All Forum Posts by: Neil Narayan

It's no surprise that Austin is once again the fastest growing big metropolitan city in the country.

According to U.S. Census Bureau figures released May 4, Austin's multi-county metro population increased to an estimated 2,295,303 people as of last July. This was a 3 percent increase from the previous year, making it the fastest population growth among metros with at least 1 million residents.

The Austin metro now ranks 29th among the nation's largest metros, moving up one spot from the previous year and ranking just behind Las Vegas, Pittsburgh, and Sacramento.

Since 2010, the Austin metro gained about 579,014 residents, a 34 percent population growth, according to the data.

In terms of raw population growth, the Austin metro averaged 184 new residents every day.

https://austin.culturemap.com/...

@Andrew Postell

Austin, Texas might be the hottest housing market in the country. The Lone Star State’s friendly tax policies combined with the city’s huge tech scene and its cool factor have made it a destination for Silicon Valley types for several years.

In addition to the same demographic factors driving growth elsewhere — all those millennials buying homes — the number of companies relocating there is a huge draw. Austin has ranked as the No. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal.

And all of those prospective homeowners flocking to the city are fighting for the same small pool of houses. In fact, Austin has just about 1.2 months of supply, and has seen a 19.7% year-over-year increase in home values.

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap.

https://www.housingwire.com/ar...

@Robert Eyers may be able to help you out

For cash flow you will likely need to be outside of Austin.

For appreciation you want to be closer to the core of Austin or near to an area that is posed for huge development 

I base it on location, price and then what kind of tenants your would ideally like to help narrow down the search

Ton of growth, just drive along HWY 29 and you will see it. 

The region encompassing Austin, the Hill Country, and Waco represented 28 percent of the dollar value of the state’s rural land sales last year.  That was the highest dollar volume among the six regions outlined in the report and was 26 percent above the region’s dollar volume registered in 2019.

Charles Gilliland, research economist at the Texas Real Estate Research Center, says in a news release that rural land sales in the combined areas of Austin, the Hill Country, and Waco “exploded” in the second half of 2020.

In the third quarter of last year, sales of small rural properties (10 to 50 acres) in that territory reached 1,103, marking the first time the region ever recorded more than 1,000 of those sales in a single quarter. The third-quarter figure in 2020 jumped 85.1 percent compared with the same period in 2019. The fourth-quarter figure dipped to 978, but that still resulted in a 70.7 percent rise versus the same period in 2019.

https://austin.culturemap.com/...

There is a big difference between list and sales price

@Michael Encoy I have done 3 investment props in Georgetown in the last couple of months. It is a great are in my opinion (best historic downtown in Texas). They all rented out in a couple of days with multiple applicants. GT is less heated than RR and CP areas.