Austin, Texas Home Prices Very Unlikely to Drop, Study Finds
According to an in-depth study conducted by PMI Mortgage Insurance Company and released this past week, the Austin-Round Rock metro area is very unlikely to see a drop in home prices over the next two years. Austin was ranked as one of about 14 metropolitan areas around the country with a less than 1% chance of prices dropping between now and 2010.
In fact, Texas fared well statewide, with Dallas, Fort Worth, Houston, and San Antonio also making this short, exclusive list of low-risk cities.
With the continued barrage of negative national economic news, including the intense focus on the economy in the Presidential debates lately, it is nice to see some good news for our local market. I have always tried to provide this (real) picture of the Austin market here on my blog and in person with my clients and the agents who work for me.
It is so easy to assume that since the national numbers are down, it is rough everywhere, but this is simply not the case. In fact, our team had a phenomenally strong September for sales.
If you are interested the aforementioned article can be seen in its entirety here:
If you are considering making a move to Austin in the near future, or if you have any questions that I can answer for you, feel free to contact me anytime. I would love the opportunity to help you find the right home. I have a strong background in relocation. Also, here's my online relocation package for your perusal: