hinking of buying real foreseeable future.
estate in Austin, Texas? If
so, sooner would be better You can blame it on supply and
than later. Prices in Austin demand. Sure, a lot of new
continue to rise, and there's no residential areas are being
sign that they will level off any developed. But the land prices
time soon. are going up, which means the
houses that sit on the land will
Why is Austin real estate also increase in price.
becoming such a hot commodity?
Fist, consider the city itself: On top of that, the influx of new
Austinites is outpacing the
Austin, Texas is a great place to supply of houses. In a recent
buy a home. The weather is article in the Austin Business
relatively mild. There's plenty Journal, John Doyle, director of
of history and culture. A series land acquisitions for KB Homes in
of highway-improvement projects Austin, cited the influx factor
will soon make commuting a as a key reason for the steady
breeze. And, of course, there's increase in land prices. Doyle
the music -- Austin has been also noted the high volume of
dubbed the "Live Music Capital" Californians flocking to the
of America. Austin area.
But if you're thinking of moving To find out why so many
to Austin to buy a home -- or if Californians are moving to
you currently rent in Austin and Austin, just do the math. Homes
wish to purchase your first home are much more affordable in
-- you should move quickly. Austin than in most parts of
Prices are rising, and they will California. A $200,000 home in
likely continue to rise in the Round Rock (a suburban city north
of Austin) might go for as much anyone thinking of moving to
as $700,000 in San Diego. Austin -- whether they're coming
from San Diego, California or
Add in the fact that the climates Fargo, North Dakota.
and cultures are somewhat
similar, and you've got the * Copyright 2006, Brandon
makings for a continued Cornett. You may republish this
immigration of former article in its entirety, provided
Californians. The result? you leave the byline, author's
Continued increases in land and note and website hyperlink
housing prices. intact.
And that, of course, affects
About the Author:
Brandon Cornett is the editor of http://HomeBuyingInstitute.com, one of the Internet's largest and most respected libraries of home buying information -- more than 100 expert articles in 12 different home buying categories! Put this knowledge to use by visiting http://www.HomeBuyingInstitute.com.
Source: www.isnare.com
