Shin Oak Realty is a full service Real Estate office specializing in the Central Texas Real Estate market.
Our Team: Randy O'Dell, Suzy Bates, Candice O'Dell, Bradley "BJ" O'Dell & Barbara Childers

Friday, October 2, 2009

CENTRAL TEXAS MARKET BOTTOMING OUT?

AUSTIN (Austin American-Statesman) – Central Texas' new-home market might be bottoming out, according to Residential Strategies Inc. and its third-quarter starts and closings figures, released Thursday.

Third quarter home starts were down 5.4 percent from the same quarter last year to 2,239 but up 17 percent from second quarter 2009.

"This is a positive sign and perhaps a signal that the successive quarterly decline in activity may be coming to an end," said Ted Wilson, a partner with Residential Stategies.