Does the Austin Home Starts Increase Mean the Housing Market Is Beginning To Recover?
There is definitely some positive housing news coming out of the Central Texas real estate market recently. Consider the following statistics recently released from the Austin Statesman:
- the annual home starts pace improved for the first time in more than a year, new figures show.
- home starts in Central Texas picked up 27 percent in the third quarter compared with the same period last year
- each of the previous four quarters had ended with fewer homes started on an annual basis, so this is encouraging
- Builders started 1,760 homes from July through September, 376 more — and “decidedly better” — than in the same period in 2010 http://www.statesman.com/business/good-sign-for-austin-market-home-starts-up-1889148.html
The biggest factor to the Austin home starts increase is due to increased employment. The Austin area produced 15,500 net jobs for the 12 months that ended in August, a 2 percent growth rate, according to the Texas Workforce Commission. There is absolutely no question that employed people are able to buy houses and that a healthy job market leads to a healthy housing market.
Austin Home Starts Increase |Hippie Hollow Homes
The statistics are showing an improved housing market, and there’s no question that Central Texas is better off than just about any other housing market in the U.S., but this doesn’t mean that there aren’t some people out there who are struggling to sell their houses.
During this economic downturn, housing prices have dropped. What do you do if you require a fast sale on your house but you owe more than it’s worth? Maybe you owe as much as it’s worth but cannot afford to pay closing costs?
Regardless of your situation, Hippie Hollow Homes can help!
These times are unconventional, and if you have a situation that is not conventional, such as you owe more than your house is worth, you’re facing foreclosure, you cannot afford to pay Realtor / closing costs, need to sell your house quickly, etc… whatever your situation, we have real estate investors who can assist you.
Our out of the box, creative solutions have helped us participate in more than 1,200 real estate transactions since 2004. All of our strategies we use are legal and work; after all, as our logo states, we have nothing to hide!
At Hippie Hollow Homes, we work tirelessly to solve the problems that plague distressed sellers in today’s marketplace. We have years of experience and some of the top real estate investors in the country working for us. We match strategies that work with the current state of the economy. We can provide you with solutions.
We cannot help you if you don’t give us a call.
Contact us today at 512-900-7991, let us know your situation and we can provide you with options.
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