Austin Real Estate Today Radio | Austin Realty Podcast | Episode 5 for Aug 13, 2012

Latest Austin housing market news from Kevin Cottrell and Perry Henderson covered during the Austin Real Estate Today Radio Show | Austin Realty Podcast during the week of August 13th, 2012.

Latest Austin housing market news from Kevin Cottrell and Perry Henderson covered during the Austin Real Estate Today Radio Show | Austin Realty Podcast during the week of August 13, 2012.

Austin housing market discussion of Austin real estate news related to:

Austin Home Prices Continue to Escalate
* Corelogic Data
* 7.5% vs. Year ago June (6.9% w/o Distressed)

$35 million mixed-use project planned for East Austin
* Called thinkEAST
* 300,000 s.f. 28 building complex
* 150 Residences targeting low to medium income
* Former Petroleum Tank Farm

Corelogic: National House Prices increased 2.5% in June 
* Solid gains in pricing for first six months of 2012
* House prices nationally are up and bottom is in
* Rents up in 24 of 25 markets of US
*More expensive to rent vs. buy in many markets

The Housing Bottom and the Unemployment Rate
* Housing Typically leads recovery from recession
* Normally a lag of 18-24 months
* Overhang in housing inventory -- sluggish recovery

Austin Realty Market updates for new construction project by Standard Pacific Homes - Circle C Avana Esquel with Nick Easley of Standard Pacific Homes.

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