Historic Financials Times
Saturday, October 11, 2008
Wow. It is an amazing and historic time in our country's financial history.
If you are uncertain as to where to put your money these days, you are not alone. The bank? The Stock Market? A Mutual Fund? Holy cow! Real estate? Maybe. Any real estate? Definitely not.
Austin Area real estate? We think so. Consider this:
- Despite all of the national headlines, property values in The Austin and Central Texas market - surprising - continue to gain in value (though sales have slowed) - Click here for the full article.
- A third party entity called The PMI Group has recently ranked the four major Texas cities as the "least likely to decline in value in the coming year" with a less than 1% chance of decline. Click here for the full article.
Though we do expect continued an unsteady market up until the Presidential election, we continue to encourage value hunters to consider buying this year, because Central Texas sellers are generally more willing to deal than any time in the past several years, and the selection of available inventory would make buyers of the past few years salivate.
Austin continues to benefit from record unemployment, rising rents, and supply constraints preventing new real estate development (read: competition bad).
Though we are not crystal ball wielders, we can reasonably project that this season offers some of the best deals in some of the best areas of town. Please contact your us if you'd like additional information on the Austin market.
