2017 Expects 2.8% Growth in Population

Posted by on Friday, January 13th, 2017 at 10:22am.

Austin has shown a lot of growth over the past years.  This is good news for home sellers, but not such good news for home buyers.  There is already a limited inventory, with Austin still being considered a buyers' market (where there are too few houses for the buyers that are trying to buy houses).  This can result in over inflated prices, which is good for the seller, but makes it difficult for the first time buyer or the person with average income and an average credit score.  Still, experts say that 20% of renters can actually afford to buy a house.  So, if you are still interested in buying a house, don't despair.  Contact me, and I can put you in touch with a professional lender that can tell you just how much you can afford.  But as the following link shows, it seems that Austin is still going to see an increase in population for 2017.

Expected Growth for Major Cities--Austin 2.8% (Austin Business Journal, {Jan, 20117})

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