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November 14, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Austin, Texas

Reported by Lena Lansdale, REALTOR

Updated November 1, 2009.

Current Market Rating: 3




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Buyer's

Seller's

Current Price Trend: 3




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Falling

Rising

AUSTIN:

November Events:

Sports
11/1, 7:30 am
Komen Austin Race for the Cure
The Domain at Burnet Rd. and Braker Lane, Austin
www.runtex.com
11/7, 8:00 am
7th Annual Wurst Ride
Austin Texas to New Braunfels
3505 Montopolis Road
www.wurstride.com
11/8, 7 am
Keller Williams Run for the Water
10 Miler, 5K and Kids K
Downtown, Austin
www.runtex.com
11/14, 9 am - 12 pm
Shake a Leg at the Lake
Family fun 1 mile, chip timed 5K & 10K
Rough Hollow's, Lakeway
www.passportsmarketing.com/Main/Events.htm

11/15, 1 pm
Walk to Defeat ALS
Dell Diamond, Round Rock
www.runtex.com
11/16, 11 am - 5 pm
Youth Benefit Golf Tournament
Twin Creeks Country Club, Cedar Park
www.cedarparktx.us/cp/pr_events_golf.aspx
UT Basketball Men's/Women's
www.TexasSports.com

11/26, 9 am
19th Annual ThunderCloud Subs Turkey Trot
Benefiting Caritas of Austin
Waterloo Park, Austin
www.runtex.com

UT Football
www.mackbrown-texasfootball.com
11/07 Ctrl. Florida
11/14 at Baylor
11/21 Kansas
11/26 at Texas A&M
Theatre/Culture
11/7,11,13,15
Austin Lyric Opera
La Bohème
By Giacomo Puccini
Long Center
www.thelongcenter.org
11/24-29
101 Dalmatians
Long Center
www.thelongcenter.org
11/6, doors 7 pm | Show @ 8pm
Diane Keaton
The Paramount Theatre
www.austintheatre.org
Music
11/6, doors @ 7 pm
Galactic
w/ Special Guest Corey Henry
w/ Mike Dillon's Gogo Jungle
Stubb's / Outside Show
www.stubbsaustin.com
11/6, 7:30 pm
AC/DC
Frank Erwin Center
www.uterwincenter.com
11/10, 8 pm
Jay-Z
with special guests N.E.R.D. and J. Cole
Frank Erwin Center
www.uterwincenter.com
11/12, 7 pm
Jewel
One World Theatre
www.oneworldtheatre.org
11/12, 8 pm
Dane Cook
Frank Erwin Center
www.uterwincenter.com
11/14, 11 am & 1 pm
Doktor Kaboom
One World Theatre
www.oneworldtheatre.org
11/20, doors @ 7pm
Blue October
w/ B.O.B.
Stubb's / Outside Show
Tix Onsale 9/18 Thru Stubbs.Frontgatetickets.com
11/20, 7 - 9:30 pm
Paula Cole
One World Theatre
www.oneworldtheatre.org
11/21, doors @ 8 pm | show @ 9 pm
Train
w/ Uncle Kracker
La Zona Rosa
www.lazonarosa.com
11/27, doors @ 7 pm | Show @ 8 pm
Tuna Does Vegas
The Paramount Theatre
www.austintheatre.org
Other
11/2, 7 pm - 11 pm
Kelly Clarkson
Cedar Park Center, intersection of
New Hope and 183A, Cedar Park
www.cedarparkfun.com/joomla
11/7
Austin Pow-wow and American Indian
Heritage Festival
3200 Jones Road, Sunset Valley
www.austinpowwow.org
11/7-8
Austin Celtic Festival
Fiesta Gardens
www.austincelts.org/festival
11/7-8
Fun Fun Fun Fest
A variety of bands perform
Waterloo Park, 403 E. 15th St.
www.funfunfunfest.com
11/11, doors @ 8 pm | show @ 9 pm
Pretty Lights
w/ Alex B| Gramatik
LaZona Rosa
www.lazonarosa.com
11/13-15
Wimberley Valley Art League
2009 Annual Art Show And Sale
Johnson Hall of the Wimberley Community Center,
http://visitwimberley.com/articles/wvalHoliday
Current.shtml
Admission is free.
Call (512) 826-4286 for further information.
11/14, 11 am - 5 pm
Fable Fest
Drama, performing arts, music, visual artistry, poetry, puppetry, storytelling, genealogy, and science.
Heritage Oak Park, Cedar Park
www.fablefest.com
11/15, doors 8 pm | show @ 9 pm
Peter, Bjorn & John
w/ Peter Bjorn & John | El Perro Del Mar
LaZona Rosa
www.lazonarosa.com

11/18-22
A Christmas Affair
Palmer Events Center
www.jlaustin.org / 467.8982
11/18-22
Walking With Dinosaurs
Based on the award-winning BBC Television Series.
Walking With Dinosaurs
Cedar Park Center, 2100 Avenue of the Stars
www.cedarparkfun.com/joomla
11/21, 10 am - 4 pm
8th Annual Christmas Bazaar
Dozens of local crafters & vendors exhibiting ornaments,
gifts, wreaths, jewelry, candles, handbags,
specialty food items, western decor and more
Cedar Park High School Cafeteria
www.cedarparkchamber.org
Thanksgiving - Nov. 26th
11/27
Lighting of the Square
Come sing along with the Austin Carolers to your favorite holiday tunes and warm your tummy with cookies and hot chocolate!
Historic Downtown Square, Georgetown
http://visit.georgetown.org/lighting-of-the-square/
11/28, 11 am
Chuy's Children Giving to Children
Christmas Parade
Downtown, Austin
www.chuysparade.com
11/28 - 12/31
Emily Ann Theatre's Trail of Lights
Opening Ceremony 10/28, 4 pm - 6 pm
Enjoy the 360 degree view of the Wimberley Valley
www.emilyann.org/trailoflights.htm
10/30 through 11/8
Wurstfest
New Braunfels
www.wurstfest.com

POSITIVE PREDICTIONS FOR TEXAS ECONOMY:

AUSTIN (Austin Business Journal) - The Texas economy is predicted to begin a slow, steady recovery in 2010, according to BBVA Compass' U.S. Regional Watch third-quarter report.
The report predicts a 1.7 percent increase in the state's gross domestic product (GDP) in 2010, following a small contraction in 2009. This will be aided in part by a surge in home sales, according to the bank's economists.
Home sales across Texas are predicted to increase by 4.5 percent in 2010 after declining by 12 percent by the end of 2009.
Though Texas projected a 9.5 percent deficit at the beginning of the year, it is the only state among the seven Sun Belt states covered by BBVA Compass to forecast a balanced budget in 2010.
The report also said that Texas will benefit the most from funding through the federal government stimulus program, considering the amount of money to be received by the state equates to its entire 2009 budget shortfall.

MANY MIGRATE TO TEXAS:

NEW YORK (CNNMoney.com) - Texas had the highest net migration in the country in 2008, according to the U.S. Census Bureau.
As other states suffered through a falling economy last year, the Lone Star State experienced an influx of residents, thanks to relatively stable housing and employment markets.
The population grew by 140,000 in 2008, after subtracting those leaving the state from those moving into it.
The Census Bureau also reported that fewer residents were moving within their home states.
The percentage of people who lived in different homes within the same state dropped to 12.6 percent during 2008. It was 12.8 percent in 2007 and 13 percent in 2005, when housing markets were hopping.

Report: Austin among best performing U.S. metros
Austin Business Journal

Austin and San Antonio will be the first two U.S. cities to recover from the recession, according to a new national forecast from IHS Global Insight.
The forecast from the Lexington, Mass. economic research firm suggests the two Texas cities will bounce back to their pre-recession job levels sometime next year.

Eight other metropolitan areas are predicted to recover by 2011, a group that includes Texas' two largest markets, Dallas-Fort Worth and Houston, along with Washington, D.C.

IHS Global Insight said most metros will start adding employment next year, but the increases are likely to be tepid. "Solid gains will not return for the majority of the country until 2011," the report said.
Austin is also named one of the 20 best performing metropolitan areas in the second quarter of 2009, according to a study by the Brookings Institution.
The second quarter MetroMonitor report tracked nine metrics in 100 U.S. metro areas, and found Austin was a leader in many of those, from percent change in gross metropolitan product to percent change in housing prices.

Employment in Austin fell 0.5 percent from its pre-recession peak, that was the second-narrowest gap in the nation. The Texas Capital was also one of only three metro areas that surpassed their pre-recession peak output by the second quarter of 2009. Along with the other two cities, McAllen and Washington D.C., Austin was one of those least affected by the downturn.
The report's authors said the figures reveal some stark differences in economic performance among metro areas.

"Signs at the national level that job and income losses are slowing continue to mask the highly variable performance of individual metropolitan economies," said Alan Berube, co-author of the report. "While several metro areas may have reached a turning point, there are many others that still have not touched bottom, as well as a few that have almost fully recovered."

Texas had the strongest showing, with six cities among the 20 strongest metro areas: Austin, Dallas, El Paso, Houston, McAllen and San Antonio. Florida dominated the list of the 20 weakest metro areas with eight, including Bradenton, Cape Coral, Lakeland, Miami, Orlando, Palm Bay and Tampa.




Approximate Location Boundaries: Austin, Texas

Location Characteristics: As a Georgetown, Texas Resident for 35 years, I have seen a lot of changes and Real Estate growth in the Georgetown, Round Rock, and Austin areas. I am very active in the Community and understand the Real Estate Market. As Top Producer and Number 1 Expert in Georgetown, Texas for the past 10 consecutive years, I know the importance of hard work and dedicated service to my clients.
I enjoy meeting people and telling them about everything Georgetown, Texas has to offer and would love the opportunity to help you with your Real Estate needs.

For More Information:

View Market Conditions of other areas served by Lena Lansdale

Navigate: Top > Texas > Austin

About Lena Lansdale:
As a Georgetown, Texas Resident for 35 years, I have seen a lot of changes and Real Estate growth in the Georgetown, Round Rock, and Austin areas. I am very active in the Community and understand the Real Estate Market. As Top Producer with Keller Williams Realty-Georgetown and Number 1 Expert in Georgetown, Texas for the past 10 consecutive years, I know the importance of hard work and dedicated service to my clients.
I enjoy meeting people and telling them about everything Georgetown, Texas has to offer and would love the opportunity to help you with your Real Estate needs.


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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