Here are some highlights from the latest Central Texas Housing Market Report released by the Austin Board of REALTORS®:Home sales in the Austin-Round Rock MSA were up 31.5% year over year and up 20% in the City of Austin proper.The median sales price in the MSA was up 12% year over year to $355,000 and up 8% in Austin to $415,000.Inventory remained critically low, dropping 1.3 months to 1.2 months of inventory in the MSA.

Flag star

I'm in Central AR, Little Rock.

I know a local builder, who just had completed his first large multifamily in his own name - 5 star project in a luxury area in the outskirts of Milwaukee.

That facility served as the training ground for TV stars Lucille Ball and Vivian Vance to learn about dipping and packing chocolates for that infamous 1952 “I Love Lucy” episode in which the pair cause chocolate chaos trying to keep up with the conveyor belt.

At one time when Dallas was going bonkers it was getting a lot of the overflow but now things are little more steady in Dallas if anything.If you are investing OOS from NY I would take a look at Birmingham, Atlanta, Indianapolis, St Louis, Kansas City, Memphis, Little Rock, Indianapolis, Greenville, Jacksonville, Tampa, Houston, San Antonio, Little Rock, Milwaukee, Cincinnati, Dayton, Cleveland, Ohio, or other secondary or tertiary markets.

The stars will stick out.I have sent buyer and seller leftover leads to realtors and at least 7/10 will drop the ball or blame the "bad leads" but that one or two or MAX three out of 10 will turn dust into diamonds. 

Birmingham, Atlanta, Indianapolis, St Louis, Kansas City, Memphis, Little Rock, Indianapolis, Greenville, Jacksonville, Tampa, Houston, San Antonio, Little Rock, Milwaukee, Cincinnati, Dayton, Cleveland, Ohio, or other secondary or tertiary markets.How can I make sure I don't overextend myself if things go south?

I certainly wouldn't reduce rent in a hot market unless she were an absolute rock star.

It is a great market for out of state buyers due to the rockstar property managers, contractors, Realtors, and lenders we have here.