Real estate markets across the country have been hit by the Global recession. However, the Austin real estate market continues to grow in all its glory while the global real estate market has tanked.
Online PR News – 21-May-2009 – – Austin, Texas ( OnlinePRNews ) May 21, 2009 – “Austin TX is a desirable place to move, the real estate market of Austin will never go down like the other real estate markets. Office space and housing expenses are very cheap in Austin TX when compared to the other parts of the Country. This isn’t really good news for the sellers though. Sellers can expect to make concessions in the next 18 months. For real estate investors, this is the right time to invest in the Austin real estate market. The investors have realized this and lots of people have started to invest in properties around Austin. The property sellers are also able to get marginal profits out of these deals” says Mr. Joe Cline of REMAX Capital City, Affinity Properties (http://www.affinityproperties.com) Group.
Speaking about the current trends of the Austin real estate market, Mr. Joe Cline said, “Consumers were holding their hard earned money without investing in the Austin real estate due to lack of confidence back in the year 2008. Things have changed a lot these days. This year (2009) is considered to be the period of recovery of the Austin real estate market and so many people across the Globe are now very much interested in investing in our market. The current attraction is investing in office spaces and office condominiums available in Austin. People can live in Austin TX without the need of a 6 digit salary and hence lots of people prefer working in Austin. With the great availability of office spaces in Austin at a very affordable pricing, the employers are taking this as a great opportunity to relocate their offices where the employees feel happy to work.”
Speaking on the move, Mr. Joe Cline said, “By seeing the current situation of the Austin real estate market, it is evident that Austin will continue to be one of the best real estate markets in the Country. Austin real estate market will reach its peak if the job market regains its shape soon.”
“Investors have to realize the fact that now is the right time to take advantage of the low pricing of the homes and office spaces in Austin. The Global market is expected to regain its shape very soon and once the market regains strength, the properties in Austin may be out of reach, having appreciated significantly.”
About Affinity Properties
Affinity Properties is one of the most productive and experienced REALTORS in Austin. Affinity Properties has been in business in Austin for over 6 years and specializes in west Austin from Lake Austin to Lake Travis. Affinity Properties is a RE/MAX agent in the Austin, Texas market. For more information, visit www.affinityproperties.com and www.joecline.com .
About RE/MAX International, Inc.
RE/MAX was co-founded by Dave and Gail Liniger in 1973. From a single office in Denver, Colorado, RE/MAX has grown to be a global network of nearly 100,000 Sales Associates in more than 70 countries. No one in the world sells more real estate than RE/MAX. Today, all U.S. home listings in thousands of cities and towns can be found at www.remax.com.
RE/MAX is proud of its Premier Community Citizenship, which has raised tens of millions of dollars for deserving organizations like Susan G. Komen for the Cure, Children’s Miracle Network and The Sentinels of Freedom Foundation.
REMAX Capital City
Affinity Properties Group