Austin continues to be on all the top economists' Top 10 Best Performing markets in the country.  At #7 in the country, the Austin-Round Rock Metroplex is still enjoying a 9% average appreciation rate, approximately 50,000 new Austinites in 2007 and one of the lowest unemployment rates in the country. 

With builders cutting back as a result of the hit they are taking in other states and the high number of new members in our community, rental rates are primed to increase and the rental shortages we experienced in the late ‘90's are on their way back. 

Meaning, buy, buy, buy investment properties!  Here are some easy cost effective ideas: turn your current home into a rental property and buy a new home for yourself, buy a condo for your college age kids, elderly parents or any other "guaranteed" renter or consider buying that lakefront lot or cabin you've always wanted.  Between the tax deductions and appreciation rates, I bet you'll beat the return you're getting on your IRA!

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Jessica Bruehl   512-532-5005 or info@jkbrealty.com 

Search for homes, condos and new construction properties in Austin just like a REALTOR® at http://www.jkbrealty.com/ .