If you’re looking to own or rent a home in Austin, Texas, you have a lot of options. Opportunities exist all over this great city for buyers, sellers, and renters to capitalize on the value of a highly sought after market. With that in mind, there are a number of questions you’ll want to answer before diving in. Let’s take a look at each one in turn.
Is Austin a Real Estate Bubble?
To answer this question, let’s consider the numbers. The housing collapse of 2008 saw American home prices skyrocket above their fair market value, to the tune of 24% higher than they should have been priced. In Austin, TX, the price of homes is considered by some to be over their fair market value as well, though not necessarily at “bubble” levels quite yet.