Austin Real Estate Market: What to Expect in The Second Half of 2024

In this video, we explore the trends and predictions for Austin's real estate market for the rest of 2024. We'll look at what's driving property values, which neighborhoods are up-and-coming, and what experts think will happen next. Whether you're looking to buy a home, invest, or just curious about Austin's housing market, this video has useful information to help you understand what's ahead. Don't miss out on these insights into one of the country's most exciting real estate markets!
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Did you know that different news sources have conflicting reports about Austin? While Forbes Homes claims that people are moving in, MySA reports that residents are leaving in droves! Now, the real question is, who should you believe? Dive into this video to see for yourself.
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Here are Austin's price trends since 2014:
Summer 2014: $241,000
June 2019: $338,000 40 % Increase
May 2022: $574,000 70 % increase
Jan 2024: $522,000 10 % Decrease
Let's talk about some numbers and why we don't think there will be a Crash in Austin.
The tech industry's expansion, Austin is the new Silicon Valley
Apple + Tesla + Oracle 4 Trillion. The whole oil and gas industry is 5 trillion
Samsung is another 500B, Google 2.1 Trillion
The job market in the state
Texas Job opening in Feb 750,000 Vs. Illinois 360,000, Pennsylvania 380,000
limited housing supply, for the high demand from out-of-state buyers
38000 new home permits vs 50,000 people moving in 2023
ongoing construction projects, which means More jobs in the future
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Thank you for watching our video!
Arttemis & Mehrshad are Licensed Real Estate Advisor specializing in New Construction Homes, Luxury, Listings & Relocation in Austin TX. Thinking about moving around to the Austin area? Reach out... we love what we do!
📲 Call/Text Direct at 512-731-5290
📲 Email: [e-mail]
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[@austincitybrothers]

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[@kimw.5369]

Austin is ridiculous but untapped 🙃

[@billyflanagan9657]

All the Loser's will be priced out. It's a big vicious circle