Austin Property Prices – Where Are We NowPosted by Monte Davis on
There is no questioning that Austin’s property prices have become quite expensive. However, there is reason to question whether or not those in the market for homes should find this so upsetting. When investors and homebuyers can get beyond the sticker-shock and take a look at the reasons behind the higher cost of real estate, those prices can become much more reassuring than disconcerting.
Over the past several years, Austin’s many thriving industries have resulted in major population growth, and therefore, real estate demand. Just last year, Austin's population exceeded the two million mark and is projected to go as high as 3.2 million by the year 2030. According to The Chamber's monthly Economic Indicators report, Austin is experiencing a 4.0% job…
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