Marc Warshawsky's Real Estate Blog 
Austin Ranked 2nd in the Nation for Tech Startup Jobs
Wednesday, April 25th, 2012 at 4:47pm. 4 Views, 0 Comments.
Bested by Austin: Seattle ranks No. 3 for tech startup jobs
by Emily Parkhurst on Thursday, March 1, 2012, 12:24pm PST
http://www.techflash.com/seattle/2012/03/seattle-ranks-below-san-francisco.html
Seattle was outranked by two cities in this year’s Payscale.com list of hotspots for technology startups.
San Francisco…
Austin: 2nd Highest Job Growth Rate Among Top 50 US Metro Areas
Wednesday, April 25th, 2012 at 4:37pm. 6 Views, 0 Comments.
By: Beverly Kerr, Vice President, Research, Austin Chamber of Commerce
The Austin metropolitan area added 26,800 jobs, or 3.5%, in the 12 months ending in January, according to the latest release of preliminary payroll jobs numbers by the Texas Workforce Commission and the U.S. Bureau of Labor Statistics. Among major Texas metros, Houston does best with year-over-year job growth of 3.7%, but Austin's 3.5% growth rate makes it the second best performing among the 50 largest U.S. metros. Fort Worth is fifth fastest growing with a 2.9% increase. Dallas just misses the top 10 with 2.2% growth and San Antonio's 1.3% put it at 31st. Read full report here.
While Austin's government sector lost 1,400 jobs, or 0.8%, over the last 12 months, each private sector industry added jobs and private sector job growth totaled 28,200 or 4.7%. Texas saw net private sector job growth of 3.9%, but total job growth was only 2.5% due to 72,000 jobs (3.9%) lost in the government sector. Likewise, private sector job growth was 2.1% for the U.S. for the 12 months ending in February (there's presently one more month of data at the national level), but government job losses (0.9%) mean total jobs increased by only 1.6%.
Any Blues Fans Out There? Buddy Guy & Jonny Lang together at the ACL Moody Theatre in Austin
Wednesday, April 25th, 2012 at 4:21pm. 14 Views, 0 Comments.
Buddy Guy and Jonny Lang were just announced to be playing at the new ACL Moody Theater, downtown Austin on Wed June 20.
I plan to attend. Buddy Guy is a legend, and Jonny Lang is likely to become one once he puts somes years behind him.
The Beatles did "When I'm 64". Buddy Guy's new record, which I highly recommend, has a song called "Almost 74".
This is just one of the reasons why I love Austin!
SXSW is Almost Here - Free Music Shows at Auditorium Shores
Tuesday, March 6th, 2012 at 1:44pm. 17 Views, 0 Comments.
January Market Statistics
Thursday, February 23rd, 2012 at 2:45pm. 18 Views, 0 Comments.
January Market Statistics
2012 | 2011 | YOY Change | |
Active Listings | 6,557 | 8,144 | -19.5% |
Homes Sold | 1,051 | 952 | 10.4% |
Median Sales Price | $176,550 | $189,950 | -7.1% |
Average Sales Price | $224,589 | $249,810 | -10.1 |
According to Leonard Guerrero, Chairman of the Austin Board of Realtors, January marks the eighth straight month in which the volume of home sales in Austin has outpaced the previous year and the inventory of homes has decreased.
In January, the Austin market had just 4.1 months of inventory (defined as the number of active listings
…Austin is the #1 Market to Watch in 2012
Monday, January 30th, 2012 at 5:05pm. 27 Views, 0 Comments.
According to Trulia's Chief Economist, Jed Kolko, when asked which real estate markets he thought would do well in the coming years, he indicated "small cities are hot" and Austin, TX is #1 on his list of cities to perform well in 2012.
Jed went on to say:
"In 2012, the local housing
markets that will enjoy rising prices, new construction or both, are those that
start the year with stronger job growth and fewer empty homes holding back the
market. Based on these factors, along with other leading indicators, here are
my top five cities to watch:
#1 Austin, TX, and #2 Houston, TX.
Steady job growth and a
construction revival make Austin and Houston two of my five cities to watch.
Texas isn't
Austin Real Estate Market Snapshop - 2010 vs. 2011
Monday, January 30th, 2012 at 4:33pm. 26 Views, 0 Comments.
Annual Real Estate Market Snapshot - 2010 vs. 2011
- 19,220 - Single-family homes sold, seven percent more than 2010.
- 1,970 - condos sold, one percent more than 2010.
- $193,000 - Median price for single-family homes, unchanged from 2010.
- 84 - Average number of days that single-family homes spent on the market, seven days more than 2010.
- 30,668 - New single-family home listings hit the market, 12 percent less than 2010.
- 8,609 - Active single-family home listings on the market, 15 percent less than 2010.
- 21,002 - Pending sales for single-family homes, seven percent more than 2010.
- $4,931,910,843 - Total dollar volume of single-family properties sold, nine percent more than 2010.
- 4.1
Mortgage Rates Sink; 30-Year Reaches 4.12%
Thursday, September 15th, 2011 at 9:27am. 54 Views, 0 Comments.
Mortgage rates hit record lows this week, reflecting continued market and U.S. employment concerns, Freddie Mac's chief economist said Thursday.
Rates on 30-year fixed-rate mortgages averaged 4.12% for the week ending Sept. 8, down from 4.22% last week and 4.35% a year ago. The mortgage's previous low was set the week ended Aug. 18, when the rate averaged 4.15%.
Concerns about euro-zone sovereign debt and a weak U.S. payrolls report for August put downward pressure on yields on Treasury bonds, enabling fixed mortgage rates to hit new lows, according to Frank Nothaft, vice president and chief economist of Freddie Mac. Fixed mortgage rates are closely related to yields on 10-year Treasury notes.
"On
…Santana Tonight at the New Austin City Limits Moody Theatre
Monday, September 12th, 2011 at 5:38pm. 52 Views, 0 Comments.
So much good music to choose from - Access is easy - Hardest part is finding the time.
Wow. That was a great concert. Carlos Santana is a master, now 65 yrs young and still going strong. His band was an 11 piece band, including his new wife on drums. Great!
Home Prices Still Falling, but Not in Austin
Monday, September 12th, 2011 at 5:23pm. 61 Views, 0 Comments.
source: Austin Business Journal by Cody Lyon , Staff writer Date: Wednesday, August 31, 2011, 10:32am CDT
Austin-area home prices continued to hold steady but most markets in the U.S. are still waning.
That’s according to the latest Home Price Index report by CoreLogic Inc., which showed July 2011 Austin-area home prices rising by 0.1 percent over prices in July 2010. That’s when distressed sales were included.
When distressed sales aren’t factored in, area home prices rose 0.7 percent during that period.
The same didn’t hold true for much of the country where the foreclosure crisis has had a deeper impact. Nationwide, when distressed properties are factored in, average home prices fell by 5.2 percent in July 2011 compared to July
…