The Carvajal Group Blog

Austin real estate market on the rise

February 9th, 2011

Since 2007, the housing market in Austin has gone through serious changes. Though Austin has been able to weather the real estate bubble crash of 2008 better than most cities in the US, 2010 saw a 25 percent drop in home sales.

2011 is seeming to be a different year and the new numbers are encouraging. Home prices are one the rise, giving home owners the opportunity to recoup from their investment.

“This is a great time to buy in Austin,” said Eric Carvajal of the Carvajal Group. “Real Estate investments might not see as much action in other cities in the US, but Austin is poised to reap the benefits of steady growth. Sure, there are riskier cities that might offer higher returns, but think of Austin as a Blue Chip. You’ll see consistent returns on your investment.”

January saw a 20 percent increase in home sales and a third more leases than January of last year, which is a great start for 2011.

If you are searching for an Austin home, contact the Carvajal Group at 512-419-7770 to speak with an Austin real estate agent.

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