Rising Rents Are A Sign That It’s Time To Buy!

Incessantly rising rents are a red flag to Austinites that it’s time to BUY a property in order to save money in the long run.

According to Austin Culturemap and Axiometrics, the “average apartment rents in the region will rise 11 percent from 2017 to 2020, climbing to almost $1,400 a month.”

This year alone, 2017, rents will hit $1,239 per month, up 4.2 percent from 2016.

KC Sanjay is a senior real estate economist at Axiometrics and explains that the rise in rents is due to “job growth, population growth, and a tight supply of apartments.”

Which all leads to one point – this is the perfect time to buy!

#metroaustinhomes