Most of you have read and heard information that the residential real estate market has recently taken a precarious turn downward.
I believe that most of the hesitation we are seeing in the market is a result of the barrage of headlines about the national real estate market and the fall-out from the sub-prime lending market. While these events may marginally affect Austin, the bottomline is that its still a great time to buy real estate in Austin Texas.
Austin is:
· Is ranked by Business Week as having the most affordable housing of any metro area in the nation
· Is in the top 10 markets nationally for job growth and actually has the healthiest job market in the last 6 years
· Has a foreclosure rate that has actually fallen since last year
· Is expected to double in population in the next 20 years
· Has never seen the dramatic rise in prices that has troubled many markets around the country
· Is absolutely the coolest place to live in the country
· Has absolutely NO fundamental problems in the real estate market
· Has a great selection of homes to choose from, making this a great time to buy-it's like having a clearance sale!
If you or someone you know is in the market to buy or sell a house, please call Lori Wakefield at 512.657.4455 - I look forward to hearing from you!
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