He feels that, because of Austin’s strong job growth, the low interest rates, and our modest appreciation, we will emerge from the global downturn in a good position for continued growth.
Dotzour said that, in general, when the inventory of homes on the market is at a 6.5 month level, the market is balanced. We are currently at a 6 month level, meaning our market is active and heading upward. We have gone through all the current hits that have sent markets declining across the country, and we are still strong. If the surprise ending, the credit default swaps, don’t swamp us, we’ll make it just fine and be in good shape for the typical spring buying season. This is what I am seeing in my practice as well. After the election, folks, after the election….