See Austin American Statesman Article by Steve Zbranek
Austin’s stable housing market continues to rank high among other cities thanks to the area bucking national trends. Austin is different. (We know that!) The statistics and rankings show Austin & Texas are forecasted to be among the best cities to invest in residential real estate right now. Sources like Forbes, Kiplinger’s, U.S. Bureau of Labor Statistics and CNBC.com rank Austin among the top places for business, lifestyle, growth, economy and home investment.
While mortgage rates remain at historical lows as they have been for the past year, we don’t know when the news will alter the banking rates. Consider that just a 1% increase could would be like buying a home that is 10% more expensive. With home prices showing increase in appreciation it seems Austin Metro is turning a corner into and upswing again. If you have been considering a home purchase or a move to Austin don’t wait too long.
See Realtor.org’s interactive map of home sales.