Austin is on fire! Its so hot here and I am not just talking about temperature. Austin’s unemployment is at 3.4%

Its the lowest since 2001. For folks that have been here for sometime know that the economy got a little wobbly with the tech fall out. But, if you look at the rest of the economy Austin is doing very well and will continue to do well.

Why? Interest rates are super low! There is very little interest rate to borrow money to start a business, buy a home, car or any major activity. So the risk is lower than it would have been in the 1970’s with double digit interest rates. Inflation is also really low too which makes the current market white hot for investments.

So, if you can buy then you should. If you can buy multiple properties then you certainly should. You will thank me later.

If you want relevant information for the latest citywide statistics or certain pockets in the city then send me a message. I am a numbers type of guy. For the month of February 2015, citywide median house prices increased by 8.5%. That is crazy hot!!