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Market News and Trends

A vote of confidence ….


There has been a lot of news lately about the housing market and about the U.S. economy in general that should be of concern to anybody who considers him or herself a realist.  I have written for a very long time about the strength of the Austin/Central Texas economy, about our employment picture, about the continuing migration of employers and their employees to the Austin area, about how our culture, environment, climate, etc. continue to make Austin a desirable place to live, and about how our real estate market has been largely insulated from the effects of the recession and housing downturn that have affected other areas so severely — California, Arizona, Nevada, and Florida in particular.  (Michigan, too, although their difficulties began long before the 2007/2008 downturn.)  I remain confident in all the positives that the Austin area has to offer, but we are not an island, and if the national economy remains soft we will feel it here, too.

That said, I noted an article in today’s Austin American-Statesman about a significant investment in the belief in Austin’s continuing economic strength:

Austin council set to vote on 2,300 acres of development along Texas 130

Road and utilities preparation could begin this year, and the entire development could ultimately include 5,000 homes and townhomes, 2,600 apartments, 2 million square feet of office and retail space, and 700 acres of parks and open space.  Obviously, that doesn’t happen all at once, but planning for this kind of development is a major vote of confidence for Austin and Central Texas.

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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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