What’s Outpacing Housing Growth? Your Texas Income….

Interesting news out of the Real Estate Center at Texas A&M, your Personal Income per Capita (translation for us mere mortals: the amount of money you earn in a region and how that amount relates to your quality of life) has outpaced Texas housing prices.  Now – remember – this is looking at Texas as a whole.  When we break it down regionally, the data becomes more meaningful.  Take a look at these charts:

What is interesting is the substantial housing price growth in our area, the Austin Metro.  We’ve significantly outpaced the US numbers.  As we’ve mentioned before – we’re watching the market to determine sustainability – particularly in light of recent rate increases.  For now, the Central Texas real estate market appears to be clipping along at a brisk pace.  We will keep you posted…

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