Sticker Shock! Sluggish December Smacks You in the Face

I wonder if anyone uses the term, "sticker shock" anymore. Sticker shock was used backed in the 80s and 90s to describe the raw, gut reaction that consumers had when they saw an extremely high price tag on a item. The term wasn't used to describe real estate, but I think you should prepare for sticker shock on December market stats.

If I had to describe the face of a sticker shock victim, it would look like what you'd expect from someone who had their hand struck with a hammer or who jumped in the Alaskan waters sans speedo.

A quick peek at December stats show that it was a sour month for Texas real estate. Lack of consumer confidence, high oil prices, less investors, and the holidays caused Austin real estate sales to be down 27% from 2006. Houston, Dallas, and San Antonio didn't beat last year either.

[Wait for the resounding OUCH...]

Now that the shock is over, let's break this down.

THE TRUTH ABOUT TEXAS REAL ESTATE

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