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You are here: Home / Market Analysis / Strong Job Growth = Price Appreciation
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Strong Job Growth = Price Appreciation

towers staff June 16, 2007 Comment

It's no secret that housing prices are strongly correlated with employment growth. Demand for homes increases when jobs are created and this demand pushes housing prices up. It's no the only factor -- interest rates are very important as well. But, all things created equal, when new jobs come to town, housing prices go up.Today, the Texas Workforce Employment released the latest unemployment statistics for the state. The news: unemployment dropped to 4.1%. This is very low. In fact, it's lower than the peak of the dot com boom. It's also lower than the peak . . .

 

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48 East Ave #1007
Austin, TX
Photo of 48 East Ave #1007, Austin, TX 78701 (MLS # 8700780)
$399,000
17
  • Lot Size
    40 sqft

  • Home Size
    463 sqft

  • Beds
    1 Bed

  • Baths
    1 Bath

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48 East Ave #1007
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Photo of 48 East Ave #1007, Austin, TX 78701 (MLS # 8700780)
$399,000
17
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    1 Bed

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    1 Bath

54 Rainey ST #922
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Photo of 1005 E Riverside DR, Austin, TX 78704 (MLS # 6150738)
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