Austin is again popping up near the top of a national list again with the being the 5th rated best home buying market in the country. Actually there 5 real estate markets in Texas that ranked very high according to the annual Housing Predictor Hottest 10 Buyers Markets forecast. This another indication of how bullish real estate has become in Austin and Texas

Five Texas real estate markets made the annual Housing Predictor Hottest 10 Buyers Markets forecast, with Austin securing the fifth spot at nabbing the second spot at 8.2 percent forecast for 2007. Other Texas markets to make the list were McAllen (second), Houston (sixth), El Paso (eighth) and Dallas (tenth). Albuquerque, N.M., was named number one. Housing Predictor’s selections are based on surveys of 75 out of more than 250 housing markets forecast on its website. The highest amount of forecast appreciation during the remainder of 2007 was given the heaviest weight in the survey. Market conditions, sales velocity, pricing and more than 20 other factors were also considered.
[Source: McAllen Economic Development Corporation]

If you are a buyer thinking about buying real estate now is the time to find something because if you don’t the prices are going to continue to rise. Contact us for special buyers package we have that will give you a great overview of all the areas around Austin.