Austin Neighborhoods | Austin Home Buyer Representation | Selling

  • Home Search
  • Buyers
    • Buyer Survey
  • Sellers
    • Seller Survey
  • Neighborhoods
    • Neighborhood Finder
  • Luxury
  • Condos
  • Relocation
    • Relocation Survey
  • Market Reports
  • Advice
  • About
You are here: Home / Real Estate Price Reports / Austin Top 5 Real Estate Market to Watch in 2012

Austin Top 5 Real Estate Market to Watch in 2012

November 11, 2011 By Rebecca Jacks

Though not yet a major international player in the business market, Austin was named one of the Top 5 Real Estate Markets to Watch in 2012 in a report by PricewaterhouseCoppers and the Urban Land Institute. One of the main reasons Austin was chosen was because of the diversity of jobs and industries, which protects from large boom and bust conditions. Many of the tech companies that recently only existed in places like the Silicon Valley have moved to the business friendly state of Texas and brought high paying jobs and workers.

austin top 5 real estate markets watch 2012

Top 5 Real Estate Markets to Watch in 2012

Austin joins an impressive list of cities including:

  1. Washington DC
  2. Austin
  3. San Francisco
  4. New York City
  5. Boston

What Does this Mean for Austin Home Buyers and Investors?

If you’re looking to get into the Austin housing market, whether it be to buy something for yourself or to buy something for investment, the winter months are the perfect time. Most buyers and investors are busy with the holidays and therefore you’ll have less competition. Less competition means fewer offers and better deals. And, with interest rates at all time lows, conditions are favorable for someone with a stable job to get into the market.

Investors should be especially keen on Austin duplexes and rental property. Rents in Austin are going up as 160 people a day move here and need a place to live. Rents have gone up considerably in the last year and will likely continue to rise as more and more people move to the city.

What Does this Mean for Austin Home Sellers?

If you are planning on selling and buying another house in Austin, take advantage of low interest rates and sell and buy now rather than waiting until the busy Spring market. Waiting for the Spring market may make you more money on the sale of your home, however you’ll also likely pay more to buy your next home and may pay a higher monthly mortgage payment should rates go up. In the long run, you’ll likely come out ahead.

If you don’t need to buy, wait until the Spring when more buyers are in the market. More competition usually corresponds to more money for your home.

Enjoyed this Living in Austin Post?

Why not subscribe to our RSS feed, follow our site updates on Twitter @ATXREHomes or follow us on Facebook.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related

Filed Under: Real Estate Price Reports Tagged With: Buying Investment Property, Growth, Housing Market

About Rebecca Jacks

Rebecca has founded her success in real estate on a commitment to personalized service. Clients appreciate her dedication to not only the success of their transaction, but their very peace of mind. She is particularly adept at creating bridges to make home buying and relocation as seamless as possible.

Leave a Reply Cancel reply

Austin Home Search

Getting Specific

Austin Accolades Best Neighborhoods Buyer Beware Buyer Tips Buying in a Seller's Market Buying Investment Property Choosing the Right Neighborhood Christmas Condo Market Cost of Living First Time Home Buyers Food Foreclosures Frequent Buyer Questions Frequent Seller Questions Fun Things to Do Getting a Loan Growth Home Values Housing Market How To Interpreting the Market Job Market Luxury Homes Luxury Housing Market Master Planned Communities Multi Family Housing Market Neighborhood Maps New Construction Predicting the Market Preparing to Sell Property Taxes Questions to Ask Real Estate Key Terms Relocation Tips Researching Your Move Saving Money Seller Tips Selling for Top Dollar Suburbs Timing the Market Top 10 Lists Top Rated Schools Visiting Austin Zip Codes

Recent Posts

  • February 2023 Austin Luxury Real Estate Price Report
  • February 2023 Austin Foreclosure Market Report
  • February 2023 Austin Multi Family Real Estate Price Report
  • February 2023 Austin Condo Price Report
  • February 2023 Austin Real Estate Price Report
  • Georgetown Neighborhoods with Acreage Lots
  • Austin Suburbs with the Best ROI for Real Estate Investors

What We Write About

  • Buying a Home
  • Selling a Home
  • Investing in Real Estate
  • Relocating to Austin
  • New Construction in Austin
  • Austin Homes & Neighborhoods
  • Austin Real Estate Price Reports
  • Home Ownership
  • Living in Austin
  • Things to Do in Austin

Copyright © 2023. Eleven Oaks Realty, Licensed in the State of Texas by TREC. (512) 827-8323