In Austin, where the high-tech business has drawn a youth culture of working class professionals, the market still shows many signs of strength and should sustain that growth through the year. The state’s capital will see relatively healthy home sales carry it through what will be an otherwise tough year in many housing markets.
Austin will witness appreciation of 4.0%, mainly because of first time home buyers who want to get into their first home. This highly white-collar town will carry itself strongly through the credit crisis storm.
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