enewsletter 2010: Realty Austin's August 2010 Austin Real Estate Update
- 08/19/10 03:49 AM
For most children in Texas, school starts next week, signaling the official end of our summer home buying season. As with previous years, the summer months were some of the busiest of the year. However, this summer, the home buyer tax credits got buyers out early resulting in record home sales volume in May and June. When the tax credits expired, sales across the nation fell substantially, giving us our own 'Cash for Clunkers' hangover effect. Unfortunately, Austin was no exception. When compared to July of 2009, the number of homes sold in the Austin area dropped 31.5% from 2,285 … (0 comments)
For most children in Texas, school starts next week, signaling the official end of our summer home buying season. As with previous years, the summer months were some of the busiest of the year. However, this summer, the home buyer tax credits got buyers out early resulting in record home sales volume in May and June. When the tax credits expired, sales across the nation fell substantially, giving us our own 'Cash for Clunkers' hangover effect. 
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