austin real estate
One of the most progressive metropolitan areas in the United States, 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.
The first inhabitants of the area now known as Austin, were Native Americans, primarily the Comanche and Apache tribes. Later in the 1830’s the area was settled by white Americans and named Waterloo. The area became popular and in the mid-1800s, the congress of Texas appointed the Austin real estate as the Capitol. Waterloo was renamed Austin after the “Father of Texas”, Stephen F Austin who successfully colonized the area with settlers from the United States.
Historically, Stephen Austin was actually the first Austin real estate agent. He was entrusted with a land grant from the Mexican government to colonize Texas. 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. 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. 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. Showing off the beauty of the riverfront businesses and the sparkling lights of the downtown nightlife to the magnificent historical sites, 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.
The Austin real estate market has seen phenomenal growth, from the 1800s and into the 21st century. 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.