Austin Texas Real Estate
About Austin
You probably already know Austin as the Live Music Capital of the World, and certainly as Silicon Hills, recognized for being a high-tech gathering place for professors and professionals. There is a culture of excellence here in the state's capital, where politics (a little more balanced than in the rest of Texas) are of interest to everyone, and even vagrants find time to show up at city council.
Austin Texas real estate is on the Colorado River 230 miles north of the border, in Central Texas Hills Country. The limestone hills begin in the western part of the Austin real estate area, where some of the most impressive neighborhoods overlook the city, just some of many luxury communities in the Hill Country.
Austin Real Estate in the 21st Century
The technology recession of 2000/2001 was detrimental to the Austin economy at the time; however, just as most Austinites predicted, the markets bounced right back. Most commentators agree that this market stability is due to the city's general appeal: The climate and geography foster good aesthetics and lifestyles, the degrees of education and high-tech training attract burgeoning corporate entities, and the lively social atmosphere keeps things exciting for celebrities and suburbanites alike.
Austin houses are currently priced lower than the national median by almost $50,000. While it's possible to be deceived by these statistics (it would be more revealing to look at individual neighborhoods' stats), the fact remains that Austin-Round Rock is a very affordable metropolis to settle into. Austin houses for sale certainly represent a more feasible investment or relocation option for the many professionals who choose to work from here, rather than in California or other high-tech regions.
Austin Neighborhoods
There is a lot of luxury in Austin, whether it's tucked into inconspicuous corners of downtown or displayed prominently on the hills for everyone to admire. Upscale living is largely centered around Hyde Park, Travis Heights, Fairview Park, Weslake, Tarrytown, Enfield and Pemberton Heights.
Austin Real Estate Investment
The investment market for Austin single-family homes is in a kind of limbo right now. While buyers still enjoy the prospect of significant appreciation, fewer investors have the capital to navigate the widening gap in cash flow that follows rising sales values, higher interest rates and stagnating rent prices. With the withdrawal of these less dedicated buyers, those who have already bought their properties will benefit from rising rents in the coming years, as there is a slowdown in the supply of new rental homes in Austin.
