Austin, TX - Bubble or Boom?

[Darshil Parikh]

I get asked by my clients everyday, is Austin, TX market a bubble or will it continue to boom?

The white-hot housing market in the Austin area continues to blaze, with the median sale prices for homes hitting all-time highs in June — and real estate experts say that even as demand soars, the region is showing no warning signs that it's experiencing a housing bubble that is at risk of bursting.

I purchase a house in Leander back in September, and rented it for $3,300 this month in 48 hours. It’s not just Austin, but a lot of parts of surrounding areas are booming just as much. What are your thoughts?