The Carvajal Group Blog

Austin Real Estate Market Holds Steady Despite Slowed National Economy

July 11th, 2008

Despite downhill market dips, the Austin area real estate market has been holding steady.  As one of the fastest growing metropolitan areas in the United States, the real estate market remains in the hands of buyers.  There has also been a 5% increase in the number of available new homes for Texas residents. 

This contrast between the Austin market and the rest of the country has many buyers in a wait-and-see mode, hoping that the prices will go down even farther.  As more and more people move into the city, the demand for housing increases.  The constant influx of people who are working and contributing to the economy need a place to stay, which has kept the Austin market in a very good place.

For more information on the Austin, Texas real estate market, contact the real estate specialists at the Carvajal Group by calling 512.419.7770. 

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