Earlier today I blogged about the ongoing mortgage crisis, and the almost inevitable fact that Austin will continue to feel its effects, but it is important to keep in mind the contrasts between the Austin/Central Texas real estate market and the hardest hit states and cities.
From this morning’s Austin American-Statesman, reporting on national new-home sales in January:
New-home sales drop to lowest level on record
On the other hand, here are two recent articles about the Greater Austin market:
Austin construction activity to climb 30%
Austin home sales up 5 percent in January
In the immortal words of Yogi Berra, “It ain’t over ’til it’s over.” Austin and Central Texas,though, remain in a very strong position, not only to weather the continuing national economic storm, but to attract new growth and jobs and investment even as the rest of the country works through a very difficult recovery.
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