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June 2010

There are 2 blog entries for June 2010.

Austin Unemployment & Austin Real Estate Market Update May 2010

Wednesday, June 23rd, 2010 at 12:45pm. 2,223 Views

The Austin unemployment rate (Austin-Round Rock-San Marcos) decreased slightly from 7.0% to 6.9% in May 2010 with 6,200 less people employed in Austin-Round Rock-San Marcos in May 2010 than the previous month due to an decrease in the Civilian Labor Force by 7,400 people and a decrease in those unemployed of 1,200.  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 8.1% in April 2010 to 8.0% in May 2010.  The United States decreased unemployment from 9.5% in April 2010 to 9.3% in May 2010. Austin-Round Rock-San Marcos unemployment rate continues to be much…

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Austin Texas Real Estate Market Update and Statistics May 2010

Friday, June 4th, 2010 at 11:45am. 2,470 Views

Austin’s housing market has improved slightly so far this year compared the last year and the month of May 2010 showed some improvement compared to May 2009. So far this year (1/1/10 to 5/31/10) there has been a 16% increase in the number of homes sold and a 2.6% increase in the median sold price per square foot compared to the same time period in 2009. Although the opportunity has passed for buyers to take advantage of the previous home buyer tax credits, May 2010 still showed a 5.2% increase in the number of homes sold and a 2.3% increase in the median sold price per square foot compared to May 2009. Also, it is taking substantially less time for the average Austin homeowner to get their home sold or leased this year compared to last. The supply of…

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