Category Archives: Home sales comparison

Austin Real Estate Market Stats April 2015 v 2016: Where did Austin Increase 33%?!

Hello, hello!

It has been a while since I shared some market updates with you, so I was doing a little researching–and decided to share some interesting finds on the Austin market (for the month of April, 2016 in comparison to same time last year) as the market is really starting to stir up, school comes to an end & the busy Summer begins from home projects and vacations, to buying and selling.

Some areas have increased from last April as much as 33%, some down 5%, to find out more about which hoods, and where your next investment may need to be…read on.

“The market is hot!” Bet you haven’t heard that yet? (sarcasm).

As I am sure you have noticed: VALUES ARE UP! Taxes are up! Rents are up. Highrises are going up, and travel times are going up…and my clients who purchased only three years ago… Are movin’ on up.

jeffersons

All signs of a booming metro (according to Forbes, Jan 2016) show how much our housing market has increased–and this blog is more so about in what particular areas…

First–to understand what areas I will be referring to in the charts below-You must know the Austin MLS areas. You can choose a particular area to see the stats. I did not break them up by zip code, there are several zips in an MLS area.

Secondly, if you would like data specific to you, not listed in this blog-let me know- I can get it for you. All data comes from the Austin Board of Realtors, based on MLS data (which 99% of home sales are entered into).

Let’s look at Austin as a whole, first. All the Austin Board of Realtors area coverage (from Austin to Dripping Springs, Wimberly and Kyle to Georgetown, Taylor and Cedar Park for example):

 Greater Austin

Median

Average

 

Apr 2016

Apr 2015

% Change

Apr 2016

Apr 2015

% Change

List Price

$282,000 $269,900

+ 4.5%

$343,647 $336,725

+ 2.1%

Sold Price

$280,000 $265,000

+ 5.7%

$338,844 $330,111

+ 2.6%

Square Feet

1,958 1,957

+ 0.1%

2,132 2,141 -0.4%

LP/SF

$141 $133

+ 6.3%

$167 $160

+ 4.7%

SP/SF

$140 $131

+ 6.5%

$165 $157

+ 5.1%

SP/LP

99.7% 99.4%

+ 0.3%

99.0% 98.7%

+ 0.2%

DOM

12 11

+ 9.1%

45 44

+ 0.6%

Note above I bolded “as a whole.” Because when you are just looking at Austin in general, and not including the 5 MSAs surrounding Austin, the numbers are lower.

Now, let’s get down to the Austin core…yep DT (downtown).

skyline2

How were prices in April of this year compared to 2016? (Also note we have a few more high rises in the works to be built DT as well as more apartment complexes that are projected and just opened in the last year downtown.

                   Median Average
 DT AUSTIN Apr 2016 Apr 2015 % Change Apr 2016 Apr 2015 % Change
List Price $397,500 $434,500 - 8.5% $509,920 $682,700 - 25.3%
Sold Price $387,500 $430,000 - 9.9% $497,007 $654,846 - 24.1%
Square Feet 831 1059 - 21.6% 960 1171 - 18.0%
LP/SF $506 $450 + 12.5% $523 $543 - 3.7%
SP/SF $489 $435 + 12.2% $510 $526 - 3.0%
SP/LP 97.9% 98.0% - 0.2% 97.5% 97.4% + 0.1%
DOM 23 21 + 9.8% 42 53 - 21.3%

Yes, you did see a decrease that I highlighted on percentage changed for our average sales prices, BUT not to be alarmed-as the stats are only comparing downtown to one month vs “the big picture.” Downtown still increased year to year and the other important thing to note is that the square footage listed in April was smaller than that of April 2015, therefore it skews the numbers to look as if there was a decrease–when there is really no area in Austin that has dipped in sales values. And while all signs point to the market steadily increasing–timing could be off in comparison. For example, more people put their expensive condos on the market April 2015 v 2016, but there may be an influx of listings coming the next few months.

longcenterDTview

CHECK OUT VOLUME IN APRIL ACCORDING TO HOUSING PRICES FOR GREATER AUSTIN:

Price Range Quantity DOM Price Range Quantity DOM
$149,999 or under 207 46 $500,000- $549,999 90 48
$150,000- $199,999 424 26 $550,000- $599,999 60 53
$200,000- $249,999 517 29 $600,000- $699,999 94 73
$250,000- $299,999 425 49 $700,000- $799,999 52 56
$300,000- $349,999 312 46 $800,000- $899,999 28 41
$350,000- $399,999 260 51 $900,000- $999,999 25 53
$400,000- $449,999 176 71 $1,000,000 or over 47 67
$450,000- $499,999 138 53 Total: 2,855 45
Apr 2016 Apr 2015 % change 2016 YTD 2015 YTD
Sold Listings 2,855 2,847 +0.3% 9,527 9,244 +3.1%
Volume $967,399,611 $939,825,174 +2.9% $3,141,290,016 $2,950,183,540 +6.5%

As I mentioned above, some of the decreases I am seeing in specific central Austin areas (downtown, clarksville, west lake etc.) more so have to do with scarcity of inventory and higher prices than lack of desirability. Some of these areas take very specific buyers; for example, the average sales price in charming Clarksville is $910k!

INVENTORY 1B Apr 2016 Apr 2015 % change 2016 YTD 2015 YTD
Sold Listings 24 28 -14.3% 69 94 -26.6%
Volume $11,928,174 $18,335,700 -34.9% $45,552,206 $58,488,050 -22.1%

Let’s talk about North Austin (aka: area 2n; aka 78758, 78753). With the growth of the Domain and many tech companies moving and expanding in North Austin, it is no wonder over one year’s time the average sales price has shot up 19.5%!

Area 2N April-16
Median Average
Apr 2016 Apr 2015 % Change Apr 2016 Apr 2015 % Change
List Price $230,000 $199,900 + 15.1% $226,642 $187,470 + 20.9%
Sold Price $237,500 $206,390 + 15.1% $227,839 $190,629 + 19.5%
Square Feet 1425 1415 + 0.7% 1446 1363 + 6.1%
LP/SF $148 $131 + 12.7% $155 $135 + 14.8%
SP/SF $153 $138 + 10.8% $156 $137 + 13.8%
SP/LP 100.4% 100.7% - 0.3% 100.5% 101.3% - 0.8%
DOM 4 4 0.0% 33 10 + 229.2%

Click HERE to see the map breakout of areas. This is also the area I personally live in (what! what!) want to know more? Contact me!

domain growth

Let’s explore some more areas and evaluate home prices…read on…

When you head North east to the MLS area: NE (out toward Parmer and 290… near Samsung…and yes an old landfill) you have some new developments on the rise. If you are commuting to N. Austin, I think this can be a great buy for those who:

1. Solely want new construction (various builders and neighborhoods) at an affordable price and/or

2. As an investment–the area only has more acreage and room to grow with easy access to large companies, toll roads and highways and if staying E. not too bad of a commute into central Austin. Great for rental property or to live in, and hold.

Area NE
Median Average
Apr 2016 Apr 2015 % Change Apr 2016 Apr 2015 % Change
List Price $225,000 $192,900 + 16.6% $239,439 $199,669 + 19.9%
Sold Price $226,021 $193,900 + 16.6% $237,895 $198,490 + 19.9%
Square Feet 1739 1928 - 9.8% 1876 1939 - 3.2%
LP/SF $134 $111 + 20.7% $131 $107 + 22.4%
SP/SF $134 $109 + 22.6% $130 $107 + 21.8%
SP/LP 100.0% 100.0% 0.0% 99.6% 99.7% - 0.1%
DOM 6 5 + 20.0% 16 19 - 13.8%

Which neighborhoods and builders am I referring to exactly in NE Austin? Check out the homes in this area above: HERE. There are a lot of new neighborhoods (and some only a few years old, still growing in this area). This area mainly comprises 78754 and 78753 and extends East to Manor. Some of the neighborhoods are Bellingham Meadows. Enclave of the Springs, Walnut Creek Enclave, Stirling Bridge, Parkside at Harris Branch, Pioneer Crossing, Pioneer Crossing West. In price points ranging from the affordable starter home, $205k, only a few years old to brand new homes you can pick finishes etc. around $350k. (here’s an old blog on purchasing new construction HERE).

And how is East Austin (area 3, aka 78723) fairing in home sales? Well, there is no doubt about it, the development of Mueller has increased housing not only in the diverse and eclectic, new community (that is still developing), but the surrounding neighborhoods such as Windsor Park, The Grove, University Hills, Cherrywood and St. John’s have all seen an increase in sales due to Mueller.

There are plenty of homes built in the late 60’s, updated and renovated, but like many areas of Austin–tons of new (and not so “affordable” developments can be found…like, HERE)!

Median Average
 AREA 3 Apr 2016 Apr 2015 % Change Apr 2016 Apr 2015 % Change
List Price $375,000 $309,900 + 21.0% $371,796 $315,289 + 17.9%
Sold Price $372,500 $300,000 + 24.2% $370,279 $311,335 + 18.9%
Square Feet 1579 1508 + 4.7% 1593 1483 + 7.4%
LP/SF $244 $207 + 18.0% $238 $216 + 10.2%
SP/SF $244 $206 + 18.4% $238 $213 + 11.8%
SP/LP 100.0% 100.0% 0.0% 99.7% 98.6% + 1.1%
DOM 8 11 - 31.8% 41 43 - 4.0%

Perhaps two of the hottest Austin areas are South of the river and East of 35 (78741 and 78744).

One area in particular, {in my opinion that is undervalued and coming around–great rental investment opportunities} I have been telling many people who want to invest in is: 78744..or aka Area 11 on the map, check out what homes you can find HERE.

Median Average
Apr 2016 Apr 2015 % Change Apr 2016 Apr 2015 % Change
List Price $199,900 $190,303 + 5.0% $211,912 $174,797 + 21.2%
Sold Price $203,110 $186,393 + 9.0% $211,246 $172,907 + 22.2%
Square Feet 1313 1466 - 10.4% 1590 1545 + 2.9%
LP/SF $144 $120 + 20.0% $139 $116 + 20.2%
SP/SF $149 $120 + 25.1% $139 $114 + 21.4%
SP/LP 100.0% 99.4% + 0.5% 99.8% 99.2% + 0.6%
DOM 8 17 - 51.5% 30 59 - 48.7%

You can find everything from grandma’s house to new construction in this area, above, that’s for sure.

 

However, if you are willing to spend a bit more—and you heard the news of Oracle relocating to East Austin on 27 acres, East of DT, overlooking Lady Bird lake… then this may be the area for you, (but the cat is out of the bag on this area–as it has increased already since last year 33.2%). Holy moly…one of the largest increases of all the Austin areas. With the boardwalk completion, easy access to airport, DT, ACC campus and more, it is no wonder people are choosing to invest in this area.

Median Average
 Area 9 Apr 2016 Apr 2015 % Change Apr 2016 Apr 2015 % Change
List Price $242,450 $224,500 + 8.0% $251,058 $193,749 + 29.6%
Sold Price $242,750 $217,000 + 11.9% $253,746 $190,471 + 33.2%
Square Feet 1122 1245 - 9.9% 1233 1239 - 0.4%
LP/SF $206 $159 + 29.8% $209 $153 + 36.2%
SP/SF $206 $143 + 44.2% $210 $150 + 39.9%
SP/LP 100.0% 97.6% + 2.5% 100.4% 97.9% + 2.6%
DOM 5 20 - 75.0% 9 37 - 75.2%

 oracle campus(Artist’s drawing of Oracle campus above)

When evaluating the sold prices from April 2015 to 2016, here’s a few popular areas and if you’d like more specific info like I have above-feel free to contact me and I will send it over (it is just too much to put into one blog).

  • Round Rock East and Round Rock West had about a +4% change for April 2015 v2016 (RRW was a little less than RRE with all the growth out East of Austin, w toll roads etc)
  • Pflugerville experienced a +5.8%, average sales price under $230k, so quite affordable!
  • NW Hills and Great Hills in Austin jumped +13.5% w/ avg sales price around $544k
  • The 78745 (or area S of Ben White, N of Slaughter-ish area) is steadily increasing, +4.8%
  • 78703 (aka Clarksville or a very desirable central Austin location near DT) actually decreased -5.1%, yet the average sales price in this area for a home in April 2016: $910k
  • The UT area (78705, or campus better yet) decreased in April as well, -3.4% w/ avg sales price around $290k
  • While DT showed to be down-24.1% in Apr 2016 v 2015, it also decreased in listings volume by 36%, what does $510/sq ft buy you? Check it out…HERE.
  • Cedar Park is still growing quite a bit, with an increase of +9.7% and avg sales price at $317k where you can get on avg 2300sq ft too!
  • Northern part of Cedar Park & Leander, due to all the growth in N. Austin are at an average sales price of $280k and up +11.7% from 2015 (examples of homes/area HERE)
  • Hays County experienced the largest annual gain in home sales in April 2016, with single-family home sales jumping 17.8% year-over-year to 338 home sales.
  • Williamson County was the only county in the Austin-Round Rock MSA to experience a decline in home sales in April 2016, with single-family home sales dropping 5.1 percent year-over-year to 816 home sales.

While I didn’t touch much on affordability in this blog, it is still a large issue in our growing metro areas.

Housing affordability includes not only a home’s sale price, but the homeowner’s ability to continue to afford the home as property values rise from year to year. “The Austin Board of REALTORS® encourages homeowners to learn how their home is being appraised and all property tax exemptions they might qualify for. A Central Texas REALTOR® can help homeowners contest their assessment by identifying comparable properties and gathering the necessary background information to formulate an appeal.” -Aaron Farmer, ABOR President

Anyway, thank you for reading–I hope you found these charts helpful and if you have any questions about your specific area, market stats, neighborhood stats, school ratings, home values, etc, please do not hesitate to reach out! To read more about me and contact me click here.

Ashley Brinkman, ABR, GRI @ Realty Austin.

How to be a Great Home Owner

I recently purchased a home and one of the things I REALLY appreciated were the seller’s care they took in the home I purchased, but also their responsiveness to questions I had about the home during and post closing.

As an agent now for…I don’t know like 7 yrs-(I cannot keep track any more), there is a noticeable difference of when an owner has lived in (and cared for) a home and when it is a flip or rental or unmaintained. Nothing brings me greater joy as a buyer’s agent than when the sellers are open about information with the home–past bills, year they put in wood flooring, last time they had HVAC serviced etc. These are important things to keep track of! And nothing brings me greater joy as a Selling agent than the big file/paper trail the seller hands over to me when we sign a listing agreement either.

kitchen

If you are not OCD that’s ok! And I am not trying to encourage hoarding either (which seems to become a habit of never throwing anything away once we move into a place that has more space).

hoarder

I thought I would put together a few tips on being a great home owner-and increasing your resale potential in the future, below.

1. Document, document, document.

It isn’t a terrible idea to keep a piece of paper taped inside your HVAC closet of dates you last cleaned it, changed the air filter or had it serviced, make a note each time. Also, to keep track of doing these items, after you purchase a home-maybe add reminders to your calendar (air filter monthly and servicing between seasons).

closing docs

More of an electronic person? Have a folder on your computer (in dropbox or a cloud provider so you don’t lose it if your computer crashes) with all your home owner paperwork: closing documents, survey (that’s a $450 piece of paper), and then as you update your home, take care of things, etc, be sure to keep copies of receipts, invoices, bids etc in this folder for future reference. Painted a room and have leftover paint? Write the room and paint color on can and keep in special place in storage, not just for future owner of your own home-but it may come in handy for you too! Do you have a lawn guy who comes a few times a month or a recommended pool cleaner? It isn’t a bad idea to pass along their info or card to the future owners of your place as well.

2. A special place

Have a designated drawer or file cabinet of some sort for these documents, invoices etc. as well. I was real fortunate when I purchased my home to have a huge stack of manuals of every appliance, light fixture, etc that was updated in my home. As well as a few parts to things that may not have been used, but could be added (extra lock to sliding glass door, under cabinet lighting, etc). The special place shouldn’t be in the attic in a box however, should be an easily accessible place and if you are super into security, perhaps in a locked safe or cabinet of some sort.

file cabinet safe

Are you an owner of an investment property? The management company should keep track of all leases, service orders and maintenance calls, and you will want to make sure you get a copy as well! Save emails between your and your tenants.

3. Take care of it.

If I had to choose between spending $1000 on a trip somewhere or fixing an HVAC leak, it is a no brainer on what I WANT to do, but not necessarily what I NEED to do. If you are generally keeping an eye on things in your home, then hopefully it won’t get to a point of discovering a major issue costing an arm and a leg. Water your foundation with soaker hoses (another item you can add to calendar if it hasn’t been raining), add insulation in the attic when needed, replace or fix items as they break vs putting it off. Yes, much easier said than done.

Plumber working on sink

Have you ever heard the term to “swallow the frog?” Your fixture in the bathroom works fine, but the handle is broken and you have been turning on the shower with a wrench for more than a year. Guess what, as soon as you get someone to fix it (if you can’t yourself) you are going to think: Man, why didn’t I just have this done month’s ago?! It’s the little things that are a pain in the butt, yes, but when everything works as they should in your home-you’re happier.

When  you take care of things now you also save a lot of time when it comes to putting your home on the market because then things are already done (and believe me there comes a hefty list of things to do to make your home sell faster-why add more little tedious projects to the list? “Take care of it” also goes without saying–this means your mortgage, taxes and HOA bills too. Don’t let bills slip away from you!

4. Befriend Thy Neighbor.

friends with neighbors

I know, I know–the crazy cat lady across the street is annoying or the guy that lives below you at your condo is creepy. You don’t have to hang out and cook dinner together, but being aware of what is going on in your neighborhood, with your neighbors, amongst your HOA is never a bad thing. Sure some chat it up way too often and are always spying on what is going on at your place, but when you have great neighbors, there is nothing better! Even if you hate people, make it a goal to introduce yourself to a neighbor or say hi from time to time.

crazy cat lady

Good neighbors: alert you and watch your things when you are on vacation or if there was something suspicious. Good neighbors give great recommendations on who fixed their roof. Good neighbors mow your lawn sometimes since your yard connects. Good neighbors let you borrow a cup of sugar (or these days a wifi password) or lend you a helping hand when doing yard or car work. Are YOU going to be that good neighbor?

 

Austin’s Economic Forecast 2012

I am no economist, however if you know me at all, you know I carry a spiral with me just about everywhere (I know it’s no iPad) and inside that trusty spiral are some notes. I take notes when on the phone, when I randomly think of something while driving (I mean while stopped at a red light of course), and for my infinite to do list…(aka Success list as a motivational speaker once told me it should be called). Anyway, without further a d0 (thanks Tim for the grammar correction, I can’t believe I graduated college), here are some notes on the Economic Forecast for 2012 meeting I attended a few weeks back, and the trends we have seen the past few years in Texas and Austin especially. Since I am such a list maker, a lot of this may be bulleted, please remember I went through a bunch of slides pretty fast with graphs and charts.

I know it isn’t the most exciting information in the world, but it sure is important!

  • Officially the Recession of 2007 has been declared over. Does it feel like it, perhaps not, but it is.
  • New home construction is what took us into the recession, but it will be what takes us out
  • Our economy won’t recover until the housing market recovers
  • Most election years are slow (this I can tell you from personal experience) then not necessarily based on who is elected, but what they promise to do will determine how the housing market will turn around

Hurdles for 2012:

  • Tepid growth in private sector
  • home prices declining
  • Government restrictions from falling revenues
  • Commercial Real Estate (RE) still dragging due to lending and regional banks
  • Uncertainty in the Gov. due to lack of confidence re: actions, regulations, taxes, national debts and deficits, global disruptions
  • Credit contractions for consumers and businesses
  • Confidence in RE increasing in value still down, consumers making lifestyle choices over investment opportunity

Reasons for Optimism!: Why I am happy to be a Texan

  • Tx job growth is double the National rate
  • Relentless population growth in Texas
  • Government budgets finally getting real
  • Pent up demand due to: retiring, moving to a new location, buying a house, relocating biz to Tx, expanding a business
  • Texas Recession was 2009: 2010 and 2011 have been recovery years
  • Texas is the fastest growing state 2000-2010 (21% increase)
  • Projected: 40yrs 13.9million people, 703k per yr (2000-2010)
  • Austin, Tx has increased 37% since 2000, 6.8% of Texas and projected at almost 50k ppl per year moving to Austin, TX
  • Texas is a young state: 27% of Texas is 18 and under, only less than 10% is 65+

Forecast Factors…a Closer look at Age:

  • Generation Y is much bigger than baby boomers
  • Generation i–> what they are calling the next group because they will have come into this world not knowing what it was like to not have internet (crazy, huh?!)
  • Baby Boomers: Home Ownership Grows (since the ’70s)
  1. It was the “American Dream” for the Boomers
  2. Last serious time of deflation of home owning: 1930’s
  3. Loss equity in real estate
  4. Because of Boomers Gen X and Gen Y have shifted attitudes due to seeing their parents lose value in their home
  5. Since 2007 we see more people “doubling up” moving in together even after college, or back in with parents

Boomers Own–> Gen Y Rents

  • 25-35 yr olds > 50% are already home owners
  • Took advantage of tax credits, interest rates, and timing in the market/opportunity

Austin, TX  Breakdown:

  • Echo Boomers: Gen Y 16-34 (31.8%)
  • Baby Bust: Gen X 35-46 (17.6%)
  • Millenials: Gen i
  • Austin owner occupied units have become younger and foreclosures are declining
  • Because Tx is a non-judicial foreclosure state, we really are declining here compared to other states
  • 550days!!!!!–> National average of days before foreclosures happen

A Closer Look: Households in #s:

  • In the 1960s–40% of people had 4ppl in a HH (household not happy hour)
  • In 2009–30% had 2 person and 31% had 1 person per HH
  • Also noted–married couple decline in HH types

Current Housing Issues:

  • Low demand and high supply=weaken home values (I really don’t see how this applies in Austin so much…rental market was tight due to influx of people, with more coming-where are we going to put them all??)
  • Gov stimulus efforts prolong market recovery (tax credits and mortgage workouts)
  • Lenders in Difficulty: Told to make loans, but are punished for making RE loans or CRE loans
  • Renting a more viable option to buying (only if you can’t qualify and it makes sense financially)
  • FHA essentially a sub prime lender

Overall Texas Housing Markets Info:

  • 2010 sales decreased from 2009: The Good News?: After flattening we’ll increase
  • All metro areas in Tx after tax credit home sales went down
  • End of 2009 and beginning of 2010 we see an increase in sales due to the tax credit (these factors will always need to be examined closer when comparing year to year housing prices)
  • Homes sales haven’t increased, but employment has
  • National delinquency is much higher nationally
  • Foreclosures: 2Q2011:      US: 4.43       TX:1.87

AUSTIN, TX:

  • Top 10 in US metro areas for healthy housing, in fact all 4 major markets in Tx are in the top 10, alongside North Carolina
  • 2011 Home sales up in Austin (19k-21k)
  • Median price of homes: Up 2% from 2010, $192,800
  • Historically 4% increase
  • Rest of the US is down
  • “Flat is the new Up!” (referring to charts where our prices and values stay steady, because at least they aren’t declining!
  • Generally strong market due to Supply and Demand
  • Multi-family building permits up in June

In conclusion, I hope you took a little from those notes (I know they were somewhat overwhelming). I always think it is interesting to analyze numbers based on sales, housing prices, building permits and growth, alongside cultural changes. Generation Y shifting in attitudes, each generation becoming more entitled… more need for instant gratification and honestly, in my opinion, lacking financial self discipline and money smarts. With lending regulations being as tight as they are, I feel it is our responsibility to start informing and educating those younger than us the importance of paying on time, income to debt ratio and saving money, and that they don’t have to have the best of everything right now. Ok I will get off my soap box, because I am such a great parent and all…

So, really now, in conclusion Texas is doing great. Overall we will see steady until after the election of 2012. Rates will remain low for a while (not forever), Texas and local markets will continue to grow and make modest improvements and there will be some enthusiasm come Spring 2012. In Austin, due to tight lending regulations, while there have been some multi-family building permits approved, this doesn’t necessarily mean they are getting done. While there being an influx of young people moving here, they are more likely to be renters and studies have actually shown that more unemployed college kids move to Austin (live off parents and savings) because they hear how great Austin is (Great! More unemployed college kids stimulating the local Austin economy with their parents’ money, awesome!) Austin, known for its Technology sectors will still increasingly grow…a youthful city at that. Being there will be so many moving here from other places, I predict rental market to still be high, and decent places with desired location to still moved fast. If you have been paying the same amount in rent for the past two years…consider yourself lucky! I also predict (based on what I have seen and read) the same shift toward people “doubling down” and rooming together. I hope you found this Economic Forecast of 2012 interesting, rewarding and something to take home. Call me if you are ready to buy while the rates are low and the rents are high and as always, thanks for reading!

Ashley Brinkman/Realtor/Prudential Texas Realty/512.665.8787

 

 

 

Home Sales Up From Last Year, Keeping Positive in 2010

It has been a tough past few years for many people in this Nation. Job loss, increased foreclosures, bail-outs, stockmarkets at all time low and economic panic. I am fortunate to live in Texas, where I feel the news has been more in a positive, consistent tone. I get articles on the Austin and Texas markets on a frequent basis and I am happy to see that Austin home sales are up 5% from last year. Condos are still being built downtown, and job growth in Texas tops the nation in the last decade.

I just wanted to take some time and share these articles I found in the Austin business journal with you. Here is to a positive, "it will only get better from here" 2010.

www.bizjournals.com/austin/stories/2010/01/25/daily19.html

austin.bizjournals.com/austin/stories/2010/02/15/daily52.html