Is the Austin real estate market a bubble?

by Cassandra Majors, Independence Title. Ever since the meteoric rise of Austin's real estate market in the last two decades, I've heard the same question asked in many different ways, from many different people. It usually takes one of three forms: 1. Is Austin in a real estate bubble? 2. read more

Austin is the capital of the U.S. state of Texas, a hot market for real estate. Home prices have hit record highs in some major U.S. metropolitan areas, but residential real estate isn’t in a speculative bubble. A low inventory of available homes is driving prices higher, for Texas and Austin the local market remains healthy. read more

Real estate website Trulia thinks so. In an interesting finding, Trulia's"Bubble Watch" analysis of current listings indicates that Austin is the fifth most likely city in the U.S. to be experiencing a bubble based on an overheated home market. read more