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Austin Unemployment and Austin Real Estate Market Update September 2008

October 18, 2008

The Austin-Round Rock unemployment rate continues to inch up for the 5th month in a row from 3.3% in April 2008 to 4.7% in September 2008, which represents a 30% increase or an increase of 12,000 unemployed.  While the Austin unemployment rate has continued to increase, single-family Austin home prices have seen two consecutive monthly decreasesRead More

The Ranch at Bushy Creek Market Update October 2008

October 17, 2008

The Ranch at Brushy Creek is located just north of Avery Ranch, which is east of Parmer Lane, north of 620, and south of 1431 in Cedar Park Texas, just north of Austin and other Austin real estate.  This new neighborhood was opened up in 2005 with builders such as Newmark, Drees, David Weekly, Morrison, Lennar,Read More

$7500 Tax Credit for first time home buyers

October 10, 2008

For those first time home buyers who are looking for access to additional cash to help purchase your first home, there is a new "tax rebate" program created out of the 2008 American Housing Rescue and Foreclosure Act that may help – but pay close attention to the details.  While the program offers tax rebatesRead More

Ridge at Lantana Market Update 3rd Quarter 2008

October 6, 2008

Great news for the Ridge at Lantana in Southwest Austin!  Austin real estate home sales picked up significantly in Lantana in the third quarter (Q3) of 2008 with 8 homes sold – 5 homes sold in September alone.  However, the median price for these Austin homes in our neighborhood is down 6.5% when comparing 3Q 2008Read More

Austin Texas Real Estate Statistics September 2008

October 2, 2008

Austin real estate continues to feel the effects of the economy but so far has been able to buck the national trend with an overall price increase for the year.  Homeowners are increasingly pulling their homes off the market rather than taking a “below market” price for their home.  Single-family home sold prices are upRead More

Austin Unemployment and Austin Real Estate Report August 2008

September 26, 2008

Austin unemployment continues to be on the rise in 2008.  Regarding Austin homes January through August of 2008, the number of single-family homes sold is down 23%, and home prices are up 2% for the year with overall Austin home prices down for the first time in August (comparing August 2008 to August 2007).  SinceRead More

Learn where Austin home prices are down – find a deal

September 25, 2008

My press release called "To Delight of Buyers, Real Estate Firm Reveals Areas Where Austin Home Prices are Down" can be found at the following link: Austin homes.  This is the press release that follows my release of my previous blog about Austin home prices by area comparing 2008 to 2007 (Jan 1 – SeptRead More

Continued…Austin home prices up. Austin home sales are down. What about your neighborhood?

September 23, 2008

Below article is a continuation of my previous blog found at the following link: Let’s now look at the more sobering reality.  When considering home sales volume in Austin in 2008, the numbers are telling.  Only one zip code in Austin had an actual increase in the number of homes sold in 2008 comparedRead More

Austin home prices are up. Home sales are down. Is your neighborhood safe?

September 23, 2008

Austin homes: Prices are up 2% for the year for single-family homes in Austin Texas.  But does this indicate that all areas of Austin have gone up in value?  Likewise, the number of single-family homes sold in Austin is down 23% for the year, but does this mean that all areas of Austin have slowingRead More

Number of homes sold down in Austin but prices still high, nothing new

September 20, 2008

I (Brian Talley) was quoted in today’s Austin American-Statesman article entitled "Homes Sales Fall for 14th Month in a Row".  I was asked about why I believe home sales prices are still high while the number of homes sold is down (home sales volume is at the level it was at the bottom of the market inRead More