Google Set to Inhabit Austin’s Scarbrough Building

29 01 2008
Scarbrough Building. Google to office 2nd floor.

Usually I shy away from quoting an entire article in my post, but I’ll indulge myself just this once. Here’s the scoop on Google’s new digs in downtown Austin:


Google is headed to downtown Austin.

The Internet search leader has leased the second floor of the historical Scarbrough Building for an engineering center, said Office Leasing Advisors Inc., the Austin firm that represented Google Inc. in the deal.

Google will occupy 25,000 square feet of the art-deco-style building at Sixth Street and Congress Avenue, Office Leasing said.

Mountain View, Calif.-based Google did not respond to inquiries about the Austin office.

In recent months, Google has posted Internet job listings for an engineering director in Austin to head up a group of 100 or more engineers. It also has posted listings seeking software engineers in Austin. The Scarbrough office could hold 125 to 150 people, according to real estate brokers.

The entrance of a high-profile, national tech player like Google is a coup for Austin’s technology industry, tech recruiters and executives said.

“Google is another marquee name in the technology world that we can say we have in Central Texas, and in addition to getting the Google name, we’ll probably get some good-paying jobs with it,” said David Porter, senior vice president of development for the Greater Austin Chamber of Commerce.

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The INHABIT INDEX for November 2007

17 01 2008

Inhabit Index for November 2007

The November 2007 stats have finally arrived—a year later. The stats were delayed for nearly a month due to a recent overhaul of the MLS software by the Austin Board of Realtors. The transition to the new MLS has been anything but smooth, so hopefully the December stats will arrive on time and I can share my December index early next week.

The index for the greater Austin market decreased by 5 percentage points from October to November. Remember, this graph is a high level view of the broader market. Below you’ll find a more local view and be able to discern if particular MLS areas are in a buyer’s or seller’s market.  November’s shift to 16% suggests market conditions have become more and more favorable to many Austin buyers. This is due to a large supply of active listings on the market and mortgage interest rates below 6%—though today’s report on core inflation will likely cause mortgage rates to increase in the days ahead.

Here’s the break down by MLS areas.

Related Post :: The INHABIT INDEX: How to Know When It’s a Buyer’s or Seller’s Market.

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13 New Year’s Resolutions Everyone Selling Their Home in Austin Should Make

5 01 2008

1. I resolve to acknowledge this is a good time to sell, if I’m serious about selling.

2. I resolve to decide whether or not I’m serious about selling.

3. I resolve that I’m serious about selling. I think.

4. I resolve to do some market research on the Inhabit Austin Blog to find out if my neighborhood is in a buyer’s market or seller’s market.

5. I resolve that while I was visiting the blog I found some great tips for getting my home ready to sell.

6. I resolve to contact Jason to have him come take a look at my house and present me with a comparative market analysis.

7. I resolve to pick up the house a bit before Jason gets here, because I know he will speak candidly about the things I need to do so that I can sell my home quickly and for the most money possible.

8. I resolve to seriously assess what the market is telling me and price my home accordingly.

9. I resolve to take Jason’s advice and have my home’s condition and curb appeal superior to the other homes I’m about to compete with.

10. I resolve, challenging as it may be, to maintain the home’s showing condition and continue to live in it at the same time.

11. I resolve, therefore, to follow that easy plan Jason left for me.

12. I resolve that it’s not that bad after all. And this place looks great!

13. I resolve to let Jason work his marketing magic and…. Oh wait, Jason is calling… We have an offer!

These are a few resolutions you will not regret keeping. Happy 2008!


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