Austin Business Journal predicts that an average of 170 new people will move to Austin every day throughout 2018, which means 62,000 plus new residents over the course of this year.
The area has a perpetual allure that draws more and more families from across the country to call Austin their home.
As the basic laws of supply and demand would predict, our popularity has resulted in years of appreciating real estate values. For those in the market to live in or around downtown Austin, these growing home costs come with clear pros and cons.
In one regard, appreciating values mean a healthy real estate investment opportunity. On the other hand, rising costs mean there’s a growing financial barrier of entry for families in the market to buy central properties.