Good RE News Being Ignored

Dec 8th, 2008, 01:33 AM #1 (**permalink**)

Local housing shows 5-year net value growth

Dec 8th, 2008, 10:08 AM #2 (**permalink**)

Thanks Runum.

Quote:

For example, Austin, Texas, saw average housing prices gain by 5.6 percent during the past 12 months and by a cumulative 35.3 percent since the third quarter of 2003.

I can attest to this, although, outlying areas aren't seeing as much growth. What's interesting is that the market in my area (just outside northeast Austin), is seeing steady growth and only a mild slow down in sales. Even my loan officer said he is keeping busy with a flood of loan requests (I'm guessing a lot of those are refi's). Ironically, my wife and I will be closing on a former model home next week, which we'll be buying $100,000 under FMV.

Dec 8th, 2008, 08:56 PM #3 (**permalink**)

interesting... the media usually does seem to focus on the bad news, not the good.

Dec 8th, 2008, 09:28 PM #4 (**permalink**)

I have a rule in my book....
You never want to be in the news.

Dec 8th, 2008, 09:30 PM #5 (**permalink**)

Quote:

Originally Posted by andviv

I have a rule in my book....
You never want to be in the news.

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