Austin bucks many trends, as does Texas in general. This year, we are holding our pricing but are seeing slow traffic locally, mostly due to low consumer confidence driven by national angst. But good news has been trickling in. Here is the latest from the National Association of Realtors® showing after recent numbers show a rise in pending home sales.
In the News: Existing home sales in surprise jump
January 27, 2009 By Leave a Comment
CNNMoney.com reported Jan 26th, 2009 that existing home sales numbers have taken a surprise jump nation-wide. Existing home sales in December were 6.5% higher than November’s, although still down 3.5% over December 2007′s numbers. Interest rates and bargain prices are credited with bringing buyers back into the market, and hopefully this is a sign of things to come. Although we are not where we want to be, we are now headed in the right direction.
The spring could say a lot about the health of the markets both locally and nationally. We are all expecing great things from the new President, and hopefully this is a sign of great things to come.
