DemandGen™ Partners Sponsors HBA Greater
Austin 2010 Mid-Year Housing Forecast Event
July 19, 2010 04:52 PM Eastern Daylight Time
AUSTIN, Texas--(EON: Enhanced Online News)--DemandGen™ Partners sponsored the HBA Greater Austin
2010 Mid-Year Housing Forecast Event held July 15.Ted C. Jones, PhD, Senior Vice President and Chief
Economist, Stewart Title Guaranty Company gave an update on the regional housing market and forecast for
remainder of 2010.During the presentation, Jones discussed current market conditions, housing starts, lot availability,
regional growth hot spots, job growth and economic outlook.
“According to Jones, the growth of the regional housing market is directly tied to the area’s ability to create and
maintain jobs and positive consumer confidence. While the US lost 1.37 million jobs since June 2000, Austin grew
94,700 net new jobs between May 2000 and May 2010. The region has gained 9,900 jobs year-to-date through
May 2010 with 1,000 of those jobs gained in May 2010 alone.”
The population of the Austin Metropolitan Statistical Area (MSA) is forecast to grow by roughly 273,000 people
every five years; doubling our current population of approximately 1.7 million by 2035.
One of the most important points made by Jones during the presentation - now is the critical time to buy in
Austin.With record low interest rates, mortgage payments will only remain this low for the short term.The greater
Austin area only has six months of inventory, which means home prices will begin to rise, consequently making the
mortgage payment for the same house you could buy today potentially costing 10-15% more as interest rates and
prices go up.
“The market is turning around and this is the time to get the sales and marketing tools in place to capitalize on every
opportunity,” said Robert Cowes, President and Co-Founder, DemandGen Partners. “DemandGen provides the
competitive advantage builders and developers need to generate leads at a lower cost and a SmartTouchCRM
solution that enables