Austin’s 2013 Housing Status

Posted on Wednesday, January 9th, 2013 at 11:23am.

Every year, the Austin Housing Market & Economic Forecast draws a crowd looking for the scoop on Austin’s economic future- and this year was no exception. The Austin Home Builder’s Association hosted this special event in the Renaissance Hotel. Among the group of 700+ were Shan and Bethany Jenkins of Jenkins Custom Homes. The Jenkins then passed on their great insight to us, with the following predictions for Austin’s housing sector in 2013. The event began with the first speaker, Dr. Jay Hartzell, Department Chair, Professor of Finance at the University of Texas. Dr. Hartzell began his talk with a sobering reflection of political and economic factors we should be concerned with. He then transitioned to the many reasons why Austinites should be optimistic about 2013. For example, he explained that our strong economy, solid consumer confidence, attractive interest rate environment and a host of other factors are all indicators of a bright future. Perhaps most important of all the factors is Austin’s position of being #1 in the nation for job productivity. In addition to Hartzell, Tim Fisher, President of the Texas Mortgage Bankers Association, gave an engaging talk about our financial climate and Eldon Rude of Metrostudy wrapped up the evening with encouraging news. Rude highlighted the fact that since 2011, housing starts have been on an upward trend in Austin. This trend, along with the rise in job growth, is expected to continue, thus making 2013 a very good year for Austin’s housing sector. To read more about the status of Austin housing in 2013, be sure to read the full article here: Jenkins Custom Homes Blog. And as always, continue to check Reilly Realtors’ blog for regular updates on Austin real estate.

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