Currently in the U.S. housing market things are a little difficult, there are 1,000 s of homes in the sales area of each city and all Austin. This means such a huge supply is a buyers market and distressed sales and foreclosures push average house prices fall further. If this is not enough lenders have tightened credit requirements for buyers, something they should have done at the top of the market, not down here.
Austin to say, there are plenty of homes for sale and few buyers. Many home sellers who are upside down at the end of the equity by selling, selling their home for less than is owed and promising to pay the bank a note later. Banks prefer to do so they do not have to be excluded and lose even more, because they may not be able to collect the balance of the former owner.
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ReplyDeleteAustin Homes for Sale
Really nice blog. Thanks for share with us!
ReplyDeleteAustin Texas Real Estate