - averages are higher.  This trend of rising prices is very likely to continue into next year and probably beyond.  The Austin area is adding people and adding jobs.  The cost to build a … (1 comments)

austin economy: The State of the National Economy - 11/04/06 08:34 AM
The economy is not in great shape, is it?  If you believe what you see and hear on TV, radio, newspapers and magazine (not to mention many bolgs!), that might be what you believe as well.  So why did I read this morning that the unemployment rate nation-wide is at the … (3 comments)

austin economy: Austin Has Jobs - 10/23/06 08:29 AM
I read last week that the unemployment rate in Austin is down to 3.8%.  This is as close to full employment as I have seen since the height of the dot com days.  When you consider that about 3% of the work force is unemployable, this is an amazing statistic.  Job … (0 comments)

austin economy: Dell's Hiring Is Good For The Austin Area Real Estate Market - 09/26/06 01:56 PM
Dell is hiring in the Austin area - not just hiring, but hiring for high paying positions.  By February of next year Dell expects to hire 500 additional engineers in Round Rock.  Round, Rock, a suburb of Austin to the north, absolutely exploded with growth when Dell located its headquarters there.  … (0 comments)

austin economy: Austin is still Hot - 09/25/06 05:25 PM
If you look at real estate in the Austin, TX area, you will see a trend that is not following the national average.  As markets like south Florida, southern Californina and Phoenix have slowed, Austin has heated up.
The 5 county around Austin is adding jobs at a healthy pace.  Our unemployment … (0 comments)

 
Real Estate Agent: Sam Chapman (Keller Williams Realty)
Sam Chapman
Lakeway, TX
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Keller Williams Realty

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Information and observations on the Austin real estate market including market stats and developments in and around Austin that affect residential real estate conditions. Perhaps a few other odds & ends as well!

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