This is something the City of Austin will try to addressed via CodeNEXT.According to Steve Crorey, 2018 president of the Austin Board of REALTORS®, "Last month, economists predicted an upwards of 5 percent growth in median home prices within the Austin area, and we have far surpassed that. 

COMPs are much more sophisticated than simple CMAs, COMPs are the best Marketing forecast, done by Marketing economists such as university professors who teach Marketing Economics.With a glance at today’s economy, we can forecast the answer by watch the trend of the first 1-6 point and analyze point  7 and 8:1- Consumer confidence index is it up or down2- Business confidence index is it up or down3- Bond yield is it up or down4- GDP on the rise is it up or down5- The Stock market is climbing or declining6- Interest rate is it up or down7- Quantitative easing: What does that mean?

Many economists see interest rate hikes as a sign of strength in the market. 

Account Closed For what it's worth, I work for a real estate podcast and we had an economist by trade (Peter Linneman) on the show for the first episode of 2018.

Make sure that in the area they're not going to expand rent control  Look up AB1506 in California a lot of tenant and tenants union groups are trying to expand rent control to single family houses, condos and post 1990s built properties https://www.economist.com/blogs/economist-explains...Expansion ab 1506 https://sf.curbed.com/2018/1/9/16871314/rent-contr...http://www.tenantstogether.orgthis is a group that is heavily funded by political movements trying to expand housing authorities that will lock rents in different areas. 

I am not an economist or brainiac such as others on here but sometimes we can look t things another way.

The share of U.S. households who rent surged in the wake of the Great Recession, as millions of families were foreclosed upon and younger adults either chose to or had no choice but to rent for longer," said Zillow senior economist Aaron Terrazas.

Its been in the news frequently lately, including a big spread in "The Economist" about the situation.

However, he revealed his is among a group that includes academics, economists, transportation officials, and architects currently writing a book entitled "Lower Manhattan 2020."

In a case of "I told you so", The Economist in this weeks issue says the same thing.