Austin Mortgage Market Update – For the week of January 10, 2011
Last week's housing market news featured forecasts for the year. With the factors affecting home affordability at their best levels in years, many expect increased home sales in 2011, spurred on by the expected improvements in the job situation. The National Association of Realtors (NAR) reported existing homes sales up for November, returning to growth after hitting bottom in July. Existing homes are now at their strongest sales pace since the home buyer tax credit expired in April.