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January 2010

There are 6 blog entries for January 2010.

Austin Unemployment and Austin Real Estate Market Update December 2009

Friday, January 29th, 2010 at 6:45pm. 1,569 Views

The Austin unemployment rate (Austin-Round Rock) remained steady at 6.9% in December 2009 with 3,700 fewer people employed and 100 more people unemployed in Austin-Round Rock in December 2009 than the previous month due to an decrease in the Civilian Labor Force by 3,600 people.  In comparison, during the same time period the State of Texas unemployment rate increase from 7.9% in November 2009 to 8% in December  2009.  The United States decreased unemployment slightly raised from 9.7% in December 2009 from 9.4% in November 2009. Austin-Round Rock continues to be significantly lower than the National Average.
 
Between January 1st and January 29th of 2010 there were 274 single-family homes sold within the Austin city limits with a median sold price of

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Free mortgage calculators help you to determine your affordability

Tuesday, January 26th, 2010 at 1:22pm. 1,875 Views

What is the role of free mortgage calculators in finding out your affordability? Mortgage calculators play an important role in determining how much you can afford. These are important financial tools that assess your financial condition and hence your repayment capacity. You can access these calculators online for free. There are websites that offer its visitors free mortgage calculators. By Mortgagefit Community

Let us find out why these calculators are so important. It is a well known fact that mortgage payments are determined by a number of factors and each of these influence payments in a different way.

An example of how free mortgage calculators can help you

For instance if you are accessing free mortgage calculators online and you

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Austin Commercial Real Estate Market Ranked #1 Investment Opportunity

Thursday, January 21st, 2010 at 3:37pm. 2,257 Views

According to Grubb & Ellis Co., which is a real estate services and investment firm based in Santa Ana, California, Austin offers the best commercial real estate investment opportunities for 2010.

Although the experts at Grubb & Ellis Co. do predict that the commercial real estate market will continue to have difficulty throughout the rest of the year, the rate of decline will likely slow this year. Furthermore, the investment firm predicts that most property types will bottom out near the end of 2010 and that a slow recovery will begin in 2011. 

When determining the markets that provide the greatest commercial property investment opportunities, the firm considered the long-term industrial, office, multi-housing and retail investment potential of

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Austin home price trends 2009 versus 2007

Friday, January 15th, 2010 at 1:03pm. 5,539 Views

Click on this link to view map showing Austin price trends outlined in the article

Click here to view updated statistics comparing Austin home sold prices during year 2010 to 2007.

Since the last housing peak and fall experienced in Austin Texas between the years 2000 to 2001, average single-family home sale prices and volume have increased at a significant pace. The number of homes sold peaked most recently during 2006 while Austin home sale prices peaked during 2007. Since that time sales volume and prices have fallen in just about every part of Austin, albeit much less than many other cities around the country. None-the-less, there were some areas of Austin that experienced positive home price growth between 2007 and…

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Austin Texas Real Estate Statistics 2009

Monday, January 11th, 2010 at 5:03pm. 1,745 Views

Austin home sales during 2009 seemed to have stabilized moving into 2010 with only slight decreases in sold prices and number of homes sold during 2009 compared to 2008. It took 15% longer to sell an Austin home, but the number of homes available to sell decreased by 10%. This decrease in supply may help increase buyer demand for existing homes for sale on a per home basis moving forward.  During the first 4 months of 2010 we have the first-time home buyer tax credit of up to $8,000 and the $6,500 credit to current home owners purchasing a new or existing home for those occupying their home for 5 consecutive years of the last 8 years, which should continue to bolster the market moving into the hot sales season this summer. Look for a fairly steady…

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Austin Texas Real Estate Market Update and Statistics December 2009

Saturday, January 9th, 2010 at 8:54am. 1,545 Views

Austin real estate finished off on a solid footing during December 2009 with a 10% decrease in the number of homes sold but a 3% increase in sold prices per square foot and a continued decrease in supply.  While I don't anticipate a boom in real estate during 2010, I do expect a better year than 2009 with fairly steady sales and little change in prices.  Market Snapshot (December 2009 compared to December 2008) Austin Overall: • 10% decrease in the number of single-family homes sold • 3% increase in median single-family sold price per square foot • 8% increase in median sold price (total dollars) • No change in the time it is taking to sell a home • 22% decrease in withdrawals • 8% decrease in supply   Austin Real Estate

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