The national real estate markets are a mess. The economy is in recession, credit is very tight, jumbo rates remain high. While the Austin market has stayed alive -- and actually thrived compared to the rest of the country -- it is a very tough time to be selling real estate.In this market, it is common to hear the Austin condo market referred to as “overbuilt.” This is an easy claim to make: any new unit is an excess unit in a market like this. What is important to note, however, is that it takes three to five years . . .
