The good news just keeps coming, well, if you are buying a home in Austin or Round Rock, Texas it does. Take a look at these statistics:

1.    Apartment occupancy has gone back up from 89.5% in June 2009 to 90.4% in December 2009....Great news!

2.    Add to that the projections from the Real Estate Center at A&M:

       a.    New apartments added in 2009 = @ 6,000

       b.    Projected apartments for 2010 = @ 1,000

       c.    Projected apartments for 2011 = @  500 

Source: http://recenter.tamu.edu/Data/hs/hs140b.htm  

3.    New apartments planned to be added in 2010 and 2011 are VERY VERY VERY LOW.

4.    Apartment builders see that and will start building ---- but it can take two years from planning to doors.

5.    So for the next two years the occupancy in the Austin Area is going to be VERY VERY HIGH.

6.    That will keep rents HIGH.

7.    And that makes INVESTING in Austin a VERY GOOD investment.

We have seen little investing in Austin over the past couple of years... except for those intent on flipping for a quick profit.  With Austin's home values holding steady while everyone else is seeing depreciation, the upturn may not be as dramatic for us, but it will be positive and it will be soon!