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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.

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About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many 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: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

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