Buying In A Buyers Market.
My sister's house in Austin, Texas was purchased 3-4 years ago for 120k. It is a 3br 3bath 2-story house. When she moved to Dallas a year ago it was appraised for 140k. Now recently she had it appraised for 120k. So it seems Austin is a buyer's market with home prices so low. Would this be a good time to buy up some investment properties in this area. From what I understand Austin overbuilt in the 90's riding the internet bubble but when it burst so did the need for the houses. I currently live in NJ where it's def a sellers market and seems a bit intimidating to get started in REI. Any advice on Austin area would be great. Thanks
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