Will Austin Be One The Hottest Housing Markets For 2019?
There’s no doubt that the Austin Texas real estate market had a solid year even as the market shifted from being a traditional sellers market to a buyers market but the big question is what does 2019 hold?
In this article we will answer this question and provide you some insights into what you can expect if you plan on buying a home in 2019.
Austin Declared One Of The Hottest Markets For 2019
Thanks to recent data from Trulia we know that Austin has been declared one of the hottest markets of 2019 based on factors like the strength of the local economy, healthy jobs market, vacancy rates and availability of starter homes in the area.
What’s interesting about the recent data from Trulia is that home buyers under the age of 35 are expected to be the leading buyers in Austin next year.
Where Is The Hottest Neighborhood In Austin?
In the Austin market, Trulia pinpointed an area in Southeast Austin just west of Austin-Bergstrom International Airport as the region’s hottest neighborhood. The neighborhood is bounded by State Highway 71, East Stassney Lane, Burleson Road, and State Highway 183. To come up with this designation, Trulia measured the year-over-year change in home values, the median number of days that homes stayed on the market, and the change in days on the market since last year.
What To Do If You Plan On Buying A Home In 2019
Are you planning on buying a home in 2019? If so, make sure you do the following:
- Review your credit to make sure there’s nothing stopping you from getting the best mortgage loan possible.
- Get pre-approved for a mortgage loan
- Determine what you’re searching for in a home
- Set a budget and stick with it
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