The Austin American-Statesman says on its front page (11/26/2008) that the real estate slowdown has even hit condos in downtown Austin. While this event has been anticipated for more than a few months, the admission – or revelation – may seem shocking to many.

From a real estate buyer’s angle, nothing could be better. If you are considering a condo downtown or near downtown there is a holiday sale going on – deep discounts are available.

Baron Rothschild (1871) is credited with the saying “the time to buy property is when there is blood in the streets”. Panic and uncertainty create opportunity.

There may be blood in Austin’s downtown streets today.

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This entry was posted on Wednesday, November 26th, 2008 at 12:52 pm and is filed under Austin Real Estate, Condos, Downtown. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.