As we finish the first month of 2009, I'm glad that in the last couple of weeks market activity has picked up. Some of my listings that weren't getting showings are now being shown multiple times and some of my buyers that were on the fence about making a purchase have resumed their real estate home search again. The increase in activity may have something to do with it being a new year, perhaps because we have a new administration in place or might be because rates are once again at historic lows. Whatever the reason, I'm glad that Austin isn't suffering like most of the country with their local economies and unemployment rates. As of today, the unemployment rate in Austin was 5.2% as compared to 8% nationwide. Though the local economy is in a slump, and it has affected the local real estate market by increasing number of days on market and slowing appreciation rates, I do think that the market will rebound some by this summer. I think that today's home buyer is much more aware and knowledgable about what they can afford, and when they've made a decision to purchase a home, they'll do so at the right time. Just my thoughts. For more information on Austin Texas Real Estate visit my site at http://www.RomeoM.com
Important News Update about the Real Estate Market in Austin, Texas
With all the bad press that the real estate industry has been receiving about home foreclosures, you'll feel more secure in knowing that a recent report shows that real estate values in the Austin area are still considered to be amongst the most undervalued homes in the nation. These are some of the highlights from the report of why the real estate market in Austin is a sound investment:
Given all of these reasons and the current low mortgage interest rates, why wouldn't you want to purchase your own piece of Austin Real Estate?
For more information contact Romeo Manzanilla or visit www.RomeoM.com or www.century21austintexas.com
References:
Century 21 Austin Texas
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