In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many Americans have rushed to take advantage of this unprecedented opportunity, others
Austin Apartments And Homes For Rent
Finding the right place to live can be difficult. As a Realtor, I visit homes and apartments with clients regularly. I make it my goal to find the right match for my clients. The market in Austin is growing and with that housing demands and home purchase/rental pressures have increased. This can make it difficult to find that right home or apartment, especially without help from a professional.
The current situation, according to an article published this month by the Texas A&M Real Estate Center, effects both those who buy and lease. The demand for housing has been healthy and consistent, and the “tight single-family housing market” keeps aspiring homeowners from purchasing homes. This has caused homeownership rates to drop over the past three consecutive years. With these aspiring buyers being forced to rent, lease demands increase, and in turn cause rental rates to climb. Last year rents increased 1.9% to an average monthly apartment rent of $1200. This average is predicted to increase another 2.3% this year to $1228 per month.
The housing market in Austin is competitive to say the least, and is only predicted to continue growing.
If you know someone who needs housing in Austin, give me a call. I would love to help them find something great. I know my way around this town.
Donna L Bovee
Team Price Real Estate
Price Commercial Real Estate
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