Austin’s immense population growth during the past decade has heavily impacted its real estate market. In the last twelve months, the median price for residential homes in Austin has increased by a whopping 14%, an all-time high. The total sales dollar volume in the Austin real estate market experienced a double-digit increase of 11.2% year-over-year to $503,132,316 in March 2020. Homebuyers are still looking to buy homes in the “Austin Housing Market.” There are fewer homes on the market and strong demand, both indicating that the Austin home prices would rise in 2020.
Let’s discuss a bit about Austin before discussing why you’d want to invest in its real estate market in 2020. Austin is a minimally walkable city in Travis County with a population of approximately 790,195 people. It is the capital of Texas and it is growing at a fast clip. It is the fourth largest city in the state of Texas. The Austin real estate market isn’t the largest in the state of Texas, but there are several reasons to consider buying real estate in this city. The Austin housing market has gained a lot of steam, with home values almost doubling since 2010.
It isn’t as big as Dallas, San Antonio or Houston. However, the Austin housing market is sizable – it is the eleventh largest city in the U.S. as of this writing, and it is the center of a large metro area. Austin has come up as another tech hub in the last 5 to 6 years. There are tons of high paying tech jobs moved to Austin in the last couple of years. The Austin-Round Rock metro area is home to about two million people. Recently Austin was ranked eighth for the best real estate markets, topping all other big Texas cities.
Austin has a record of being one of the best long term real estate investments in the U.S. over the past 10 years. Last December, the median home price increased 8% year-over-year to $405,093. The Austin real estate appreciation rate in the last quarter was around 1.7%, which amounts to an annual rate of 6.8%. However, it is quite unclear whether it would remain steady or not due to the short term effects of the ongoing pandemic. Economic uncertainty may hold back sales volume in 2020.
In this article, we shall discuss some more important reasons why you may want to consider buying Austin investment properties in 2020. Please note that many variables can potentially impact the value of a home in Austin (or any other market) and some of these variables are impossible to predict in advance.
Austin Housing Market Trends & Statistics 2020
We shall now discuss some of the most recent housing trends in the Austin area and compare it with the past couple of years. We shall mainly discuss median home prices, inventory, economy, growth, and neighborhoods, which will help you understand the way the local real estate market moves in this region. Austin has been one of the hottest real estate markets in the country for many years.
Austin is currently a hot seller’s real estate market – which means that the demand from buyers is exceeding the current supply of homes for sale. The pricing of homes is trending higher and is more attractive for sellers in the current phase. The shortage of supply and an increase in the demand for housing will push the prices higher.
The latest Austin Housing Market Report from the “Austin Board of Realtors” shows that inventory remained very tight in March 2020 and more sellers lowered the asking price of their homes. In March 2020, Austin was a seller’s real estate market.
The median price for residential homes in the city of Austin rose 14% year over year to $415,000, an all-time high for any month on record.
New listings decreased 7.5% to 1,299 listings.
Active listings dropped 27.8% to 1,237 listings.
Pending sales dipped 18.3% to 922 pending sales.
Monthly housing inventory decreased 0.5 months year over year to 1.2 months of inventory.
The residential sales in the five-county Austin–Round Rock Metropolitan Statistical Area (MSA) increased 2.2% year-over-year to 3,042 sales in March 2020. The median sales price for February 2020 was $327,140, an increase of 12.8% from February 2019. February residential home sales dollar volume increased 21% to $1,027,245,686.
On Movoto.com, Austin’s current home resale inventory number is 1739, which has decreased by 23% from a year ago. The median list price per square foot in Austin is $320. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in May 2020.
This Month
1 Month Ago
1 Year Ago
Active Inventory
1,739
1,775-2%
2,269-23%
Median List Price
$570,000
$549,999+3%
$504,900+12%
% Distressed
0%
0%
0%
Median Days on Movoto
54
48+12%
41+31%
Median Home Size
1,956
1,890+3%
2,002-2%
Median $/Sqft
320
318
273+17%
Market Snapshot Courtesy of Movoto.com
According to the Austin Board of REALTORS®, for most of March, it was still business as usual. The ongoing pandemic has not impacted the real activity in the region by any significant measure. However, there were some declines in listing activity and pending residential sales in March. The closing process is taking longer than usual due to COVID-19 safety precautions and delayed loan approvals from lenders.
The pandemic, however, has not had much impact on prices yet. Historically low-interest rates, tight inventory, and strong demand are continuing to favor sellers in the Austin housing market.
Austin Real Estate Market Forecast 2020 – 2021
What are the Austin real estate market predictions for 2020? Austin housing market 2020 is shaping up to continue the trend of the last few years as one of the hottest markets in the nation. Let us look at the price trends recorded by Zillow (a real estate database company) over the past few years. Since 2015, the median home price in Austin has appreciated by roughly 33.6% from 301,000 to $401,999.
Last year saw was the eighth consecutive year of home price gains. The median home value in Austin (on Zillow) is $401,999, up by 5.4% from a year ago. According to them, the latest Austin real estate market forecast depicts a cooling trend in the market. The home prices are predicted to remain flat or may drop by a fraction of 0.7% in the next twelve months. This is perhaps due to the short term impact of the coronavirus pandemic on real estate sales in the Austin area.
Here is the Austin, TX real estate price appreciation graph by Zillow. It shows us the current home price appreciation forecast of -0.8% until March 2021.
Snapshot Courtesy of Zillow.com
Here is another short and crisp Austin housing market forecast for the 3 years ending with the 3rd Quarter of 2021. The accuracy of this forecast for Austin is 74% and it is predicting a positive trend. LittleBigHomes.com estimates that the probability of rising home prices in Austin is 74% during this period. If this price forecast is correct, the Austin home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd Quarter of 2018.
Check this page each quarter for updates to the Austin Housing Market Forecast.
Austin Real Estate – Austin, TX Homes For Sale
Austin housing market has a mixture of owner-occupied and renter-occupied units. As per Neigborhoodscout.com, a real estate data provider, one and two-bedroom single-family detached homes are the most common housing units in Austin. Other types of housing that are prevalent in Austin include duplexes, rowhouses, and homes converted to apartments.
According to the Austin Board of REALTORS, in the Austin-Round Rock MSA, the median price for single-family homes increased by 2.6% to $318,000 in 2019. In December 2019, sales volume in the Greater Austin area increased by 9.2% to 2,608 sales, while inventory decreased by 0.5 months to 1.7 months of inventory. Growing demand pushed the median price of Austin single-family home to $323,000, a 7.1% increase from December 2018.
At the national level, the single-family rental homes have grown up to 30% within the last three years. Almost all the housing demand in the US in recent years has been filled by single-family rental units. With 2020 being, theoretically, in the middle of a boom, there are still 4 years for residential construction to surge. Most likely, a housing shortage will remain in 2020, keeping home prices high.
Currently, there are 1672 homes for sale in Austin, TX on Zillow. Additionally, there are 830 homes for rent. Under potential listings, there are about 2 Foreclosed and 10 Pre-Foreclosure homes. These are the delinquent properties that may be coming to the market soon but are not yet found on a multiple listing service (MLS).
The median list price per square foot in Austin is $232, which is higher than the Austin-Round Rock Metro average of $159.
The median price of homes for sale is $405,000.
The median rent price in Austin is $1,750, which is higher than the Austin-Round Rock Metro median of $1,700.
There are currently 4656 homes for sale and 8935 homes for rent in Austin, Texas on Realtor.com, a real estate listings website. The newly listed homes are 496. According to their statistics, in April 2020, the Austin housing market was a balanced market, which means there was a healthy balance of buyers and sellers in the market.
Ideally, a buyer would prefer a sale to asking price ratio that’s closer to 90%. The sellers in Austin have managed to hold good leverage in these negotiations in the past month. On average, they could sell homes for 100% of the asking price. A seller would always prefer scenarios that can yield a ratio of 100% or higher.
The median list price of homes in Austin, TX was $457.9K in April 2020, trending up 7.2% year-over-year. The median listing price per square foot was $240.
Austin Real Estate – Cost of living In Austin, Texas
The Austin-Round Rock metro area is home to about two million people. The city is known as a haven for live music, free-thinking, and free spirits. It has a distinct culture and flavor compared to the rest of Texas, which is a mostly conservative and traditional state.
According to WalletHub, among large U.S. cities, Austin ranked eighth, topping all other big Texas cities as well as San Jose, California; Atlanta; and Portland, Oregon. Among all 300 cities, Austin still ranked a respectable No. 36 for best real estate markets
Aside from high housing prices, the cost of living in Austin is relatively affordable. Overall, the cost of living for Austin is very reasonable. At three percent below the national average cost of living, moving to Austin may be an economical choice for you.
One of the most interesting factors in the cost of living for Austin is that the cost of housing is 15 percent below the national average. According to Sperling’s Best Places, grocery costs in Austin are slightly below the national average, with a rating of 89.1 against the U.S. average of 100, meaning it is about 11 percent lower than the national average on groceries.
The sales tax rate in Austin is 8.25 percent. There are no income taxes in Texas. Schools are largely funded through property taxes, which rise along with home prices. As home prices continue to skyrocket and people are increasingly forced to move to the distant suburbs to find affordable housing, a massive reworking of Austin’s building codes, known as CodeNext, promised to deliver some relief.
The median salary in Austin, TX is $51,596 and it is the 108th most expensive city in a database of 232 cities by NerdWallet.com. For a 2-bedroom apartment, the median rent per is $1,184. The median price for a 3/2 bedroom house is $276,634. Food and entertainment costs in Austin are reasonable. Redwood Austin is the area with the lowest cost of living.
Areas With The Lowest Cost of Living in Austin – (List by Niche.com & prices by Livability.com)
Redwood, Texas – Located in Guadalupe County. The median income in Redwood, TX is $47,778 and the median home value is $54,700.
Lockhart, Texas – Located in Caldwell County. The median income in Lockhart, TX is $48,884 and the median home value is $115,400.
Martindale, Texas – Located in Caldwell County. The median income in Martindale, TX is $43,929 and the median home value is $151,200.
Uhland, Texas – Located in Hays County. The median income in Uhland, TX is $40,662 and the median home value is $78,100.
Taylor, Texas – Located in Williamson County. The median income in Taylor, TX is $42,793 and the median home value is $116,600.
Lago Vista, Texas – Located in Travis County. The median income in Lago Vista, TX is $75,126 and the median home value is $189,400.
Elgin, Texas – Located in Bastrop County. The median income in Elgin, TX is $50,369 and the median home value is $104,000.
Hornsby Bend, Texas – Located in Travis County. The median income in Hornsby Bend, TX is $49,077 and the median home value is $123,000.
Round Rock, Texas – Located in Williamson County. The median income in Round Rock, TX is $72,412 and the median home value is $179,900.
Wimberley, Texas – Located in Hays County. The median income in Wimberley, TX is $59,167 and the median home value is $214,600.
Austin Real Estate Foreclosure Statistics
Here are some foreclosure statistics of the Austin real estate market. As per the Austin foreclosure data by Zillow, the percent of delinquent mortgages in Austin is 0.4%, which is lower than the national value of 1.1%. There are currently 141 properties in Austin, TX that are in some stage of foreclosure (default, auction, or bank-owned) while the number of homes listed for sale on “RealtyTrac” is 633. In April 2020, the number of properties that received a foreclosure filing in Austin, TX was 50% lower than the previous month and 72% lower than the same time last year.
Potential Foreclosures in Austin
141 (RealtyTrac)
Homes for Sale in Austin
633
Recently Sold
9065
Median List Price
$450,000 (2% rise vs Feb 2019)
In Austin, the zip code with the highest foreclosure rate is 78733, where 1 in every 3033 housing units is foreclosed. 78735 zip code has the lowest foreclosure rate, where 1 in every 8176 housing units becomes delinquent.
Is Austin Housing Market In A Bubble?
Austin is one of only eight U.S. metro areas to have fully recovered in the last 10 years to pre-recession values. Would Austin remain as one of the top real estate markets in the country or would the bubble burst? Well, Austin isn’t considered to be in a real estate bubble because the demand is consistently high and inventory is very tight. This is good news for investors because you can expect steady activity and the flow of people looking for housing.
In 2019, Austin continued to rank high on “Best of U.S.” lists. There was a record number of home sales in 2019. The December and Year-End 2019 Central Texas Housing Market Report reflects a record-breaking 33,084 home sales and $13B in sales volume. According to the Austin Board of REALTORS® (ABoR), between 2010 and 2019 the home sales have increased by 84%. The median home price in Austin has increased from $193,520 in 2010 to $318,000 in 2019, and the market is not showing signs of slowing down in 2020.
The price of Austin properties declined following the 2007 peak while prices remained relatively flat following the 1995 and 2000 peaks. According to a report published in Williamskw.com, Austin will remain a seller’s market. The National Association of Realtors (NAR) suggests a “balanced” market is between 4-6 months of inventory. The entire Austin market is around 2.5 months. Austin inventory levels and the number of days a home is listed for sale are increasing, yet not nearly enough for Austin to be a “buyers” market. That is not expected to change.
As Austin is a young city by many standards, Millennials will be the largest buying force in Austin in the upcoming years. This is going to be more attractive for the areas being close to neighborhood amenities and close by shopping & hang out spots. Real estate industry experts think that there is no bubble. Austin’s economy is strong and varied. Overall there is a huge scarcity of homes for sale in Austin. It just hasn’t kept up with the pace of people moving here.
Austin Real Estate Market: Is It A Good Place For Investment?
Now that you know where Austin is, you probably want to know why we’re recommending it to real estate investors. Investing in real estate is touted as a great way to become wealthy. Should you consider Austin real estate investment? Many real estate investors have asked themselves if buying an investment property in Austin is a good investment? You need to drill deeper into local trends if you want to know what the market holds for the real estate investors and buyers in 2020.
Although this article alone is not a comprehensive source to make a final investment decision for Austin, we have collected ten evidence-based positive things for investors who are keen to buy an investment property in Austin.
Let’s look at the state of the Austin real estate market and the factors driving the market in the short and long term.
1. Austin’s Massive Student Population
Many people want to invest in the Austin real estate market because there is a massive student population that will rent properties for a premium if they’re in easy commuting distance of the University of Texas Austin campus. That school alone has more than 40,000 students. The Austin community college hosts about as many students as UT Austin. Huston Tillotson University, Saint Edward’s University, and National American University are also located in this city.
2. Austin Is The Silicon Prairie
Austin Texas has been nicknamed Silicon Hills and Silicon Prairie because they’ve attracted so many high tech employers. This has resulted in an active upscale Austin real estate market. Austin’s GDP, which grew 117% over the last 20 years, helped the real estate market recover from the recession. The closest metro to see this type of growth was Silicon Valley, which grew its GDP by 99% during the same period. Major local employers in Austin include IBM, Amazon, Apple, Cisco Systems, and many semiconductor manufacturers. There are more than 3300 tech companies in the region and more than 100,000 tech workers all competing for homes in the Austin real estate market.
3. Austin, the Hidden Health Hub
One of the long-term strengths of Austin is its diverse economy. The Austin real estate market dipped after the layoffs of the Dot-Com boom. They decided to solve the problem by encouraging medical and biotech employers to relocate to the area, too. As of this writing, there are 85 biotech and pharmaceutical companies in Austin.
4. Austin, the State Capital
Texas is unique for having a biannual legislature. They don’t have the state legislature in town year-round. Instead, they are only in session several months every two years. This leads to an influx of legislators, reporters, and lobbyists every other year. This creates a unique but predictable boom and bust for the Austin housing market in the vicinity of the capitol building.
5. Quality of Life in Austin
One of the factors driving the Austin real estate market is the intangible but well-documented quality of life the city provides. In 2017, US News and World Report ranked the city first for quality of life. In 2016, Austin was ranked first on a Forbes list of Cities of the Future list. In 2017, that same magazine ranked the South River City neighborhood as one of the best for Millennials. WalletHub ranked the city sixth in their list of best places to live in 2017. In 2012, the FBI ranked Austin as one of the safest cities in the country.
6. Austin is Relatively Friendly City for Landlords
T.exas, in general, is very landlord-friendly, though cities can have their own, stricter ordinances. Texas doesn’t specifically let tenants withhold rent for failure to provide essential services. You can evict someone for nonpayment of rent after three days. Texas doesn’t set a limit on security deposits. Texas doesn’t require a minimum time frame before you increase the rent.
For major lease violations, you can terminate the lease then and there and give them three days to vacate. Knowing you won’t spend months trying to evict a non-paying tenant is a good reason to consider the Austin real estate market or another Texas housing market over more liberal cities.
7. The Excellent Tax Environment
Texas’ property taxes may be high, but this is offset by the lack of a state income tax. There is, overall, a low state and local tax burden for investors. That makes this a great place to buy a home and rent it out.
8. Austin’s Affordable Real Estate
Homes in Austin are 23% cheaper than the national average. It may be the second most expensive housing market in the state with a median home price of around $350,000, but it is still far cheaper than California or New York. Buy up condos or townhomes, and you’ll be able to see a sizable return on the investment.
For example, studio apartments rent for around $780 in Austin versus the $700 national average, while an Austin 1 bedroom apartment rents for almost a $1000 though the national average is $825 a month. A three-bedroom apartment in Austin rents for $1500-$1600 while the national average is closer to $1400 a month.
9. Positive Demographic Momentum of Austin
About half of Austin’s population is between 18 and 44, though that figure is skewed by the large student population. However, the reality is that many college graduates choose to stay here because of the abundant, well-paying jobs. After all, Austin has the highest per capita of high paying jobs of any Texas city. This helps explain why the Austin housing market is growing at the fastest rate of any major city in Texas. Many of these young adults are starting their families here, creating certain future demand for housing in the Austin real estate market.
10. Certain Future Appreciation for Austin Real Estate
An author in Forbes wrote in 2016 that Austin real estate is appreciating at one of the highest rates in the state because of NIMBY-ism, a reluctance to develop riverfront or Texas hill country to build new homes. This has pushed development out along the highway and forced dense development in areas already zoned for housing.
This pushes up the price for existing homes, driving many in the Austin housing market to rent when they want to buy, while it guarantees capital gains for those who buy and hold property. During the latest twelve months, Austin’s real estate appreciation rate, at 7.01%, has been at or slightly above the national average. In the latest quarter, Austin’s real estate appreciation rate has been 2.05%, which annualizes to a rate of 8.45%.
Austin Real Estate Market: Austin Investment Properties
Are you looking for an investment property in the Austin real estate market? Maybe you have done a bit of real estate investing in Austin but want to take things further and make it into more than a hobby on the side. It’s only wise to think about how you can and should be investing your money. In any property investment, cash flow is gold. With Austin becoming a more diverse city every year, there are plenty of opportunities to take advantage of – from buying new homes to different investment options in the Austin real estate market.
Austin is a leader across the country with jobs and when you combine that with home prices not as drastically increasing, you’ll get a real estate market that many others envy. Good cash flow from Austin investment properties means the investment is, needless to say, profitable. A bad cash flow, on the other hand, means you won’t have money on hand to repay your debt.
Therefore, finding the best investment property in Austin in a growing neighborhood would be key to your success. If you invest wisely in Austin’s real estate, you could secure your future. If you are a beginner in the business of cash flow real estate investing, it very important to read good books on real estate. The less expensive the Austin investment property is, the lower your ongoing expenses will be.
As with any real estate purchase, act wisely. Evaluate the specifics of the Austin housing market at the time you intend to purchase. When looking for the best real estate investments in Austin, you should focus on neighborhoods with relatively high population density and employment growth. Both of them translate into high demand for housing.
Some of the popular neighborhoods in and around Austin are Northwest Hills, Downtown Austin, West Lake Hills, Brushy Creek, Barton Creek, Spicewood Summit, Mueller, South Austin, Hyde Park, Windsor Park, Crestview, North Austin, Allandale, Shady Hollow, Rollingwood and Steiner Ranch.
The asking price of single-family homes for sale in Austin (on Realtor.com) starts from $154,900 for a 4-bedroom house and can go up to $12.9M for a luxury 6-bedroom house located in Northwest Austin neighborhood. It is a popular neighborhood for homebuyers who can afford to buy a home in the median price range of $490K.
There are currently 1223 new construction houses available for sale in the Austin housing market. You can get a 2-bedroom new construction single-family house for around $192,90 in the Southeast neighborhood with zip code 78744. The most affordable new construction homes are located in this neighborhood. Zillow predicts Southeast home values will increase 3.5% next year, compared to a 4.6% increase for Austin as a whole.
Home prices in Austin are well above the national average for all cities and towns in the United States. Here is a snapshot that shows the median home values in some of the popular neighborhoods of Austin.
Courtesy: Zillow
If housing supply meets housing demand, real estate investors should not miss the opportunity since entry prices of homes remain affordable. You can also collaborate and learn from savvy real estate investors who have retired early on in their lives by investing in some of the hottest real estate markets like Austin, Texas. You should also join real estate investment clubs in Austin and try to make connections with fellow investors.
NORADA REAL ESTATE INVESTMENTS has extensive experience investing in turnkey real estate and cash-flow properties. We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in many other growth markets in the United States. We can help you succeed by minimizing risk and maximizing the profitability of your investment property in Austin.
Consult with one of the investment counselors who can help build you a custom portfolio of Austin turnkey investment properties in some of the best neighborhoods. All you have to do is fill up this form and schedule a consultation at your convenience. We’re standing by to help you take the guesswork out of real estate investing. By researching and structuring complete Austin turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability.
Buying or selling real estate, for a majority of investors, is one of the most important decisions they will make. Choosing a real estate professional/counselor continues to be a vital part of this process. They are well-informed about critical factors that affect your specific market areas, such as changes in market conditions, market forecasts, consumer attitudes, best locations, timing, and interest rates.
Austin & Texas Real Estate Investment Opportunities
Apart from the Austin real estate market, you can also invest in the housing market of Houston, TX. If you are a home buyer or real estate investor, Houston has a track record of being one of the best long term real estate investments in the nation through the last ten years. The Houston Real Estate Market forecast is good, and current housing prices are relatively low, so if you want to get on board the Houston real estate investing then now would be a great time to do so. The Houston metro area offers great opportunities for investors who are looking for a stable market that offers both cash flow and equity growth at a price that is STILL well below their replacement value.
The El Paso real estate market is another hot market to invest in. El Paso real estate market was ranked at 4th in Trulia’s hottest real estate markets to watch in 2018. El Paso’s strong job growth, affordability, low vacancy rates, and a high population of the young household were pivotal in the ranking process. The cost of living in El Paso is lower than the national average, while the cost of housing is well below that of other major metropolitan areas, including Houston and Austin.
The Central, Cielo Vista and Mesa Hills areas offer more affordable rental properties for sale, while neighborhoods in the northwestern and eastern parts of the metro area have some of the more expensive housing inventory. The amount residents spend on everyday expenses, such as food and transportation, is slightly less than what the average American pays.
The next one is the San Antonio real estate market. The median home value in San Antonio is $184,322. San Antonio home values have gone up 4.8% over the past year and Zillow predicts they will rise 1.9% by Dec 2020. For those who want to invest in rental real estate, the San Antonio real estate market is an ideal location because of the outsized military presence. Fort Sam Houston is located inside the city limits. Lackland Air Force Base, Randolph Air Force Base, Camp Bullis, and Camp Stanley are located in the immediate vicinity.
This means that there is a large population that will almost always rent because they don’t know where they’ll be sent on their next assignment. San Antonio has a dearth of affordable housing because demand is so much greater than the supply. This has created a large number of renters who need to pay quite a bit to rent apartments or single-family homes. We know there is a lack of housing relative to demand when a balanced market has a 6 month home inventory and San Antonio has only a two-month inventory.
How can we not mention Dallas on this list? The Dallas housing market 2020 is shaping up to continue the trend of the last few years as one of the strongest markets in the United States. Despite some fluctuations in the market, demand and sales have continued to climb at a feverish pace for more than two years and show no signs of stopping. Dallas’s local economy is a mix of aerospace, computer chips, telecommunications, transport, energy, and healthcare sectors and the Finance and Business Services. These sectors are all providers of good wages which allows for a strong market for Dallas investment properties.
Dallas’s population has grown at twice the national rate for years now and this pushes the prices of Dallas investment properties higher due to builders not being able to keep up. Dallas’s housing prices have increased 29% over the last three years, even with these increases in home prices, they are still competitive for investment properties and you can expect further increases over the years. If you want to buy an investment property in Dallas, don’t wait around, go ahead and do it.
Remember, caveat emptor still applies when buying a property anywhere. Some of the information contained in this article was pulled from third party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, the Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.
References:
Latest Market Data, Trends, and Statistics
https://www.zillow.com/austin-tx/home-values
https://www.movoto.com/austin-tx/market-trends
https://www.realtor.com/realestateandhomes-search/Austin_TX/overview
http://austin.culturemap.com/news/real-estate/09-11-18-best-real-estate-markets-in-us-austin-wallethub
http://austin.culturemap.com/news/real-estate/08-30-18-austin-home-foreclosures-rise-report
Foreclosures
https://www.realtytrac.com/statsandtrends/tx/travis-county/austin
UT Austin / Austin colleges
https://www.usnews.com/best-colleges/university-of-texas-3658
https://www.collegesimply.com/colleges/texas/austin/four-year-colleges/
Austin demographics
https://en.wikipedia.org/wiki/Austin,_Texas
Landlord friendly
https://www.rentcafe.com/blog/renting/states-best-worst-laws-renter
Taxes
https://www.austintexas.gov/invest-here
Is Austin In A Bubble
https://www.quora.com/Is-the-Austin-real-estate-market-a-bubble-If-so-when-will-it-burst
https://www.williamskw.com/blog/5-Predictions-for-the-Austin-Real-Estate-Market-in-2018/53486
Cost of Living
https://livability.com/tx
https://www.tripsavvy.com/austins-cost-of-living-255111
https://www.bestplaces.net/cost_of_living/city/texas/austin
https://www.nerdwallet.com/cost-of-living-calculator/city-life/austin
https://www.niche.com/places-to-live/search/suburbs-with-the-lowest-cost-of-living/m/austin-metro-area
https://www.forbes.com/sites/scottbeyer/2016/08/31/why-is-austins-housing-more-expensive-than-other-texas-cities/#10556d3d6121
The post Austin Real Estate Market 2020 Overview appeared first on Norada Real Estate Investments.