Could the experts be wrong?

Posted on Wednesday, May 30th, 2007 at 8:54am.

Over the past year or so we’ve seen a steady stream of news stories predicting a downturn in the economy in general and the real estate market in particular. Citing everything from rising fuel prices to the cost of wars overseas, economists have been foretelling gloom and doom with a consistency that could make the sunniest optimist retreat to their basement with a flashlight and some canned goods. Interestingly, the family down the street might not completely agree. In a recent L.A. Times survey of nearly 1,400 homeowners, researchers found that just about 1/3 of respondents expected their home values to increase and more than half were confident they’d at least hold steady.

Are they just optimists or are John & Jane Q. Public on to something? We can only speak about our own confidence in the strength of the Austin real estate market. Driving around the best Austin neighborhoods, from Round Rock to Kyle, we see ongoing commercial and residential development, we continually meet people arriving in Austin via corporate relocations and know even more locals who are well-employed and moving up-market.

If you would like to form your own impressions about Austin real estate, we’d love to show you around and buy you a cup of coffee in one of the countless places where new homes, offices and shopping are being built. Some might say “if it’s in the paper it must be true,” but we think you should see things with your own two eyes and come to your own conclusions. Give Great Austin Properties a call at 512-300-0928 and let us show you just how well things are going in Austin real estate.

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