The statistics are there.2.

Statistics are infinitely subjective, but I refocused on single family homes with 3 Beds, 1.5-2 Baths, on less than 2 Acres for sales information to compare with rents, including factors for rent/sale liquidity (Days on Market DOM).

I believe when interest rates do eventually rise (as the fed keeps threatening) the competition will lessen and home sale volume in Austin will align more with the national statistics.

It's already happening, as shown by statistics and anecdotally the sharp increase in the number of BiggerPockets member asking for my help investing there.

I don't have any statistical data on this statement, but I'd wager 80% of people that say they want to be a real estate investor never do their first deal. ( I'm not including people who buy their primary home. ) There's nothing wrong with that, its not for everyone.  

Statistics from RealtyTrac.http://www.chicagorealestatedaily.com/article/20120614/CRED03/120619899/illinois-foreclosures-rise-29-in-may

That's statistically impossible.

Drive neighborhoods, walk into open houses, talk with agents, get a feel for what is selling and what is not, what are the good areas, what is not, get statistics ( from title or agent) on average DOMs (days on market) and inventory levels from 12 months ago, 6 months ago, 3 months ago, and current.

http://bit.ly/29RTEjc I think the margin in the article is statistically insignificant. 5.8% population growth verse 7.8% increase in housing is only a 2.5% margin.  

@Brie Schmidt I didn't know that statistic.