"While the Austin housing market continues to shatter price records, a new study shows it’s the best U.S. market for growth and stability.
The study, published by personal finance website SmartAsset, places Austin at No. 1 among 400 metro areas for housing growth and stability. That’s up from the No. 2 spot last year.
The study notes that Austin-area home prices soared 368 percent from 1997 through the end of 2021. That was the biggest spike among all of the metro areas examined in the study. Meanwhile, it estimates there’s a zero percent chance that an Austin-area home would suffer a 5 percent drop in value within 10 years of being purchased," says CultureMap Austin.
"Half of the metro areas in the study’s top 20 are in Texas, including the state's other major metros.
Houston ranks sixth, with a 221 percent rise in home prices over a 25-year span and a zero percent chance of a 5 percent loss in value over a 10-year period. Dallas-Plano-Irving is seventh, with a 228 percent rise in prices and only a 1 percent chance of a 5 percent loss in value over a 10-year period."
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