I'm constantly asked, "How's the Austin market?" "Do you think the market is slowing down?" The short answers to those questions is "great" and "nope"!
Thanks to Mark Sprague, Director of Information Capital at Independence Title, who gave an informative presentation at the Residential Real Estate Council's luncheon yesterday. Here are some key takeaways:
- Austin's employment growth is forecasted to be between 1 to 2% through 2019/2020 (primarily in technology, healthcare, and business & professional services).
- Real estate sales will continue to be strong; tight inventory in Austin and Dallas. Texas in general continues to see the longest expansive price growth run! Home and commercial values will continue to improve.
- A prime indicator of