Unbelivable growth in our area as stated in the Austin American Statesman this week. The Census Bureau reports that in the last 3.5 years that Buda has grown 39%, Manor 26 %, Leander 20.6%, and Cedar Park 18.4% and those were the “small cities” ! At that rate they won’t be small for long. Meanwhile Austin grew 9.2%, Round Rock 9.8% and Pflugerville 11.8%.
Last week I read that the Austin area auto dealers were having a banner year with car sales going out of sight. That fits because so many folks are moving here. They often will leave their old clunker behind (usually in California – thank you) and then buy a care here. Of course you can’t drive to your new job here in an old car can you?!
So all these folks need a place to live and that means us investors in residential real estate have a tremendous opportunity to help them out by providing rent housing. Let the good times roll!
If you have any questions about real estate investing or Austin property management. Please feel free to reach out to us at Austin Landmark Property Services. We’d be happy to chat!