austin real estate
One of the most progressive metropolitan areas in the United States, Austin, Texas, is rich in history, exhibits gorgeous scenery and enjoys a much sought after real estate market. 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.
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. In the mid-1800’s the Texas congress designated this piece of Austin real estate as the State capitol. Waterloo was renamed Austin after the “Father of Texas”, Stephen F Austin who successfully colonized the area with settlers from the United States.
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 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.
Located on the Colorado River and bordered on the west by rolling hills, this picturesque city has quite a few breathtaking views. 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 the sparkling lights of the downtown nightlife to the revered classical structures from past eras, the scenery of many areas in the Austin real estate market are a splendid eye-pleasing experience. 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. This results in a thriving growth of the economy, without the rising costs of inflation, making Austin real estate one of the best investments in America.