Understanding Austin home prices

Home values are constantly moving up and down. Generally, house values appreciate in the long term. But, of course, in real estate there is always a certain amount of risk.

When your property appreciates you have a bigger asset to borrow against, and you'll generate a higher profit when you sell. Property values in Austin rise and fall for numerous reasons, so how can you be sure what you're investing in presently won't depreciate the day after you close? It's critical that you select a REALTOR^® in Austin who understands the factors that affect local prices.

Free Home Value Assessment

A lot of people guess that the economy is the most important factor affecting real estate appreciation. Naturally, there are several issues on a national level that impact your home's value: unemployment, interest rates, quarterly earnings reports, and more. But the most significant things that decide your home's value are specific to the local Austin economy and housing market.

Let John Horton Realty help you with your first home purchase in Austin

Let John Horton Realty help you with your first home purchase in Austin

Access to services - Convenient access to schools, jobs and amenities like shopping, restaurants and entertainment is important to a lot of us and will greatly influence home values. So these regions often appreciate, or hold their value consistently, year to year.

Recent sales - Your real estate agent should provide you with stats on the recent real estate sales in the regions that you're asking about. You'll want to know average time on market, selling versus listing price and more.

History of appreciation - In the last 5 to 10 years, have home prices increased or decreased? Does location or affordability affect how desirable the neighborhood is considered?

The local economy - Are local businesses hiring? Have businesses moved into or away from an area? Is there a good mixture of work in an area, or does it rely on just one industry? Is the blend of commercial and residential development changing? All these play a role.


	Knowing the factors that affect your house's price is important. Get an assessment of your property's value here. Please call me at 512-775-3737 or e-mail me with any questions.

John Horton Realty 1301 S. Capital of TX Hwy #A-136 Austin, TX 78746

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