May 2010 
There are 4 blog entries for May 2010.
Austin Projected to Rebound from Recession at the Start of 2011
Monday, May 31st, 2010 at 5:58pm. 1164 Views, 0 Comments.
According to the Federal Housing Finance Agency and the data collected by Moody's Economy.com, 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…
FORMULA 1 IN AUSTIN!!!!
Tuesday, May 25th, 2010 at 6:22pm. 4930 Views, 4 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!!!
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…
Consumer Confidence in the Housing Market Grows
Wednesday, May 12th, 2010 at 10:01pm. 1198 Views, 2 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…
Unemployment Rates Decrease in the Central Texas Area
Wednesday, May 12th, 2010 at 8:00pm. 1335 Views, 1 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…
