Here is another favorable news article regarding the Austin real estate market and expected homes sales activity in 2007.
AMERICAN-STATESMAN STAFF
Thursday, December 28, 2006
Austin home market expected to remain strong next year
Home prices up significantly in 2006 and expected to be higher in 2007.Central Texas home builders have been offering plenty of year-end discounts and bonuses to boost sales, but that doesn’t mean that the Austin area housing market is cooling or that prices are falling.
Strong job growth, a steady influx of new residents and relatively affordable prices have kept the Austin housing market strong, even as markets on the East and West coasts faltered.
That isn’t likely to change in the coming year.
Angelou Economics predicts the Austin area will add about 20,000 jobs and 40,000 residents next year, about as many as were added in 2006. According to Texas Workforce Commission, Central Texas’ total work force reached a record 728,100 in 2006.