"Experts See Rebound Brewing in Region’s Home Sales After Low 2009"

Shonda Novak of The Statesman reports on the recent upswing of single family home sales in central Texas (up 6% from 2009.)

This year, largely due to the introduction and recent expansion of the home buyer tax credit, many experts see signs of “improvement in sales volume and stability in home prices.” After experiencing the first sales increase in two years in September of 2009, home sales have continued to rise due to a combination of low interest rates and prices, as well as a “healthy supply of homes.”

Despite record numbers of foreclosures in the Austin area as well as the rest of the country, economists say that the city consistently “does better than elsewhere.”

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