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What are the current market conditions in Austin?

The simple answer, it’s a SELLERS market. I will get to the details of why the answer is so much more complex than that in a minute. The definition of a sellers market, is one where demand for homes out paces inventory. Essentially more buyers than sellers, thus sellers have the upper hand in a […]

Spotlight: Austin Job Growth & Unemployment Rankings

Austin has the fastest rate of job growth and the second lowest unemploy-ment rate among large U.S. metros according to the U.S. Bureau of Labor Statistics’ (BLS) Friday release of Metropolitan Area Employment and Unemployment for January 2014.Labor market data for Austin through January was released earlier this month by theTexas Workforce Commission and reported on in the […]

Look out San Antonio, Austin area ready to surpass 2M residents

The Austin metro area is expected to cross the 2 million population mark sometime in the summer of 2015, according to an estimate by demographer Ryan Robinson. The number will be a key milestone for the metro area, which includes Travis, Hays, Caldwell, Bastrop and Williamson counties, but nobody can say they didn’t see it coming. […]

What to expect from Austin’s roaring real estate scene during 2014

austin real estate

Austin’s real estate market — residential and commercial — is the talk of the country. Below are 13 data points Austin Business Journal published in its Jan. 3 weekly edition that illustrate what’s going on, courtesy of Eldon Rude at 360° Real Estate Analytics. They sum up the state of real estate here, and to […]