Austin Employment to Lead

A forecast by IHS Global Insights says Austin and San Antonio will lead the nation's employment recovery, with other Texas cities following suit.

Austin and San Antonio will bounce back to their pre-recession job levels sometime next year, according to the economic forecasting firm....

If this forecast proves accurate, it will bode well for Austin homes values given that the level of employment is one of the indicators affecting housing demand.

National Homes Prices Interactive Chart

This is a great interactive chart Realtor.org created showing changes in median home price and volume over time. If you look at the changes in price using the "trails" option, it shows that the West and Northeast were the hardest hit from this housing crisis in terms of price drops. The Midwest and South only saw moderate declines. Check it out here.