One of the great things about Austin is that there is always something to do. From our numerous conventions and festivals to Austin City Limits and University of Texas at Austin, we always have visitors. Whether they’re here on business or vacation – or both — those visitors often need short-term housing or a place to stay beyond what a hotel can offer. The employment market in Austin has been relatively healthy compared to the rest of the country. We have seen many families relocating from other parts of Texas as well as the rest of the country for business reasons, and many of them are interested in temporary housing solutions. What this translates to is a demand for short-term housing, vacation rentals and conventional rentals.
If you have been considering Austin real estate as an investment, there are many opportunities available. With the current rate on a conventional home mortgage at about 3.5 percent, this is a good time to invest in Austin real estate. The demand is high, and there are a number of suitable properties on the market.
For more information about some of the opportunities and some possible upcoming changes in the vacation rental market guidelines and regulations, call our York Real Estate Services office at (512) 275-9675.