Now Is The Time To Invest In Austin Real Estate Rentals
Posted by Mary Ann Castro on
The Austin Business Journal recently published an article about the population of Austin that found numbers are projected to almost double in the next 25 years. However, these kinds of market and population predictions aren't definitive. Some very smart people have crunched their numbers and analyzed the trends, but there are a multitude of factors that can't be foreseen. Predicting population growth isn't an exact science, but it does give us an idea of where trends are heading. Even if the populous doesn't double, do expect to see growth of some kind.
What does this mean for Austin real estate prices though?
The Effect On The Housing Market
Intuitively, we might think an increasing population will lead real estate rates to rise. More people…
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Austin's economy is booming, resulting in a rise in both the city's population and home prices. While the number of jobs continues to grow, wages have plateaued, meaning some of Austin's lower income earners have become priced out of owning a home. Renting is often not a solution, as rental prices have also increased.
Three Austin Schools have made Newsweek's list of America's Top High Schools 2016. In conjunction with Westat, Newsweek compiled the list of the country's best public high schools using the following criteria:
Austin is about to receive an extra dose of class. Developers are about to break ground on Austin's newest high-rise residential development: Austin Proper Hotel & Residences. Soon to be located at the northwest corner of Neuces and 2nd Street West, the 33-story, 500,000 square foot building is slated to have 244 hotel rooms, 99 luxury condos, and a bevy of impressive amenities. The residence isn't set to open its doors until 2018, but buyers are already lining up to purchase units.
