Low Home Inventory
Currently in Central Texas we are experiencing low home inventory. With the influx of people moving to Austin and surrounding areas the housing market cannot keep up with demand. What does this mean for homeowners? Supply and demand is causing the price of homes to increase. This is great news for those who want to sell.
Low Interest Rates
In addition to a high demand for properties interest rates are at an all time low. Currently many home loans are below 3% allowing buyers to purchase more home for their money.
One of the many factors that is making Central Texas appealing to out of state buyers is the Unemployment rate. Combine that with large businesses moving to the area is making Central Texas a viable option to many people.