Austin Real Estate Market Expanding: New Construction and Who's Buying
Posted by Mary Ann Castro on
Austin seems to be in a constant state of construction. To drive through the city with an eye to the sky, is see dozens of cranes hanging their heavy metallic heads under the weight of their load. You may wonder, what are they building?
Everything. From apartment buildings to residential communities to trendy office spaces, the population of Austin is growing, and the Austin real estate market is literally rising and expanding to the challenge.
Moving to Austin
Any recent graduate of the University of Texas or the nearby Texas A & M University, will be able to tell you, Austin has what many other university towns lack: jobs. With numerous tech companies moving to a tax-free city and setting up shops that are continually expanding, there are job…
2058 Views, 0 Comments
The Austin Business Journal recently published an article about the population of Austin that found numbers are projected to almost double in the next 25 years. However, these kinds of market and population predictions aren't definitive. Some very smart people have crunched their numbers and analyzed the trends, but there are a multitude of factors that can't be foreseen. Predicting population growth isn't an exact science, but it does give us an idea of where trends are heading. Even if the populous doesn't double, do expect to see growth of some kind.
Despite Austin's bustling city streets and urban landscape, it is surrounded by hundreds of acres of farmland, many of which are home to quality produce farms. A day trip to a u-pick Texas farm can be a great weekend activity for Austinites with a passion for fresh, local, and organic produce. An additional perk of harvesting yourself is the fact that there's no shipping! U-pick fruits and veggies are allowed to ripen on the vine for a longer period of time, which often leads to more pronounced flavors. This makes them delicious snacks to munch raw or excellent as part of your favorite recipe.
Austin's economy is booming, resulting in a rise in both the city's population and home prices. While the number of jobs continues to grow, wages have plateaued, meaning some of Austin's lower income earners have become priced out of owning a home. Renting is often not a solution, as rental prices have also increased.
Three Austin Schools have made Newsweek's list of America's Top High Schools 2016. In conjunction with Westat, Newsweek compiled the list of the country's best public high schools using the following criteria:
A new project is looking to revitalize the long-neglected Lone Star Brewery in San Antonio. The old brewery, found in Southtown between Lone Star Boulevard and Steves Avenue, hasn't been in operation since 1996. The revitalization project, headed by Aqualand Development and CBL & Associates Properties, looks to transform the brewery's relics into a state-of-the-art mixed-use development with an emphasis on condos, food, shopping, entertainment, and of course, beer.