While the Austin housing market continues to shatter price records, a new study shows it’s the best U.S. market for growth and stability.
The study, published by personal finance website SmartAsset, places Austin at No. 1 among 400 metro areas for housing growth and stability. That’s up from the No. 2 spot last year.
The study notes that Austin-area home prices soared 368 percent from 1997 through the end of 2021. That was the biggest spike among all of the metro areas examined in the study. Meanwhile, it estimates there’s a zero percent chance that an Austin-area home would suffer a 5 percent drop in value within 10 years of being purchased.
In February, the median price of a home in the Austin metro area came within $5 of $500,000,…
178 Views, 0 Comments