Austin is outperforming other Texas cities when it comes to development rates for builders, and home prices have skyrocketed. A recent study by Florida Atlantic University ranked Austin as the second most overrated real estate market in the country. Because Austin is a young city in many ways, millennials will be Austin's biggest buying force for years to come. Austin recently ranked eighth among the best real estate markets, surpassing all other major cities in Texas.
This helps explain why Austin's real estate market is growing at the fastest pace of any major city in Texas. Inventory at Austin MSA is still scarce, but with inventory constantly increasing, right now is a good time to buy a home in Central Texas. Knowing that you won't spend months trying to evict an unpaying tenant is a good reason to consider the Austin housing market or another Texas housing market instead of more liberal cities. AUSTIN (KXAN) With mortgage rates rising and house prices continue to rise, a new study reveals that Austin has the second most overvalued real estate market.
Not only is it limited to Austin or Texas, but you can also invest in some of the best real estate markets in the United States. With Austin becoming a more diverse city every year, there are many opportunities to take advantage of, from buying new homes to different investment options in the Austin real estate market. Cities, Austin ranked eighth, surpassing all other major cities in Texas, as well as San Jose, Atlanta and Portland. Several reasons have affected the current situation of the Austin real estate market, one of which is the high migration of companies and individuals moving to the city from Texas and out of the state, which has led to a strong and varied economy that attracts people looking for opportunities.