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May 2010

There are 4 blog entries for May 2010.

Austin Unemployment and Austin Real Estate Market Update April 2010

Friday, May 21st, 2010 at 6:39pm. 2,119 Views

The Austin unemployment rate (Austin-Round Rock-San Marcos) decreased slightly from 7.1% to 7.0% in April 2010 with 6,400 more people employed in Austin-Round Rock-San Marcos in April 2010 than the previous month due to an increase in the Civilian Labor Force by 6,200 people and a decrease in those unemployed of 200.  January’s unemployment rate was the highest rate on record since 2000 in the Austin-Round Rock-San Marcos area so the decrease in unemployment is welcome. In comparison, during the same time period the State of Texas unemployment rate decreased from 8.2% in March 2010 to 8.1% in April 2010.  The United States decreased unemployment from 10.2% in March 2010 to 9.5% in April 2010. Austin-Round Rock-San Marcos continues to be lower than the…

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Title Company Cost Comparison in Austin Texas

Thursday, May 13th, 2010 at 12:24am. 7,641 Views

Figuring out what title company provides the lowest cost and best service in Austin Texas can be difficult at best. Each title company tends to designate their fees differently, which makes it difficult to compare the fees of one title company to another. In order to get a better cost comparison between Austin title companies, I’ve compiled title company fee information from over 25 home purchase/sale transactions. The results are varied and subject to error given the many cost variables associated with each transaction.    My disclaimer is that the group of transactions that I have compiled does not represent every title company in Austin, nor does it take into account customer service levels. Frankly, there have been very few bad experiences that…

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Housing Equity Serves as Good Measure of Economy

Monday, May 10th, 2010 at 6:55pm. 2,119 Views

Housing Equity Serves as Good Measure of Economy

Housing equity has been a major area of concern over the past several months for those who own homes as well as for those who do not. After all, the state of the housing market has a significant impact on the overall well-being of the country's economy. Yet, despite the fact that many people have been throwing the words "housing equity" around so often lately, many people still do not fully understand what equity is or how the equity situation looks in their local area or throughout the country.

What is Housing Equity?

Put simply, housing equity is the wealth of a particular area as determined by its total assets minus its total liabilities. Examples of assets include bank accounts and homes, while

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Austin Texas Real Estate Market Update and Statistics April 2010

Monday, May 3rd, 2010 at 6:17pm. 2,191 Views

The Austin real estate market shows improvement during April 2010, partially as a result of the home buyer tax credits that expired at the end of April.  The City of Austin experienced a 4% price per square foot increase and a 4.8% total dollar increase for single-family homes sold during April 2010 compared to April 2009. There was an 8% increase in the number of homes sold and it took 7.7% less time to sell a home during April 2010 compared to April 2009.  Furthermore, there was a 48% decrease in supply of homes for sale with only 3 months of current inventory for single-family homes in the city limits of Austin. This means that at the current rate of sales, if no more homes were listed for sale starting today, every home listed for sale in the City of…

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