Comments on: NY Times Article on the Austin Real Estate Market: A Backcountry City with Manna from Heaven? http://inhabitaustin.wordpress.com/2008/02/21/ny-times-article-on-the-austin-real-estate-market-a-backcountry-city-with-manna-from-heaven/ you are where you live. Sat, 17 Jan 2009 04:57:57 +0000 http://wordpress.com/ hourly 1 By: jgroves http://inhabitaustin.wordpress.com/2008/02/21/ny-times-article-on-the-austin-real-estate-market-a-backcountry-city-with-manna-from-heaven/#comment-188 jgroves Wed, 27 Feb 2008 16:35:06 +0000 http://inhabitaustin.wordpress.com/?p=210#comment-188 Thanks for the comments! It's always interesting to hear how our local market compares to other markets across the US. I hope you'll share your perspective with me and my readers again in the future. As for the point that you both echoed from the NY Times article Austin has dodged a bullet so far. But don't be confused. We have been affected, albeit in a much more tolerable way than other places. Total sales volume has slowed relative to the previous two years, but prices remain firm and continue to moderately appreciate in many neighborhoods throughout the city. While our local market isn't invincible, the quality of life in Austin and strong local economy has been and continues to be a good buffer. -Jason Thanks for the comments! It’s always interesting to hear how our local market compares to other markets across the US. I hope you’ll share your perspective with me and my readers again in the future.

As for the point that you both echoed from the NY Times article Austin has dodged a bullet so far. But don’t be confused. We have been affected, albeit in a much more tolerable way than other places. Total sales volume has slowed relative to the previous two years, but prices remain firm and continue to moderately appreciate in many neighborhoods throughout the city.

While our local market isn’t invincible, the quality of life in Austin and strong local economy has been and continues to be a good buffer.

-Jason

]]> By: Lake Blue Ridge Property http://inhabitaustin.wordpress.com/2008/02/21/ny-times-article-on-the-austin-real-estate-market-a-backcountry-city-with-manna-from-heaven/#comment-185 Lake Blue Ridge Property Tue, 26 Feb 2008 18:49:38 +0000 http://inhabitaustin.wordpress.com/?p=210#comment-185 Floridians love to vacation and buy second homes in GA and the Carolinas as you said for the change of weather. I think we will always have this type of sale. I think people are just being cautious right now. It sounds like Austin TX is a nice place to live and has avoided this housing bubble so far. Floridians love to vacation and buy second homes in GA and the Carolinas as you said for the change of weather. I think we will always have this type of sale. I think people are just being cautious right now.

It sounds like Austin TX is a nice place to live and has avoided this housing bubble so far.

]]> By: Ron Holland http://inhabitaustin.wordpress.com/2008/02/21/ny-times-article-on-the-austin-real-estate-market-a-backcountry-city-with-manna-from-heaven/#comment-178 Ron Holland Thu, 21 Feb 2008 20:29:23 +0000 http://inhabitaustin.wordpress.com/?p=210#comment-178 From Wolf Laurel in NC mountains - Just because Austin has missed the housing recession bullet so far doesn't mean it will continue to do so. I believe Merrill Lynch is correct about the arrival of recession in the United States. The housing downturn is negatively impacting property sales in second home communities in Florida. This is also slowing sales in NC mountain resorts that depend on Florida buyers. Still the downturn in prices and building of inventories is starting to attract second home buyers from Florida looking for cool temperatures in our mountains. Also the dramatic decline in the dollar combined with weakness in American real estate markets are beginning to interest some bargain hunting European investors. From Wolf Laurel in NC mountains – Just because Austin has missed the housing recession bullet so far doesn’t mean it will continue to do so. I believe Merrill Lynch is correct about the arrival of recession in the United States. The housing downturn is negatively impacting property sales in second home communities in Florida. This is also slowing sales in NC mountain resorts that depend on Florida buyers.

Still the downturn in prices and building of inventories is starting to attract second home buyers from Florida looking for cool temperatures in our mountains. Also the dramatic decline in the dollar combined with weakness in American real estate markets are beginning to interest some bargain hunting European investors.

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