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January 3, 2019:  I attended the first of many economic forecasts.  Today was from MetroStudy, Vaike O'Grady, at the DRHorton VIP REALTOR luncheon.  MetroStudy is a veteran  Austin company that does forecasting with developers, homebuilders, and local MLS database information.

Here are the highlights:  first Austin added 35,200 jobs , up 3.3% in 2018, and over the past 5 years has averaged approx 36,000 jobs /year.

we are 7th in the Nation for job creation.  Austin expanded 7.9% annualized, mostly in Health,Professional services, and CONSTRUCTION.

Our unemployment rate (Nov. 2018) is 2.7% and has been under 4% for 5 years running.

Where are all these people coming from ?  30% are out of area, 30% of those are from California.

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Today three great minds came together at the JWMarriott before 700 industry folks for the annual 2017 Home Builders of Austin Housing Forecast: Eldon Rude, Principal of 360* Real Estate Analytics, Dr Greg Hallman,Senior Lecturer in Real Estate Finance at the University of Texas at Austin McCombs School of Business, and Colleen Sharp, VP of Kantar Futures.

Two great hours were spent by a packed ballroom of business leaders listening about the Austin, Texas, US economy, interest rates, job growth, Consumer confidence, housing starts, rents, prices, GDP, and the economic entwining of us and the world economies in China, India, EU, etc.

I want to recap my thoughts on this, with a focus on the Austin real estate markets. 

1. Austin has seen a

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Any election year brings uncertainty, and 2016 exhibited that with homesellers and buyers waiting until after Nov 9, to make the largest purchasing decision of their family.

Single-family home sales rose 15.8% in November, the biggest year-over-year jump in 3 years.  Several chief economists say the post-election rise in interest rates helped folks jump off the fence and capture those 4% and below rates.   Same rates now are 4.38% and higher, expected to go to 5% by end of 2017.  This affects the purchasing power of every buyer, and the affordability for buyers affects what sellers get for the homes they sell.

Another factor in Austin is the creation of 32,100 jobs in 2016, compared to 39,200 jobs in 2015, and expectations for 28,200 jobs in 2017

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austin skyline, austin real estate, downtown austin, austin texas, austin realtor 

Hello, dear former and current seller and buyer clients and friends and family who have supported me in 2015.

It's with great pleasure that I introduce you to the newest version of GayPuckett.com! Online search in Austin real estate is a changing landscape, so it's only natural that the new website bring the latest tech to your fingertips, no matter where you're searching.  I've worked to bring you a mobile-friendly, user-oriented website with only the best.

You'll notice a number of new features, such as improved search, saved favorites, and more client resources. Take a look at my top pages, or register for a free account to start saving your top Austin real estate listings.

  • Our Listings
  • Map Search
  • Browse Austin homes

Let me

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Gay Puckett, Broker Associate

ABR, CRS, GRI, CLHMS, REALTOR®


3933 Steck, Suite B-110 Austin, TX, 78759

Phone: (512) 917-1542 | Fax: (512) 857-1254
Email: Gay@GayPuckett.com

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