Found 6 blog entries for March 2016.
Hopefully you’ve invested in residential real estate property in the Austin area, because 2016 is promising some big numbers. However, if you’re not a homeowner who rents out a property, well, the forecast doesn't look too hot for you.
HomeUnion, a real estate investment management firm, has identified the top 10 metros with the strongest investment home rental growth in the country. Austin comes in at No. 8, with some data that might excite or scare, depending on which side of the spectrum you’re on.
Austin is expecting a 5 percent price increase in 2016 for home rentals, with a projected year-end average rental price of $1,787 for a single-family home. Factors of population, a healthy economy, and steady job growth place Austin in the top 10.…
The granite dome of Enchanted Rock got its name from the local Indians? They believed flickering ghost fires could be seen on top of the rock at night. Legend tells of an Anglo woman kidnapped by Indians who escaped and lived on top of the Enchanted Rock, where her screams were said to be heard at night. According to the Texas State Historical Association, local Comanche and Tonkawa feared and revered the Enchanted Rock, and may have offered sacrifices at its base.
Enchanted Rock is a popular hiking and camping destination, currently managed by Texas Parks and Wildlife. For more information, go to http://tpwd.texas.gov/state-parks/enchanted-rock
Reason No. 1: Interest rates are still at record lows
Even though they may creep up at any moment, it’s nonetheless a fact that interest rates on home loans are at historic lows, with a 30-year fixed-rate home loan still hovering around 4%.
Reason No. 2: Rents have skyrocketed
Another reason home buyers are lucky is that rents are going up, up, up! According to the2015 Rent.com Rental Market Report, 88% of property managers raised their rent in the past 12 months, and an 8% hike is predicted for 2016. Doesn’t it make more sense to put those monthly chunks of money into your own appreciating asset rather than handing it over to your landlord?
Reason No. 3: Home prices are stabilizing
For the first time in years, prices that have been…