My New Blog

I keep harping about now being a great time to buy that new home you have dreamed of.  And for good reason.  While it is definitely a Buyer's Market out there and there are good deals to be had.  The wind is slowly turning directions and that opportunity is going away.  I am including in this blog a press release from the Austin Board of Realtors.  It summarizes the housing activity for June 2009. In short, sales are still off about 4% compared to same time 1 year ago BUT that gap continues to narrow. If you are serious about owning a new home NOW is the time. Home Prices are going back up. Interest rates are already creeping back up.  Times are a "changin" folks.  Don't miss out! 

AUSTIN, Texas – July 20, 2009 – According to the June 2009 Multiple Listing Service report by the Austin Board of REALTORS®, the volume of single-family home sales in June 2009 was 2,135, down four percent from June 2008, and the median price was $199,900, unchanged from June 2008.
 
"We've seen the year-over-year gap in sales volume close steadily throughout 2009 and that momentum continues this month," said Jay Gohil, Chairman of the Austin Board of REALTORS®.
 
Home prices in the Austin area have also continued to gain momentum from the beginning of the year. Over the first two quarters of 2009 (January 2009 to June 2009), the average sale price for a single-family Austin home has increased $20,824, while median sales price has increased $24,400.
 
Also, from January 2009, sales volume is up 61 percent and active listings are up 14 percent. “This signifies a healthy Central Texas real estate market and good news for both local home buyers and sellers,” said Gohil.
 
The Austin Board of REALTORS® is a non-profit, voluntary organization representing more than 8,000 licensed REALTORS® in Central Texas.  For more, please contact Angela Brutsché at 512/454-7636.
 

So there you have it.  The market is changing and purchasing power is diminishing. Don't be a victim of missed opportunity!

For more information or assistance in realizing your new home dream contact me.  I welcome the opportunity to earn your trust and business.

Stephen B. McClain, Broker Owner

Cornerstone New Home Solutions

smcclain@cornerstonenewhomesolutions.com

512 876-3116