Wow, just read an article about the future of some former boom towns in terms of their real estate....not pretty. It makes Central Texas real estate around Austin, Lake Travis, Marble Falls, Horseshoe Bay look even better all the time.
"Celia Chen, a housing economist with Moody’s Economy.com, predicts that a full recovery in parts of California, Nevada, Arizona and Florida won’t occur until 2030. “The housing boom elevated home prices in a number of areas far, far above what can be supported by the economic fundamentals, and so prices have fallen significantly, and they will remain below their previous peaks easily for a decade, or even two decades,” Chen said." Full Article
An article on 1/7/11 from the Austin Business Journal indicates that a recent Forbes study shows that Austin has the 3rd best job market nationwide. Austin shows up on Forbes lists often lately - The publication ranked Austin No. 1 last year for economic recovery, 8th best for business and careers, No. 2 most innovative and 10th best place for best cities for young professionals, among other rankings.
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