by Brad Pauly
on Thursday, October 25th, 2012 at 8:04pm.
The central Texas real estate market continues to be red hot, especially around Austin. According to the latest numbers from Metrostudy, housing construction is up more than 37 percent in the area and the demand for homes is supporting real estate price increases. A total of 2,376 homes were started in central Texas during the third quarter ended September. That was compared to 1,729 in the same period a year ago. The report also said the number was the largest number of starts since hitting more than 2,500 in 2008. The increase in housing starts is in response to the strong job demand in Austin, coupled with rising rents and a continued tight inventory of homes on the market. According to the latest report, less than 1,000 homes were available for sale in the central Texas area. The hot Austin market partnered with record low interest rates makes this a great time to stop paying rent and own your home. It’s also a great time for investors to start looking for price appreciation opportunities in the hot Austin real estate market. South First Street Bridge and Lady Bird Lake by Katie Haugland / is licensed under CC BY 2.0