doom and gloom

Austin Housing Prices Increase 5.6%

AustinTowers Downtown Condo Blog  Thu, 08/16/2007 - 6:34pm

In the midst of a rough week in the mortgage industry, it is worth taking a break from the doom and gloom to report that the Austin housing market has been relatively strong over the last year even as prices have decreased in other markets.

Whatever does happen in the national economy, the strength of the Austin housing market means that we will fare better than most areas of the country where the housing market is much more tenuous.

According to the Austin Business Journal: