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Regent Property Group Reports National Real Estate Sales Increasing, as Austin Market Sets the Pace

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Regent Property Group Reports National Real Estate Sales Increasing, as Austin Market Sets the Pace - Regent Property - property tax - Austin Market


While Austin, Texas real estate has remained relatively strong, including the market for Austin luxury homes, the national real estate market also is beginning to show signs of improvement.



Regent Property Group, the premier realtor for Austin luxury homes, announced that U.S. existing home sales, on a seasonally adjusted basis, have increased for 11 straight months. This indicates a sharp uptick in sales between 2010 and 2012. Austin has seen strengthened sales in both the Austin luxury home market and the median size home market, which includes popular neighborhoods like Travis Country and Belterra. Excluding the increase caused by the government tax credit, this is the first time since late 2005 for the U.S. to experience a similar sustained increase in sales.

“Prices are still low in some markets, but as the economy recovers, people interested in home ownership have more money saved to put toward a house, or enough equity to upgrade to a larger house,” said Regent Property Group founder Brian Talley. “We are still below what’s considered a ‘normal’ range of sales, but considering the sharp drop that occurred between 2007 and 2010, this increase in sales is an excellent sign of things to come, and is especially evident in the Austin market.”


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