http://www.lennar.com/New-Homes/Texas/Austin?utm_source=youtube&utm;_medium=social_media&utm;_campaign=auslen_aus_12touchfollowup38025 Hi and welcome to your Greater Austin Market Update. Did you know Austin's economy added 22,500 jobs in 2013, and is continuing to grow. In fact, the current 2.8% annual growth rate pushed unemployment below 5% for the first time since the recession. As expected; the healthy economy continues to fuel the strong demand for housing. And rising mortgage interest rates in the fourth quarter did little to dampen home sales. New home inventory remains extremely tight in many areas. Resulting in homes selling faster, often within just days. Occupancy levels for rentals hit over 95% and rental rates continued to climb; 7% over the last year. And we expect rents to continue to rise over the next year. Metrostudy has reported that existing homes sales rose 17% and new home closings jumped an incredible 26% compared to 2012. Overall, with new home inventory low and with sales increasing, prices should continue to rise in 2014. However, if mortgage interest rates continue to increase, as they did in the fourth quarter, this will weaken homebuyers purchasing power and could possibly price them out of the market. So...if you've been thinking about buying a new home or have been waiting for the right time to buy, I've got great news; now is the time. Now that we've taken a closer look at the Greater Austin market, we invite you to come out to our neighborhood and take a closer look at our Everything's Included homes. You can also get more information at home, on your tablet, or your smartphone at lennar dot com. That's it for this edition of the Greater Austin Market Update. Now get out there and find your dream home. It's waiting for you. http://www.lennar.com/New-Homes/Texas/Austin?utm_source=youtube&utm;_medium=social_media&utm;_campaign=auslen_aus_12touchfollowup38025

• published: 23 Apr 2014
• views: 4