All Forum Posts by: Neil Narayan

Kyle is already in multiple offer situation. 

The outlook for 2021 is similar to 2020 and teh prices will continue to rise. If you wait you will likely pay a higher price but hopefully at some point we will get some relief on inventory and you may have more options to choose from albeit at a higher price. 

It's only Feb and here is a long list of companies that have already moved their HQ to Austin :|

https://www.bizjournals.com/au...

You won't be able to file homestead for your new home until next year

@Robert Eyers can help you out

RR I was able to lease out in a day (last week), further out areas take a bit longer

@Stephen James all those areas bids have been 15-20% over list and it's still been difficult to land a property. There is just no inventory. 

Rent increases are always slow and steady as the opportunity to raise rents are typically once a year and you don't want to run off your tenant with a huge rent increase. Rents in Austin have doubled over the last decade or so.

Round Rock is definitely not any better :/ 

Cedar Park, Leander and Pflugerville are pretty much in the same boat

Developers have plans for an unprecedented number of downtown high-rises — so many that the Austin skyline will be nearly unrecognizable in the near future.

Builders are bolstered by news that Austin ranked as the most recession-proof large city in the U.S. They’re emboldened by the fact that corporate relocations are coming at record levels. And they’re giddy that 2021 is expected to be a banner year for population growth, with experts projecting the Austin housing market will be the nation’s hottest in 2021

In the middle of it all is Austin’s Central Business District — downtown. We decided to take a fresh look at all the towers either going up or firmly on a drawing board. ABJ estimates there are at least 43 towers planned or being worked on downtown or just outside it, up from the 37 we counted about 10 months ago just before the pandemic took hold.

https://www.bizjournals.com/au...