Austin Community, Austin economy, Austin News, Austin Real Estate News, Uncategorized
Apartment occupancy levels, a healthy resale supply and new home inventory at record lows put Austin in a positive position in 2011, according to a recent report by Metrostudy, a national housing data and consulting firm that maintains the most extensive primary database on residential construction in the US housing market. “With economists forecasting 2% [...]
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Austin condo sales doubled last year, while prices were stable, according to recent Multiple Listing Service data released Monday. A report from AustinTowers.net, a downtown Austin real estate blog, compiled MLS data from 25 downtown residential towers. The group tracked 168 sales last year, or about 50 percent more than in 2009. The average selling [...]
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AUSTIN (Austin Business Journal) – 1/7/2011 – MPF Research predicts the Texas capital will become the country’s second best apartment industry performer this year, just behind San Jose, California. Austin’s apartment occupancy increased 3.6 percentage points over the last year to 93.5 percent, one of the nation’s strongest increases. Austin’s occupancy is anticipated to rise an additional [...]
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December 30th, 2010 (Los Angeles Times) - Rising interest rates have lifted fixed mortgage rates back to the levels of last spring, Freddie Mac said as 2010 wound down, with a reminder that judging by the past, that’s an impressive place to be. For the year as a whole, 30-year fixed mortgage rates for well-qualified borrowers [...]
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Austin was ranked as having the 26th best economic recovery worldwide, the highest rank of all U.S. cities, a report from the Brookings Institution said Tuesday. The analysis ranked 150 cities according to three main indicators between 1993 and 2010: employment growth, per-capita gross value added and income per person. The group said Austin employment [...]
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The new census estimates are out and there is interesting information about Austin, TX. Education Currently our 38.7% of our population has a bachelors degree compared to 27.9% nationally. This is ranked 4th in the nation. Population Out of the 50 largest metropolitan areas Austin has the highest in-migration of population. According to the census [...]
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– Austin Business Journal The W Austin Hotel & Residences has begun taking reservations for guests arriving Jan. 15. The $300-million Stratus Properties Inc. and Canyon-Johnson Urban Fund II LP joint venture is opening on time and on budget, according to officials. It will be the latest addition to downtown’s growing 2nd Street District and [...]
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Asked where the developers had projected the Austonian to be in terms of sales by this time compared with the 70 sales to date, Mitchell said, “we had hoped to be a little higher” — but not hugely higher, given the lofty prices, which he said limits the pool of buyers. “We didn’t expect to [...]
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The HBA held the 2010 Mid-Year Economic Housing Forecast yesterday. The program was presented by Dr. Ted C. Jones, PhD, Senior Vice President and Chief Economist for Stewart Title Guaranty Company. After receiving a Bachelor of Science degree in Agricultural Economics from Colorado State University, Ted earned a PhD in finance with a minor in [...]
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By Les Christie, staff writerJune 15, 2010: 2:08 PM ET NEW YORK (CNNMoney.com) — As the nation struggles to shrug off the worst housing crash since the Great Depression, it may be hard to believe a housing shortage could be on its way. The nation is simply not building enough homes to keep up with [...]
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