Blogs

Austin is the second fastest growing major metropolitan area in the United States. This Spring 2024 Austin Real Estate Market Update answers two important questions: 1) Are Austin house prices going to crash; and 2) Should clients buy now or wait for interest rates and house prices to drop?

For the first time in 20 years, among the five counties that make up Greater Austin, Travis County was the only one of the five that had more people moving out than moving in. But it was a small amount; approximately 2,500 more people left than entered. In a county of 1.3 million people, that’s less than 0.2%.

In this month's issue we explore:

• Austin residential cap rates and rent as a % of income
• House price ranges during the Great Recession vs. C-19 era
• What is keeping a floor on real estates prices, vis-à-vis, tight lending standards and aggregate household equity
• Buy vs. rent analysis

Also, a table on Austin's tallest buildings and their vintage. Interesting observation, only 2 of the tallest 11 skyscrapers are more than six years old. If a future update, we'll explore commercial vacancies and absorption.

This post has some very interesting graphics and skyscraper images. To see all of them, click here: Austin Market Update - Spring 2024.