I just emailed an article from the Austin Statesman to my database re the National Real Estate scene vs. that of Austin's and this brings up the age old discussion that...
Real Estate is strictly a LOCAL phenomenon as prices often go up on one area of the country and go down in others. Unfortunatley, a number of Austinites see the gloomy national real estate headlines and think that these headlines apply to Austin. However, this is not the case.
Real estate values in Austin remain strong and real estate should continue to appreciate. The bottom line is: the Austin population is expected to double over the next twenty years. And the types of people moving here are well paid. More people, making more money, all wanting to live as close to downtown Austin as possible. Demand > Supply.
Do you know anyone who regrets buying real estate in Austin twenty years ago? Me neither.
My advice: Buy now.
Tim Bishop TX Loan Officer #44413
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