The Carvajal Group Blog

Austin Housing Market Expected to Recover Faster than the Rest of the Nation

August 25th, 2008

Mark Dotzour, the chief economist at Texas A&M University’s Real Estate Center, has stated that Austin is likely to outperform the rest of the nation in the coming year in terms of job growth and the stability of the housing market.

Between now and August of 2009, it is estimated that Austin will add 8,500 new jobs, and as such, the housing market in Austin will recover much faster than in the rest of the nation.

With recent drops in employment and homebuilding nation wide, this is good news for Austin residents and for those contemplating a move to the area, as more job opportunities will open up and rental prices should drop by next fall.  Additionally, Dotzour predicts that the number of new homes built in the area will increase.

If you are interesting in buying or selling property in Austin, contact a representative of the Carvajal group by calling 512-419-7770 today.

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