From Impact News, March 20, 2009...
While the Central Texas housing market of 2009 is not necessarily booming, it is certainly better off than many comparable regions around the country. New home starts fell sharply in 2008, but compared to Las Vegas, Miami and many parts of California, the Austin market is faring pretty well.
While the Central Texas housing market of 2009 is not necessarily booming, it is certainly better off than many comparable regions around the country. New home starts fell sharply in 2008, but compared to Las Vegas, Miami and many parts of California, the Austin market is faring pretty well.
Some economists, analysts and real estate insiders have even predicted a housing shortage in the region in three to five years. For those looking to buy a house at that time, a shortage could mean higher prices or waiting for new homes to come online.
A shortage would likely arise because of a decline in new home starts combined with a steady influx of new residents who are attracted to the region’s relative economic stability.
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