Austin real estate market trends show that it is the prime time for buyers to buy Austin,TX homes [http://www.austinrealtyconsultants.com/] as the prices of property in the area are down and there is plenty of inventory to choose from. Eldon Rude of Metro study told a crowd of real estate agents that the Austin area real estate market may be a little tougher in 2009.
So far Austin home prices have stayed solid for the most part +/-5% but with the tighter lending requirements and weakened consumer confidence have increased the amount of inventory of homes for sale in Austin to a 6 month level. In most cities a 6 month level is neutral market. However, in Austin, TX over the last few years the average inventory of homes for sale was less than 3 months. This will cause homes that need to move quickly to sell at a lower price which will ultimately pull the price of homes for sale in Austin down a bit.
What does that mean if you are renting a place and you are qualified to buy a home? It means you have the potential to get a great deal on a home right now! In addition the federal government is offering a tax credit to all home buyers who purchase a home before June 1, 2009 for up to $7,500. In short that is like saying the government will reimburse you on your down payment on your FHA loan.
Market experts have forecasted that the Austin, Texas real estate market situation is going to get slightly worse during 2009 before it gets better. Anyone who is able to buy a home this year will be able to take advantage of this prime opportunity. We don't know where the exact bottom is - but we are very close now. Experts predict the Austin real estate market to improve around 2010.
At http://www.AustinRealtyConsultants.com/, we help the buyers find a home for their ideal needs and help them get a great price on their home in Austin, TX or surrounding area. We guide them qualified lenders that can inform them about their financing options and help them to buy a house at low interest rates. We also provide our clients with up-to-date listings of Austin, TX homes that for sale (or recently sold) which allows them to make an informed decision on the value of the home they plan to buy.
According to Forbes, Austin is the second Best City to Buy a Home. If you are planning to relocate to Austin and are looking for a home for sale in Austin, condo in downtown Austin or Austin apartment for rent then Austin Realty Consultants is your destination. Visit us today at http://www.AustinRealtyConsultants.com [http://www.austinrealtyconsultants.com/]
So far Austin home prices have stayed solid for the most part +/-5% but with the tighter lending requirements and weakened consumer confidence have increased the amount of inventory of homes for sale in Austin to a 6 month level. In most cities a 6 month level is neutral market. However, in Austin, TX over the last few years the average inventory of homes for sale was less than 3 months. This will cause homes that need to move quickly to sell at a lower price which will ultimately pull the price of homes for sale in Austin down a bit.
What does that mean if you are renting a place and you are qualified to buy a home? It means you have the potential to get a great deal on a home right now! In addition the federal government is offering a tax credit to all home buyers who purchase a home before June 1, 2009 for up to $7,500. In short that is like saying the government will reimburse you on your down payment on your FHA loan.
Market experts have forecasted that the Austin, Texas real estate market situation is going to get slightly worse during 2009 before it gets better. Anyone who is able to buy a home this year will be able to take advantage of this prime opportunity. We don't know where the exact bottom is - but we are very close now. Experts predict the Austin real estate market to improve around 2010.
At http://www.AustinRealtyConsultants.com/, we help the buyers find a home for their ideal needs and help them get a great price on their home in Austin, TX or surrounding area. We guide them qualified lenders that can inform them about their financing options and help them to buy a house at low interest rates. We also provide our clients with up-to-date listings of Austin, TX homes that for sale (or recently sold) which allows them to make an informed decision on the value of the home they plan to buy.
According to Forbes, Austin is the second Best City to Buy a Home. If you are planning to relocate to Austin and are looking for a home for sale in Austin, condo in downtown Austin or Austin apartment for rent then Austin Realty Consultants is your destination. Visit us today at http://www.AustinRealtyConsultants.com [http://www.austinrealtyconsultants.com/]
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