A new study from two Florida universities suggests people should rent or invest in Austin, rather than buy a home in the current market.
AUSTIN, Texas — The Austin housing market is hot – and maybe a little too hot.
A new study ranked the Austin housing market as the second most overvalued market in the nation, with homes selling at an average of 50.72% more than they should. Boise, Idaho, is ranked No. 1 on that list.
The study was conducted by Florida Atlantic University and Florida International University. The two universities looked at past pricing data, real estate data and other publicly available information on homes and real estate in Austin.
Austin’s housing market has had…