Jul 11, 2016
Want growth and stability? Check out these Texas cities.
TEXAS - Three Texas cities rank in growth and stability according to SmartAsset. 2. Austin, TexasThe Austin housing market is among the hottest in the country, but unlike many other hot...
TEXAS – Three Texas cities rank in growth and stability according to SmartAsset.
2. Austin, Texas
The Austin housing market is among the hottest in the country, but unlike many other hot markets, Austin isn’t recovering from a major bust.
According to data from the FHFA, home prices in Austin have climbed 242 percent since 1990.
4. Midland, Texas
This West Texas city has had among the highest overall growth rates in its housing market over the past 25 years, with prices increasing by an average of 3.3 percent annually.
While the city’s economy has historically been driven by the local oil industry, in recent years that hasn’t led to the booms and busts typical of many oil towns.
There have been zero periods of significant price declines in Midland since 1990.
9. Odessa, Texas
On average, a homeowner buying in Odessa over the past 25 years has faced just 4 percent odds of seeing price declines of 5 percent or greater.
But it isn’t just stability in Odessa’s housing market. Home prices have consistently increased there as well. Price levels today are more than triple what they were in 1990.
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