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October 2014

There are 4 blog entries for October 2014.

Texas Residential Real Estate Set to Achieve Second Best Year Ever

Sunday, October 26th, 2014 at 2:55pm. 5,684 Views

Austin, Texas real estate residential2014 likely will end as the second best year ever in Texas real estate for existing home sales, said a housing market expert with the Real Estate Center at Texas A&M University. It would follow 2013, which is the current “second best year ever” in terms of home sales volume.

Center Research Economist Dr. Jim Gaines said 2013 “was second only to 2006, which was at the height of the housing boom and all the easy financing. And 2013 wasn’t that far off from that. This is going to become the new second best year ever. We are having a really terrific year.”

Recent Multiple Listing Service (MLS) data show sales of existing single-family homes in Texas were 7 percent higher in September 2014 than in September 2013, and 217,690 homes have sold this year,

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Austin, Texas Real Estate Market Update and Statistics October 2014

Wednesday, October 22nd, 2014 at 5:38pm. 4,749 Views

Home Prices Set September Record, Home Sales Rebound  

austin homes for saleAustin-area median and average home prices both set records for September 2014, with median price increasing eight percent year-over-year to $240,000 and average price increasing seven percent year-over-year to $308,514, the highest figures ever for the month of September. Home sales also had a substantial rebound in September after declining for two months, with a 10 percent gain compared to September 2013 and 2,524 home sales, according to a Multiple Listing Service (MLS) report released by the Austin Board of REALTORS®.

“September’s 10 percent increase in home sales, despite ongoing issues in housing affordability, is a testament to the strong population and job growth that the Austin area

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Texas Breaks Jobs Record

Sunday, October 19th, 2014 at 11:21am. 1,056 Views

Austin jobs unemploymentThe State of Texas set a new record for job creation, with the addition of 36,400 jobs in September, according to data released by the Texas Workforce Commission. This brought the total number of jobs added by employers over a 12-month period to 413,700, the largest gain ever recorded in the Lone Star State.

Additionally, the civilian labor force population topped 13 million for the first time, with 13,005,600 employed, and the unemployment rate dropped to 5.2 percent in September from 5.3 percent in August. In September 2013, the rate was 6.3 percent.

“There’s never been a better time to look for new opportunities in Texas,” said TWC Commissioner Representing Labor Ronny Congleton.

Every major industry in Texas has shown positive annual growth

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330-year-old Texas Shipwreck at the Bullock Museum

Monday, October 13th, 2014 at 6:44pm. 2,395 Views

La Belle shipwreckReady to see history in action? A ship that landed along the Texas coast nearly 330 years ago will be reassembled in the galleries of the Bullock Texas State History Museum beginning October 25, 2014. One of French explorer Robert Cavelier, Sieur de La Salle's ships, the La Belle is “arguably the most important shipwreck in the Western world,” according to the City by the Sea Museum in Palacios. This is because of its age – it sank in 1686 - and its condition, which is remarkably preserved, leaving even items like rope and wood and leather available for study, providing a veritable “time capsule” of European colonization efforts in North America.

An 800-pound keel and 1,100-pound keelson are the largest remains of La Belle. These will form the

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