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. This city of more than 740,000 is the economic and cultural center of a much larger metropolitan area to more than 1.5 million residents, that continues to grow with continued investment in the Austin real estate market.
Native Americans, like the Apache and Comanche, were the earliest people to reside in what is now known as Austin. In the 1830s, white Americans settled here and named the city, Waterloo. The area became popular and in the mid-1800s, the congress of Texas appointed the Austin real estate as the 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. The Mexican governmanet bestowed Austin with a land grant in an effort to populate the area. Austin’s commission was to bring people from other areas to colonize the region. He advertised this opportunity, stating that the land was available along the Brazos and Colorado rivers. The original cost of Austin real estate at the time, was sold for about 12 cents an acre.
Aside from the fantastic scenery of the Colorado River, Austin offers fantastic views of the countryside. The street view from just outside downtown Austin allows one to virtually see for miles with the flat lay of the land and majestic building complexes reaching skyward. Flaunting its gorgeous riverfront locations and the sparkling lights of the downtown nightlife to the revered classical structures from past eras, Just as settlers of more than two centuries ago came to explore this new region, people of this era rea finding a new home in the brisk Austin real estate market. While most of the USA is experiencing a downturn, the Austin real estate market is booming and has even captured the attention of many 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, while the per capita and median housing costs have stayed relatively in line with the rest of the nation. The growth factor without the inflationary factor makes the economy of the Austin real estate market a wise investment.