Austin Real Estate Scene

This housing report is from Dr. Ted Jones, Chief Economist, Stewart Title, reports on the Housing Industry for November 2008: HOUSING REPORT VIDEO

Home prices are off 9% from this time last year.

Remember: TINTNREM (There is no thing as a National Real Estate market)…All real estate is LOCAL. That’s why you need to check with your local Realtor on current prices and inventory of homes for sale in your area. Ask for a CMA for the areas you want to invest in or if you are thinking about selling. Keep in mind home sales here in Austin are down about 20%, and it’s much higher in other markets around the U.S.

Watch the video for the Full Report