Image may be NSFW.
Clik here to view.
Some economists caution this latest case of economic jitters could impact the just-recovering national real estate market, but here in Austin new numbers show the market is stronger than ever. According to the Austin Board of Realtors, May was another record month for home sales in Austin; up 29 percent compared to May of 2012. Real estate experts believe as long as people continue moving to Austin, those upward trends will continue. Real estate experts say it’s typical for homes to sell quick in Austin, and as more people move to town, homeowners are jumping at the chance to sell in this market. Right now the median price for a single-family home is $231,500, up eight percent from May 2012. Mortgage brokers KVUE spoke to say it might also be the time to buy a home. Interest rates are expected to rise significantly. Right now the average sits right around four percent. [Read this article]
Related posts:
