Austin at Risk for Price Decline?

[Marian Smith]

Austin Business Journal says a recent report lists Austin as the second riskiest market in the nation for a price downturn. My husband golfs with a guy who says his Austin investors are now buying Atlanta and Phoenix...predicting that Austin price increases will moderate and plateau. It seems to me that the more people move here, the more jobs they create and so the growth feeds on itself to a certain degree. But I can see that as apartments are added there could be downward pressure on rents. And low oil prices seemed to affect the whole state in the past. It is the most expensive market in Texas...but always has been I think. And prices are sticky on the way down. With under a 3 month supply of homes, not something to worry about anytime soon.