Happy New Year...Chapter 1
Happy New Year! Chapter #1
I know...I am one month early. But by golly, it has to get better. I don't know about you, but I am just tired, and ready for a turnaround. Here is the latest news from the Austin Board of REALTORS and reported in the Austin American Statesman, "But the U.S. housing and economic downturn still has the region in its grip, as sales fell 25 percent, the steepest monthly decline since May 1997, according to the Austin Board of REALTORS. D'Ann Petersen, an economist with the Federal Reserve Bank of Dallas, said the year-to-date median price is up 3 percent in Central Texas. "Basically, values are flat," Petersen said. "While that sounds a bit disappointing, flat values — and even a slight downward dip — would be nothing compared to what is occurring in other areas of the country," she said, noting that third-quarter home values were down more than 30 percent in some areas of California."
I think we have seen the bottom of the market in Georgetown. I believe we will rebound in the spring of 2009 and continue to grow. New home sales are slow, but the growth of resale homes in Georgetown is flat. This indicates it has bottomed. That number, about 680 units, has been the same for the last eight weeks. It is not growing, so it is time to take advantage of the opportunity!
To be continued:
I know...I am one month early. But by golly, it has to get better. I don't know about you, but I am just tired, and ready for a turnaround. Here is the latest news from the Austin Board of REALTORS and reported in the Austin American Statesman, "But the U.S. housing and economic downturn still has the region in its grip, as sales fell 25 percent, the steepest monthly decline since May 1997, according to the Austin Board of REALTORS. D'Ann Petersen, an economist with the Federal Reserve Bank of Dallas, said the year-to-date median price is up 3 percent in Central Texas. "Basically, values are flat," Petersen said. "While that sounds a bit disappointing, flat values — and even a slight downward dip — would be nothing compared to what is occurring in other areas of the country," she said, noting that third-quarter home values were down more than 30 percent in some areas of California."
I think we have seen the bottom of the market in Georgetown. I believe we will rebound in the spring of 2009 and continue to grow. New home sales are slow, but the growth of resale homes in Georgetown is flat. This indicates it has bottomed. That number, about 680 units, has been the same for the last eight weeks. It is not growing, so it is time to take advantage of the opportunity!
To be continued:
