
Real Estate Blog Monday, August 25 2008
Jean Kwon published a report that highlights the statements of Mark Dotzour, chief economist at the Texas A & M University Real Estate Center, concerning the economic forecast for Austin into 2009.
The report made predictions regarding jobs, the housing market, residential leasing,
![]() The findings include:
- 8,500 new jobs by Aug 2009
- Austin area residential home sales will pick up much faster compared to other metropolitan markets
- Constructions in the new builder sectors will decline due to the inability of some to get new loans; should last until fall.
- Rental rates for apartments will be
![]() - Commercial office construction will have little activity, so as the economy starts to improve mid-2009, there will be higher rental activity.
- Downtown big brands, such as REI and Whole Foods which have been successful will have a difficult time in 2009.
For more information, please visit the Austin Business Journal. |
