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March 2009

There are 3 blog entries for March 2009.

Austin Unemployment Rate February 2009 and Austin Real Estate Market Update

Friday, March 27th, 2009 at 11:30am. 1,949 Views

I’m pleased to announce that the Austin unemployment rate (Austin-Round Rock) slightly decreased from 6.4% in January 2009 to 6.3% in February 2009 with 3,200 more people employed in Austin-Round Rock in February 2009 than the previous month.  In comparison, during the same time period the State of Texas unemployment rate decreased from 6.8% in January 2009 to 6.6% in February 2009.  The United States unemployment rate increased from 8.5% in January 2009 to 8.9% in February 2009.    Between January 1st and March 26th of 2009 there were 1,193 single-family homes sold within the Austin city limits with a median sold price of $113.52 per square foot ($222,390) and averaging 79 days on the market.  During the same time period in 2008 there were 1,690…

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Austin Unemployment and Austin Real Estate Market Update January 2009

Thursday, March 5th, 2009 at 4:09pm. 1,727 Views

Austin unemployment increased from 5.2% in December 2008 to 6.4% in January 2009 representing 2,800 less people employed in January 2009 than the previous month.  In comparison, during the same time period the State of Texas unemployment rate increased from 5.7% in December 2008 to 6.8% in January 2009.  The United States unemployment rate increased from 7.1% in December 2008 to 8.5% in January 2009. 

During the first two months of 2009 there were 770 single-family homes sold within the Austin city limits with a median sold price of $113.76 per square foot ($231,750) and averaging 79 days on the market.  This compares to the first two months of 2008 when there were 1,166 homes sold (34% more than 2009) with a median sold price of $117.13 per square

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Austin Texas Real Estate Market Update and Statistics February 2009

Sunday, March 1st, 2009 at 2:50pm. 2,585 Views

Median sold prices for Austin homes (single-family) are down 3.2% and the number of homes sold is down 41% for February 2009 compared to February 2008.  Bank rates for a 30 year fixed mortgage remain very low at 5.25% as of 3/1/09 according to bankrate.com.  Due to the $787 billion U.S. Stimulus Plan recently signed by President Obama, first-time homebuyer’s now have the ability to receive an $8,000 tax credit for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009.  The credit does not require repayment.  With fewer homes being purchased and with low interest rates and tax incentives for first-time homebuyers, this is an excellent time to consider buying an Austin home.  Although home sellers are not “giving

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