Austin Jobs vs. Unemployment Rate - A Healthy Situation

First, if you didn't understand the Fed's diagram in my last blog, that outlined the sub-prime mortgage crisis, you have lots of company. The professionals who were buying these things for banks and other big institutions didn't understand the situation, either. That lack of understanding is why they have lost hundreds of billions of dollars and why we're in this mess.

Austin is very lucky. We have a strong job market, so far continuing to grow with low inflation. Imagine if we had a high unemployment rate and were losing jobs on top of having this mortgage problem. Job growth will continue to be the second most important factor in the real estate market after the morgage crisis. These figures include September 2007.