The National Media has had a field day with the latest "Economic Downturn" and are spewing tons of toxic waste into the media about the state of affairs in our country. Well...that's fine if you're Phoenix, Detroit, Las Vegas or Miami...but not Austin, TX. As I sit here today, I'm happy to report that the real estate market in Austin, TX is alive and well. According to the Chief Economist at Texas A & M, Mark Dotzour, “If you need to sell, sell,” he said. “This market is good. This market is healthy. It’s not going down in price.”The following facts helped Mark Dotzour conclude that Austin's Real Estate Market is just fine:
- Median prices have steadily increased since 2004, $192,520
- Homes are still affordable in comparison to most US cities
- Job Growth projected to be 17,000 for 2008 alone
- Homes on the market for less than 90 days
- Less than 6 months inventory
There are so many other reasons Austin is such a great place to live, but I don't have the time or inclination to enumerate!
Have an awesome day!!!
Socar
2 comments:
You don't "have the time or inclination to enumerate!" Why not? You're the one who brought it up. You don't open a new topic of conversation then just abandon it.
At this point you're obligated to give us at least TWO reasons why Austin is so wonderful to live in.
Dude...if you're living here you already know why it's great!
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