2012: Lookin’ Good Austin, TX!

January 5, 2012 by · Leave a Comment 

Here’s wonderful evidence of a buoyant Austin real estate market. Thanks to our friends over at Heritage Title for this collection of recent highlights.


Texas Economic Outlook From MetroStudy: In spite of a slow recovery from the national recession…Houston, Austin and San Antonio have already recouped all the jobs lost and Dallas-Fort Worth has regained nearly 70% of its lost jobs.

Austin Area’s 2012 Economic Forecast: Continued Growth for Housing, Tech Sectors, Statesman.com: Charles Heimsath states, “I see price stability in most areas, with some upward pressure in the most desirable neighborhoods. Overall, I see more new home starts and sales, maybe up 5 percent over 2011.”

Trulia’s Real Estate Crystal Ball for 2012 says, “Austin is HOT!”, Forbes.com: The bloom’s not off the yellow rose of Texas. Steady job growth and a construction revival make Austin and Houston two of my five cities to watch. Texas isn’t hung over from the housing boom like the other big states of the South and West, so there’s little to hold back growth. Honorable mention to Fort Worth and San Antonio.

Where Have We Been and Where Are We Going? Dallas Federal Reserve : Remarks before the Austin Chamber of Commerce by Richard W. Fisher of the Federal Reserve Bank of Dallas, said on December 16, 2011.

The Milken Institute Ranks Austin 4th on its List of Best Performing Cities, Milken Institute: The 2011 Milken Institute Best-Performing Cities Index ranks U.S. metropolitan areas by how well they are creating and sustaining jobs and economic growth. The components include job, wage and salary, and technology growth. In most years, these give a good indication of the underlying structural performance of regional economics.

Builder Confidence Rises For the 3rd Consecutive Month, RIS Media: Builder confidence in the market for newly built, single-family homes edged up two points from a downwardly revised number to 21 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for December. This marks a third consecutive month in which builder confidence has improved, and brings the index to its highest point since May of 2010.

Study Finds 38% of Homes Purchased in 2011 Bought with Cash: Despite record low mortgage rates, 2011 has seen a surprisingly high level of cash home purchases, according to the real estate research firm Hanley Wood Market Intelligence.

About Gail

Gail Boston Knows Austin CLHMS, Million Dollar Guild, ABR, E-Pro Real Estate Internet Professional, Member Institute for Luxury Home Marketing After growing up locally in Tarrytown and later living in Vienna, London and New York, Gail Boston came back to her favorite place in the world: Austin. This Austin native and former publisher of Buying, Selling & Owning YOUR HOME will go the extra mile to facilitate every phase of your real estate needs. Whether it’s your primary residence or an investment property, Gail is your “go to” real estate expert. Through partnering and her global and local network of experts, she will guide you through the process with professionalism, attention to detail and knowledge. Knowledge + focus + energy = results Her knowledge, focus and energy get results. She has earned a reputation as one of Austin’s most dynamic real estate professionals; successfully serving home buyers and sellers as well as investors and business professionals. Gail has expertise in luxury residential and waterfront, Eanes School district homes, creative commercial spaces, land acquisition and conservation, and the downtown condo market. Gail is deeply committed to the Austin community and the philosophy of sustainability. She volunteers with Red Cross, Green Gate Farms, Cherrywood Art Fair, Greater Austin Chapter of Families with Children from China, Woodland Reach and more. She enjoys living in West Lake Hills with her husband, daughter and two dachshunds. Besides family, her interests include native plant gardening, hiking, opera, kayaking, fly fishing, cooking, reading and travel. Contact Gail @ gail@westaustin.com or 512-626-5348