I just ran the residential sales statistics under Lake Travis ISD for December 2007 and found that sales were 5% higher than December 2006! That is not just good news but GREAT news! Looking at the stats for the entire Austin MLS area, sales are down 24% from last December. But if you look at the sales for the entire 2007 in Austin and compare to the 2006 sales, sales are down only 8%.
This week, our mortgage speaker, Land Mortgage, announced that the 30 year fixed rates are 5.875% (with 20% down payment) and the 15 year fixed rate is at 4.875% I remember these rates 2 years ago, that is just awesome. I surely hope that this is a good sign for our economy and for real estate related businesses. Stay tuned and I will keep you updated.
