It has been a tumultuous few weeks in the financial markets. With the failure of major financial institutions, the government rescue of Freddie and Fannie, the volatile value of oil and the dollar, and the on-again off-again financial rescue package, the dynamics of U.S. markets are rapidly changing.Like all major products and markets, the downtown Austin condo market will be directly effected by this economic turmoil. Here are some of the ways that downtown condo projects may be effected:(1) Conservative Spending Will Slow Demand: Yesterday alone, more than a trillion dollars in value was lost . . .
