Hi,
Can anyone tell me where I can find annual appreciation rates for a given area within my city? I am considering a purchase of rental property for long term holding.
Thanks!
I read in yesterday’s paper that housing prices in Austin, TX have been flat for the last three years. Could have fooled me. I’m guessing they were referring to the prices for homes in the new subdivisions that ring the city. The prices for existing houses located close to downtown have been moving steadily upward.
Anyway, the statistics don’t always tell the story. I was shocked by what the paper says, so I figure for every centrally located house that was on the market, there must be 10 new ones in the suburbs diluting the appreciation rate. Just my guess.
My properties in Dallas have barely moved in the last few years. If only I had bought on the east and west coast instead.
:-[