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Market News and Trends

Amazing contrast!


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.

About Bill Morris, Realtor

Many years of business experience (high tech, client service, business organization and start-up, including 18 years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs. Learn more about my background and experience, my commitment to my clients, my profession, and to the real estate industry at CentralTexasHomeSearch.com.

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