The local media is (at last) reporting what Realtors® have been telling you for a year… there IS light at the end of the tunnel and Austin will not ever see the huge decline in prices that markets that boomed to the tune of 25%+ appreciation a year are now facing. Home ARE selling, both in the low and high ends.
The plus to today’s market are the historically LOW, LOW interest rates and the opportunity to buy while home sales are slow and while we are still in a buyer’s market.
Resales are also great buys in Austin. There are many, many deals out there to buy a resale home for a price much below the cost to recreate the home today with soaring lot costs and tighening city oridnances.
For more on KVUE’s report, visit their website at http://www.kvue.com/video/?z=y&nvid=319114.
Tx6Oji Very true! Makes a change to see someone spell it out like that.