Austin Real Estate Market Continues to Grow

    As fears continue over America’s rocky real estate market and mortgage crisis, some good news is on the horizon for our community.  According to a CNNMoney.com article by Paul Kaihla, a new study lists 10 metropolitan areas which seem to be shunning the market norms during this tumultuous time.  Of course, Austin made the list.
    The study, conducted by Business 2.0, working with Moody’s Economy.com, shows projections for Austin’s real estate growth potential over the next two years.  While most markets are expected to continue to decline for at least another year, the listed 10 are expected to see growth of 4-7%.
    High paying jobs, generally young and educated residents, and comparably low median house prices make Austin one of the premier places to live and work.  While San Francisco home prices have stagnated since 2005, Austin’s have enjoyed a 6% growth. 
    With the median home price still under $200,000, Austin has established itself as a real estate investor’s dream.  And with these new projections, those investors can also look forward to 4.7% growth by the end of 2009. 

The RealtyPro Team helps sellers, buyers, and investors with their residential real estate transactions all over the Greater Austin metropolitan area.  To search all currently available property listings, visit www.AustinRealtyPro.com/SearchAustinListings