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Even with sales soft, however, Austin area prices have held their own, and continued to increase slowly in some important market segments. Continue reading
Austin is still in a much better place than the states that saw the most serious declines in home values over the past couple of years. Here too, though, this problem will likely get worse before it gets better. Continue reading
I have seen other credible forecasts that when the Fed withdraws support, mortgage rates could increase 1% to 2% about current rates. These “power brokers” are more optimistic, and generally see the market stabilizing. Continue reading
“The U.S. homeownership rate held steady at 67.2 percent at the end of the fourth quarter of 2009, slightly lower than the 67.6 percent rate posted in the third quarter, according to the U.S. Census Bureau.” Continue reading
“We are far from retreating, given all of the uncertainty we’ve had to face we are now empowering a movement from mindless to mindful consumption.”
Continue reading
Three more articles appeared today that demonstrate that developers and employers recognize the strength of the Central Texas economy and are making tangible bets on the future. Continue reading
NOW, we have tax incentives and very low interest rates and seasonally low home prices. LATER, tax incentives will expire (contracts after April 30) and interest rates and home prices are likely to increase. Continue reading
Austin’s real estate market remains a significant bright spot among many U.S. metro areas that continue to struggle. I trust this recap will be informative, and helpful as you consider the current market position of your Central Texas home, or your plans to purchase a home. Continue reading
I’ve written so much lately about growth and opportunity in Austin-proper, I want to share that the entire area is getting a lot of positive attention. More to come as the year goes on …. Continue reading
As the American-Statesman article says, total non-farm employment in December 2009 was 2,300 jobs lower than December 2008, but recent trends and most economic forecasts (Austin employment picture remains positive) are optimistic. Continue reading
Bill Morris on Austin Real Estate 