November 30th, 2007 5:03 PM by Heather Brown
As Real Estate markets across the country report record numbers of foreclosures, national real estate experts said there's still money to be made in Austin.
Now may be the time to look towards up and coming neighborhoods, such as South Congress. Friday on The Today Show, a national Real Estate expert said Austin was the Number One up and coming place to purchase real estate specifically the SoCo or South Congress area.
One sign of an up and coming neighborhood is the conversion of an old warehouse to lofts, and one part of SoCo is certainly seeing that housing development happen.
Real Estate expert Barbara Corcoran highlighted SoCo, because it's just across the river from downtown, and with an eclectic mix of people, it fulfills the slogan "keep Austin weird."
She said the combination of quirky and trendy shops make it a great place for nightlife. There are some great neighborhoods just off of South Congress where the area is reinventing itself and folks moving in are younger than people moving out. If you buy early, then when you sell a few years later, you should make a significant amount of money.
I've got a fantastic listing just off of South Congress in the Battle Bend neighborhood. The address is 608 Fort Drum Drive. The seller is very motivated to sell and has just reduced the price to $195,000. This house will be held open Saturday Dec. 1st from 1-4 pm. Please stop by, we'd be happy to see you! For more information on this listing, please visit my website www.HeatherBrown.com or call me at 512-751-2931
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