Real Estate Blog
Wednesday, March 25 2009
The ABoR real estate statistics for Februrary 2009 have been released and there is evidence of improvement. Although residential home sales are down year-over-year, they surpassed the figures for February 2008. Also, you can see an increase in median home prices when compared to the same month last year.
Chairman of ABoR, Jay Gohil observes, "Compared to last month, we’re seeing the year-over-year gap begin to close on sales volume and hope consumer confidence will continue to rise to further spur the market...With unprecedented incentives available to homebuyers, such as an $8,000 first-time homebuyer tax credit and some of the lowest mortgage interest rates in history, we believe many Central Texans will recognize this spring as a great time to build wealth through Austin real estate.”