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New Residential Construction

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Austin Mortgage Market Update For the week of October 26, 2009

The week ended with the terrific news that Existing Home Sales shot UP 9.4% in September to a 5.57 million annual rate. This was almost twice the increase the consensus expected and a nice boost coming off the slight drop we saw in August. Best of all, the inventory is now down to a 7.8 month supply, getting us closer and closer to the 6-month level of a normal housing market.

2009-10-26T16:41:29-05:00October 26, 2009|Inside Lending Newsletter|