May 2010

Found 4 blog entries for May 2010.

According to the Federal Housing Finance Agency and the data collected by Moody's, home prices in the Austin area should stop falling by the final quarter of this year. Furthermore, according to a Fiserv Inc. report that was released earlier this month, the prices of homes in the Central Texas area are likely to start increasing by the first quarter of 2011 and will likely reach their pre-recession levels by 2016.

Although the analysts predict that home prices will have fallen a total of 4.8% by the time the downward spiral reaches its projected bottom at the end of the year, it has still been a far shorter fall when compared to the national average. In fact, the city did quite well when compared to the 374 markets that were included in the…
3,712 Views, 0 Comments

Formula 1 has announced today that Austin, Texas will host a Formula 1 Grand Prix race starting in 2012. A new racetrack will be constructed in Austin, and this new facility will be one of the best in the world. This is a tremendous opportunity for the city, and a dream come true for racing fans. We can hardly wait!!!

austin-formula-1_533   Formula One Officials Select Austin to as New Home of Formula One
Formula One World Championship Limited, Formula One Administration Limited and Full Throughout Productions, LP have recently announced that Austin will serve as the host city to the Formula 1 United States Grand Prix from 2012 through 2021.
“We are extremely honored and proud to reach an agreement with the FI Commercial Rights Holder,” said Tavo Hellmund, who is the…
11,849 Views, 3 Comments

According to a Gallup survey that was released in the middle of April, 77% of Americans expect the prices of homes in their area to either remain the same or to go up over the next twelve months. Furthermore, the survey found that 34% of Americans expect the average price of the homes around them to go up over the next year. These figures represent a 12% increase when compared to last year, which is a good sign that consumers are starting to gain more confidence in the residential real estate market. (In April 2009, the Gallup survey found that 63% of Americans believed the housing prices around them would either increase or stay the same.)

According to Gallup, the low interest rates combined with the increase in consumer confidence will likely lead to more…
3,718 Views, 0 Comments

The Texas Workforce Commission had good news to report to Central Texas residents in the middle of April - the unemployment rate in the area dropped for the second month in a row in March. As such, the unemployment rate is down from 7.3% in February to 7.1% in March.

According to the commission, the Austin-San Marcos-Round Rock area added 4,600 jobs from month to month. Nonetheless, the total number of nonagricultural jobs was down to 760,300 when comparing one year to the next, representing a reduction of 500 positions. Furthermore, in March of 2009, the unemployment rate in Central Texas was lower at 6.6%.

The greatest number of positions were added in the leisure and hospitality industry, which added 2,100 jobs from February to March. Government…
4,408 Views, 0 Comments