austin real estate
One of the fastest growing cities in America, Austin, Texas, has a rich history, beautiful landscapes, and one of the most active real estate markets in the country. Austin is home to nearly three quarters of a million people and is nestled inside a booming metropolis of over one and a half million citizens, and continues to thrive as outsiders see the potential in the Austin real estate market.
The first inhabitants of the area now known as Austin, were Native Americans, primarily the Comanche and Apache tribes. In the 1830s, white Americans settled here and named the city, Waterloo. In the mid-1800’s the Texas congress designated this piece of Austin real estate as the State capitol. In the declaration, the congress changed the name from Waterloo to Austin in honor of Stephen Austin, also known as the ‘Father of Texas’.
In theory, Stephen Austin was the first Austin real estate agent. He was entrusted with a land grant from the Mexican government to colonize Texas. Austin brought settlers from other parts of the USA to settle in this new territory. Advertising in Louisiana and other nearby states to bring people into Texas, he extolled the many benefits of the area and offered a reasonable price for settlers. Austin real estate was sold for about 12 cents an acre to families, farmers, and ranchers.
Aside from the fantastic scenery of the Colorado River, Austin offers fantastic views of the countryside. Standing on the outskirts of downtown Austin, one can see the grand pinnacles of the city’s buildings reaching for the sky, draped by the beautiful horizon in the background. Showing off the beauty of the riverfront businesses and exciting lights of the nightlife in downtown to the magnificent historical sites, the scenery of many areas in the Austin real estate market are a splendid eye-pleasing experience. Even though most of the country has experienced a slow decline in property transactions, the Austin real estate market is seeing another increase in interest and buying, even from foreign investors.
A market that never has slowed for the last 200 years, Austin has witnessed amazing growth. Every decade for the last 50 years, has seen an increase of at least 30% in population, even though the cost of living has maintained the same average as the rest of the United States. The growth factor without the inflationary factor makes the economy of the Austin real estate market a wise investment.