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America’s Best Places to Invest In Real Estate in 2016


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Austin Ranks Among Top 20 Housing Markets to Invest in

With its booming economy and strong employment growth, Austin ranks number 7 on Forbes’ list of best places to invest in real estate. The greater part of these ‘Best Buy Cities’ are still considered undervalued, and Austin is among them.

Texas Metros Doing Well

texas metros doing well

 

Texas has the second-highest number of cities among the rankings, with San Antonio and Dallas joining Austin in the Top 10 best places to invest in real estate. These three cities are thriving due to their diversified economies and even during a time when the rest of the country was experiencing a recession, the Texas economy saw a much more subtle impact. Texas is still seeing rapid population growth, and Austin, in particular, has a projected three-year growth rate of 9%, which is higher than both San Antonio (6.1%) and Dallas (6.2%). Austin also has strong year-over-year job growth at 3.3% and continues to see expansion in the tech industry, welcoming many new companies, and their employees, to the city.

Why Austin is a Great Place for Real Estate Investment

Photo of Austin Neighborhood Great Real Estate Investment - Best Place to Invest in Real Estate

Each of the ranking cities among the best places to invest in real estate not only has a strong job and population growth, but also a foreseeable home price appreciation. Although housing prices are rising in Austin, they are relatively cheap when looking at the nation as a whole and are expected to continue rising. The three-year home price growth projection for Austin is 27%, making it a worthwhile place to invest in the housing market.

Are you ready to invest?

If you are looking to be a part of the action, please let us know how we can help with any of your real estate needs.

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