Three Things That Help Predict Future Austin Home Sales Volume

Austin homes sales volume is looking good for both 2013 and 2014 according to Dr. Mark Dotzour, Texas A&M Real Estate Centers economist.  For decades he and his team have analyzed enough home sales data to know that there are 3 basic things that help predict future home sales volumes in Austin, Tx.

Job Growth – Texas almost always has double the national average in job creation.  For example in August it was 2.4%.  Austin boasts a 2.9% job growth rate!

Low Home Mortgage Rates – Rates have averaged 3.5% to 4% for quite some time now however that is slowly changing.  Rates will eventually creep up……..however the question is when?

Home Price Appreciation – Austin home prices have had a steady increase in appreciation over the last decade……unlike other areas such as California or Nevada where home prices quickly skyrocketed and then dropped significantly.

 

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