Austin, Texas SperlingViews
"Market is getting stonger here"
Market is getting stonger here - 2/28/2012||
Apartment occumpancy is at 98% causing rent cost to increase drastically. We are at a 6 month inventory overall higher in suburbs and lower in central area. A 6 month inventory is a neutrul market meaning niether a buyers or sellers market. I find the suburbs are still a buyers market with the central area shifting to a sellers market as I am finding many multiple offers at list or above on listing located centrally. With the low rates, loosening up a bit from the banks on lending, and prices still not increasing yet, now before the summer rush is a good time to buy. Warren Buffet said he would buy as many single family units as he could and I have to agree.
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