I wouldn't suggest to buy investment property, the detail is ins

学习老朽，奉献一把。

In Austin, October 2016 Median price rose 9.3 percent from October 2015, unemploymennt rate is 3.53%, Total
Population increased 2.953% in 2015,  it is 57,395 population.  The avarage family size is about 2.7, this translates to 21,257 new units.   So far,  so good, those numbers are still on the top list of US market.

In the past year, the Single-family building Permits are  13,210 units, 2-4 family Permits are 296 units, 5+ family Permits are  9,711 units, the total is 23,217 units, which is higher than 21,257 units.  1,960 units extra units can't be digested by Population increases,   which  translates to about  0.74 months inventory increase.  In October 2016, monthily inventory is 2.7. 

In the past 12 months about 2,341 luxury units have delivered in a four-mile radius of downtown,
 and more than double that are under construction in the same area, and  another 5,800 units is on the way, how this
affect this downtown area and austin? I would say  that vacancy will be up and a flood of units is on the way, special
in Towntown Austin.  

I wouldn't suggest to buy investment property. But if it is  your residential house, still buy it.

所有跟帖： 

• thanks very much!! very detailed info! -laomao2- ♂ (0 bytes) () 11/29/2016 postreply 09:33:53

• 数学专业？ -sweetptt- ♂ (0 bytes) () 11/29/2016 postreply 09:36:04

• 佩服佩服！ -万得福- ♂ (0 bytes) () 11/29/2016 postreply 10:25:33