What economic triggers will make hesitating condo shoppers feel ready to sign contracts again?
“I think people have to feel like the worst is over and that Austin has escaped the worst of it,” said Warshaw. Burns expects buyers to resurge “once people realize that the only product that is going to be available in the next four years is what is currently under construction.” Said Carpenter: “We believe the number of buyers in the market will increase when there is a general acceptance that a ‘bottom’ has been found in the financial markets.
