Austin housing market expected to survive coronavirus pandemic

[Neil Narayan]

Even though the coronovirus pandemic has had a profound impact on public health and the nation's economy, the Austin housing market is projected to weather the storm, according to a new report released Tuesday.

According to a study by ATTOM Data Solutions, Travis County ranks 457 out of the 483 housing markets surveyed in vulnerability, meaning it is one of the 30 markets expected to be least vulnerable to effects from the coronavirus pandemic. Five Texas markets are projected to be less vulnerable, which include: Harris County, Dallas County, Potter County, Midland County, and Ector County.

https://cbsaustin.com/news/local/austin-housing-market-expected-to-survive-coronavirus-pandemic?fbclid=IwAR3TZ3BVifDArQijrkHJIUYrIF2RskEY7G4_x6aB6owglY8r-LIz8-d_zAk

[Beau Fannon]

I've been seeing a lot of short-term rentals hit the market for sale or as traditional rentals. Hard to quantify the total number but furnished lease offerings have increased 60% over last year. 

Will we survive? Yes. Will things immediately return to the way they were for the past decade? No.