According to the Multiple Listing Service (MLS) report by the Austin Board of REALTORS®, demand for real estate in Austin has remained stable despite the expiration of federal homebuyer tax credits at the end of April.
The volume of Austin area home sales in June 2010 was 1,987, down four percent from the same month in 2009. The median price of real estate in Austin increased four percent from June 2009 to $208,750 for June 2010.
“I think this report shows there is life for Austin real estate after tax credits,” said John Horton, Chairman of the Austin Board of REALTORS®. “Sales volume was down only four percent compared to June 2009, which was last summer’s peak month. In addition, the average time it takes to sell a home in Austin decreased for the sixth month in a row. Both of these factors point to long-term stability for our market.”
Tuesday, August 10, 2010
Monday, August 2, 2010
HOUSTON, AUSTIN - 'GREAT' PLACES TO BE YOUNG
HOUSTON (Houston Business Journal, Yahoo! Real Estate) – Both the Bayou City and the Capital City have made it onto Kiplinger.com’s Top Ten Great Cities for Young Adults.
The study based its list on youth-friendly factors such as cost of living, rental costs, culture, nightlife, time spent in traffic and the percentage of people younger than 35.
Houston’s average annual wage is $41,074. The median monthly rent is $775 compared with the national average of $819.
Houston was chosen primarily because of its diversity, with more than one million of Houston’s inhabitants born outside of the United States, along with its proximity to the Gulf Coast.
Austin, meanwhile, had an average annual wage of $41,380 (as of 2007). Median monthly rent is $864.
The city was touted for its cultural scene, "vibrant" nightlife and eclectic neighborhoods. It also has the fourth-lowest jobless rate among cities with populations of one million or more, according to Kiplinger.com.
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