The New York Times Calls Us the Hottest Market in the Country

That headline is no joke, in March the New York Times called Austin the "Hottest Market in the Country”. It’s right here, https://www.nytimes.com/2021/03/23/business/austin-real-estate-rebound.html. And things change so fast, they updated the story two weeks ago.

The article, if you’re not logged in to read it, says optimism has replaced despair here. We’ve emerged as a hot spot for commercial real estate investments and as a magnet for out of state corporate relocations, as we continue to strengthen our name as a “high-tech city”.

Truly, it feels like the hottest market in the country, but it actually is. Home values have doubled in a year in many places. Right now, Austin is the #1 place in the United States for potential commercial real estate investments. The influx of new companies shows that 22,000+ jobs were recently added since 2020. And, Austin was one of the cities with the least number of losses during the pandemic.

With tech giants like Apple, Dell, Facebook, IBM and Samsung, the market isn’t set to slow down. Add in giants like Elon Musk’s ambitious plans and we’re so glad to be here! Musk’s 5,000-employee Tesla faculty in East Austin will continue to bring more jobs and more demand for homes here.
And, this couldn’t be more true, "Experts attribute Austin’s counterintuitive economic performance to a number of factors: a stature as an education center and tech hub, a business-friendly climate, an abundance of social attractions and the charming eccentricity that spawned the slogan “Keep Austin Weird.” It’s one of the reasons we think Austin is the best city in the world to call home.

With low taxes and lower regulations, and pockets of the city with even lower taxes, we know the real estate landscape will continue to grow. If you’re interested in buying your next home, your piece of Austin, give me a call or send me an email, I’d love to connect and share why I still think now is a great time to buy. Home prices won’t fall in a city expected to experience so much growth!