Market Outlook |
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Low New Home Inventory: Builders are sidelining new projects for the future, with the number of housing starts in Austin dropping 76% over the last 5 years1. Developable land on Lake Travis is also diminishing, and as a result Austin is experiencing a decline in months of new home inventory2. This means that what we have now is what we’ll have for the next several years.
Demand is on the Rise: More people are moving to Austin than just about anywhere else. It is the 2nd fastest growing MSA in the country3 and receives an influx of around 30,000 new residents annually4. Because housing starts are stalling, competition increases on limited available homes in Austin and the surrounding area. In fact, in the last quarter alone housing prices increased by 6.4% and are not expected to dip again5.
The Ultimate Buyers Market: The opportunity is right here for you to get a great deal on your real estate purchase: historically low interest rates, flexible financing options and property more affordable than ever before6. In won’t last forever, but you can make a great investment now before a tighter market pushes prices back up.
What This Means for You: We’ve hit the bottom, and Austin is recovering and welcoming new residents at an incredible pace. And everyone wants to live on the Lake. The climate is ideal RIGHT NOW to lock in low rate financing on a competitively priced home site. Don’t miss your chance to profit while securing your dream home.