I hope your summer is off to a good start. I wanted to share some good news with you about the Austin economy. Forbes recently named Austin as the top metro area in the nation for economic growth. The magazine has projected a 32% increase from 2007 to 2012 in the gross domestic product and a 15% growth in population.
The Texas Workforce Commission also recently announced that Texas created 24,000 new jobs in May. Austin created 4,000 jobs in May for a .5% positive job growth.
Homes that are staged well and priced well continue to sell past the end of the tax credit. The lowest interest rates in decades are providing huge incentives for buyers. You may not get the profit you planned for your house, but you have an opportunity to make it up on the other end when you purchase your new home.
If you decide not to move, please work with a knowledgeable lender to refinance. We can provide a referral to a lender at your request. Everyone has a different idea about when interest rates will increase. No one disagrees that at some point interest rates will rise.
Don’t miss this lifetime opportunity to plan for you and your family.
KEVIN ELLIOTT Realtor