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Austin growth (RSS)
The Real Estate Center at Texas A&M came out with its 2008 Market Overview for major metro areas in Texas. This is for the Austin MSA, which includes Bastrop, Caldwell, Hays, Travis and Williamson Counties. Cities included are Austin, Cedar Park,
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I wrote a blog post on another blog back in December, 2006 talking about growth to the west of Austin. At that time, it looked like the LCRA would take water lines farther out Hamilton Pool Road and Highway 71. The LCRA was projecting that by the year
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Cedar Park, a bedroom city in the northwest Austin area, is growing like mad. The city added over 10,000 people to the workforce between 2000 and 2005 (source: U.S. Census Bureau). Why? The first thing is that over the last 5-10 years, homes in Cedar
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Despite the general downward trend of real estate throughout the country, a recent survey conducted by First American Loan Performance shows that Austin real estate is truly unique. In fact, the survey found that the prices of homes in Austin have actually
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Everyone in Austin is watching the downtown skyline transform as taller and taller buildings go up. Well, here comes another. Developer Tom Stacy has announced plans for a 66 story hotel and condo tower at 5th and Brazos. Next to this will be a 32 or
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Several things caught my eye today in the news and from the National Association of REALTORS (NAR). First, Anglos Angelou, who I have heard speak several times, gave his economic outlook for Austin 2008. He basically said that he expects 2008 to be flat,
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I just got the latest Austin real estate market statistics from Keller Williams showing the number of units sold by MLS area. This compares 2007 to 2006 and shows a slow-down in most MLS areas. To make more sense of this, click to see an Austin MLS map
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As I sit this morning after having read the newspaper, I am reflecting on how Austin’s economy and housing market are doing compared to back in 2001. That was when our tech-heavy economy went in the tank after the national tech bubble burst. That
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I posted a few days ago about the big population increase in Texas, but now I have some other stats more specific to Central Texas, which includes Austin. If you understand anything about real estate markets, you know that job growth and population growth
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With more and more baby boomers starting to enter retirement, Austin is a great place for them to look for a retirement house. More specifically, the hills from western Austin to Marble Falls as well as the entire Dripping Springs area are the places
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The western Travis, northern Hays and southern Burnett Counties area is poised for some really significant growth. A major medical facility (read hospital with a level 2 trauma center) is slated for Lakeway. A hospital is going into the Marble Falls area.
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The headline in the Statesman's business section this morning read: "Area job market is tightest in 6 years." The seasonally adjusted job growth rate in August was 4.1% The Austin area's unemployment rate was 3.5%How many 5 county markets
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Condos here, condos there, Austin condos everywhere. How many units are planned? There are around 1400 being built mow with another 3000+ over the next few years. Just as we saw back in the mid 80s and late 90s, there are cranes all over downtown Austin.
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Highway 71 is busy - very busy. Now another subdivision planned for the stretch of 71 between Bee Cave and the county line could add another 1000+ homes to that part of Western Travis County. I drove to Marble Falls and back last week and saw that construction
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Two different numbers just came out that are significant. They have nothing to do with each other, but hey - why break this into two posts. First, the Fed dropped the discount rate to 5.75%. This is the rate that the Federal Reserve charges banks to borrow
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