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The state, which saw an overall population growth rate of 5.4% from 2010 to 2013, is seeing growth spikes as high as 9.2% in Austin, as millennials continue to flock to cities. In a state overflowing.
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mortgage rates could hit 6 percent next year, which could spark even more sales, according to Richard Barrington of moneyrates.com. Not every housing market will experience this upswing, though.
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Austin is a tech hub, the state capital and home to the University of Texas. It’s no surprise that the city is growing rapidly. The surging population needs places to live, and plenty of mortgage.
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