It’s Hot!
Wow is it hot here in
Fredericksburg Texas! Duh, it July in Texas! More to the point, the real estate market in Fredericksburg Texas continues its steady growth at rates that seem to be sustainable for the foreseeable future.
Don’t ask me how global current events are going to affect the market because I don’t know. I will; however, refer you to previous posts where I argue (rather persuasively, I think) that real estate “is local”. Sure, national and global economic and financial trends affect interest rates, money supply, etc. and those things can affect demand and therefore sales, but local factors tend to lessen the impact of these uncontrollable events.
The latest example I can site revolves around the ever-increasing price of gasoline. While this phenomenon has dampened consumer confidence and affects how we travel, it has benefited Fredericksburg Texas in that travelers are tending to stay closer to home. Folks in Austin, San Antonio, Dallas and Houston that may previously have traveled to the east or west coasts on the traditional great American summer road trip are instead discovering (re-discovering) the charms of Fredericksburg and the Hill Country. More visitors make the local merchants happy and leads to potential new residents for the area.
Only time will tell how long the good times continue to roll, but I’m willing to bet that we are still on the “upswing”.
