Austin Real Estate Slump Media’s Fault
Austin Real Estate: Slump or Surge?
It’s sweeps time again, and if you pay attention to national and local network news lately, you have surely been inundated with shocking lead stories about the current “real estate crisis”.
The “crisis” began as an issue with defaults on sub-prime mortgage which accounted for a very small percentage of overall mortgages. The issue has now impacting mainstream mortgage brokers and home builders. Stock prices are falling and corporate executive are knee-jerk cost cutting to improve earnings ratios. This has slowed new home construction and tightened mortgage requirements.
Don’t Let the Austin Real Estate Slump Talk Dissuade You
In reality, interest rates are still very attractive and the Austin real estate inventory is high. Prices are falling as sellers are becoming anxious with all the negative press, even though most sellers are still making considerable profit. These market conditions make Austin a buyer’s market - ideal conditions for aspiring home buyers to find an Austin home.
May 19th, 2008 at 6:30 am
foreclosure companies…
Have you been to Hawaii Islands? Hawaii is a great place to visit. You can find beautiful beaches and all the things you can do to refresh your mind. That’ s why many people have decided to stay permanently in Hawaii. Do you want to stay in Hawaii too?…
May 19th, 2008 at 10:29 am
Yes, I’ve been to Hawaii. Thanks for spamming, come again.