February 2020 Austin Market Update

Posted by Israel Gutierrez on Saturday, February 22nd, 2020 at 8:46am.

TCAD is Stalling, but Austin is On Fire!

Hustle & Bustle Downtown Austin       

Whoah! 2020 has really started with a bang. If you watch the headlines there are new developments at almost every turn. The "real" Domain is almost unrecognizable when you compare what it looked like two years ago to what it looks like today, and Austin FC is only going to promote more change in the area. Corporate business growth is also causing prices to spike and inventory to shrink all across the metro. All the big players are involved in the real estate game including companies like Apple, Amazon and maybe even Tesla? Apple is buying up real estate near it's soon-to-be expanded campus and new announcements from Google and Amazon will continue to push the market in the North Austin tech corridor. Don't be surprised to see more corporate development East of 35 as well. Real estate is more affordable and easier to build on East of 35 and it should be attracting some major players soon. The biggest highlight especially for buyers of both personal homes and real estate investors alike, is the availability of amazingly low mortgage rates. Investment rates below 4% is nuts! With inventory at such a low rate, it is tough to get into a home depending on where you're looking, make sure you get the guidance you need when finding your next home or investment.

Here's a quick breakdown of the state and a summary of what the market looks like after the super-fast start to 2020.

If you have questions about mortgage interest rate or what your property tax scenario will look like this year, don't hesitate to reach out to us. You can also call our office at (512) 299-3809 or message us on FacebookInstagram, or Twitter. Bring on Springtime! 

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