Playing The Appreciation Game

This past year the average price for an Austin home increased 14%, which is nothing to sneeze at if you’re an investor. Check out this article for more detailed information: http://www.abor.com/news_media/press_releases/2015/p1_15.cfm

Even my own home has increased by close to 40% since we bought a little over 3 years ago! I know this is not true for every house in every neighborhood, but in general Austin is a VERY hot market and has certainly been a prime target for investing over the past few years. But is it a bubble? Can it last? No one has a crystal ball, but Austin has a lot going for it that would suggest it’s still in good shape. Forbes has rated it as one of the most recession proof cities, and the population growth in Texas alone looks to be a factor that will prop up it’s prices for a long time to come. In fact, Texas in general is supposed to double by 2050, and this can only be good for property values if you’re a homeowner (http://www.bizjournals.com/austin/blog/morning_call/2015/03/texas-to-see-explosive-growth-population-to-double.html).

Beyond Texas numbers, Austin growth in general is booming.  Our population is growing by almost 60,000 per year, which is like adding an extra Pflugerville! (http://atxne.ws/1FLiQBI)  In my opinion, Austin is one of the best places to buy and hold property, and it will continue to be so for at least several years to come.