Real Estate News & Current Events

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Jacob LeBar
  • Real Estate Agent
  • Austin, TX
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Future of the Austin market

Jacob LeBar
  • Real Estate Agent
  • Austin, TX
Posted Apr 20 2023, 07:05

In your opinion, how do you anticipate the market in Austin & surrounding areas will be impacted by major corporations such as Samsung and Disney moving into the area over the next 3-5 years?

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Jack Tulloch#2 Bankers, Lenders, and Mortgage Brokers Contributor
  • Lender
  • Austin, TX
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Jack Tulloch#2 Bankers, Lenders, and Mortgage Brokers Contributor
  • Lender
  • Austin, TX
Replied Apr 20 2023, 07:23

Increased demand for housing and commercial real estate, higher home prices and rents, and overall economy growth

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Replied Apr 20 2023, 07:28

It will drive the hose prices up, but realize the local government is an AGGRESSIVE TAX HOG, and that will impact the values downward somewhat compared to California where the taxes are frozen from day one of purchase.

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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
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Jordan Moorhead
  • Real Estate Agent
  • Austin, TX
Replied Apr 20 2023, 08:08

It's going to continue to grow, this next year or two will be rough with high rates and taxes I think

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Aaron Gordy
  • Real Estate Broker
  • Austin, TX
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Aaron Gordy
  • Real Estate Broker
  • Austin, TX
Replied Apr 20 2023, 15:31

Austin has alot of multifamily construction going on presently. It will be interesting to see how it plays out. Austin still has a ton of people moving here all the time.  Retail is hot and will continue to be hot. Office is not! Industrial is okay. 

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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
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Eliott Elias#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Investor
  • Austin, TX
Replied Apr 20 2023, 17:01

Austin will suffer in the short term, but we’ll see tremendous growth long-term. There are a lot more exciting things than Disney and Samsung moving to Austin.

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V.G Jason
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V.G Jason
Replied Apr 22 2023, 14:33

Next 12-24 months will be rough, but after that it's going to be the hottest city in the country.

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Tyrell Proby
  • Investor
  • Scottsdale, AZ
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Tyrell Proby
  • Investor
  • Scottsdale, AZ
Replied Apr 24 2023, 07:43

These large corporations are expected to create new jobs, attract highly-skilled professionals, and drive economic growth. This could result in an increase in demand for housing, services, and infrastructure development in the area. Additionally, their presence could lead to an increase in business development, as smaller companies may want to set up shop near them to take advantage of business opportunities.

Lets just hope we figure out this Public Transportation problem !