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Shined my Crystal Ball for 2017 in Austin, TX ... My Forecast
There’s so many predictions flying around on Austin’s economy: rising interest rates, will the increased rates scare off buyers ? what effect will the new administration have on real estate ? how will the stock market be affected ?…the list goes on and on!
After reading many forms of news on and off line….I shined up my crystal ball. One premise keeps running through my mind sitting here in Austin, Texas…. we are job creators! Whether we want our population to increase at its current rate or not, we don’t have a choice or a way to stop it. As long as people move here to fill these positions they will need housing. We are certainly not immune to a downward in the real estate market but some common sense needs to prevail in interpreting the data.
I subscribe to the Austin Letter written by Neal Spelce, retired from TV news and award winning journalist. He is an authority on Austin and I look forward to reading what he has to say. In his recent letter he asked some interesting questions and I feel comfortable in chiming in with my own answers:
Will interest rates move downward again? Not probable!
How high will ... more

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