Annual Market Update: Austin Real Estate Winners and Losers 2007

by DeeinAustin^TM

Austin real estate was poised for a Super Bowl-style win in 2007, but the year proved to be humbling after the mortgage market fumble last summer.

SEE THE  8-YEAR AUSTIN REAL ESTATE MARKET PLAY-BY-PLAY (From 1999 to 2007)

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• Austin homes sales during the first few quarters in 2007 were selling in under 30-60 days. Buyer confidence was high.
• The Texas mortgage market tanked in June. The result: many buyers and investors who wanted loans simply could not get them.
• Loans for new construction, land, stated-income, sub-prime borrowers and low-down payments were at a stand-still for a few months Fall '07.

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