Are your buyers worried that Austin might be in a real estate bubble? A recent index published by Freddie Mac says otherwise.
As reported in the Austin Business Journal, the Multi-Indicator Market Index by Freddie Mac says Austin has one of the most stable housing markets in the country. Several highlights from the report may interest your clients...
- Austin is the second-most stable market in the U.S. – Fresco, CA, is the first – with a very healthy composite score of 96.6.
- The city’s highest score was related to strong employment driving demand for real estate.
- The lowest ranking was in the area of purchase applications, due to low levels of inventory in affordable price ranges, which is something ABoR is actively working to address.
Check out the full report for more details about the stability of the Austin real estate market.
Image via Flickr.