The Austin unemployment rate experienced a slight decrease from 7.1% to 7.0% in April 2010. The State of Texas unemployment rate also decreased slightly from 8.2% in March 2010 to 8.1 in April 2010. The U.S. unemployment did decrease from 10.2% in March 2010 to 9.5% in April 2010. Austin-Round Rock-San Marcos continues to be lower than the National average.
Between January 1st and May 21st a total of 2973 single family homes sold in the city limits of Austin. While only 2587 homes sold during the same time period in 2009, which is 13% less than the same time in 2010.
Bank rates continue to remain very low at 4.84% for a 30 year fixed rate mortgage according to Freddie Mac.
For a more detailed update on the Austin unemployment rate click: Austin Unemployment and Austin Real Estate Market Update April 2010.
Source: Raw real estate data provided by the Austin Board of REALTORS® and interpreted by Austin Realtor® Brian Talley of Regent Property Group. The unemployment data was provided by the Texas Workforce Commission and the Austin American-Statesman. Although the above information is deemed reliable, it is not guaranteed to be reliable or accurate. The information contained herein is subject to errors and/or omissions and are not in any way guaranteed as accurate or reliable by Brian Talley or by Regent Property Group LLC.