Austin Real Estate January 2020 "OFF TO THE RACES"
by Gay Puckett
on Wednesday, January 15th, 2020 at 11:15pm.
The Austin real estate market continues to be red hot. Builders will build close to 19,000 homes in 2020, up from 18,000 in 2019. Job creation has been 29,000 new jobs in 2019.
Quoting principal of 360 Real Estate Analytics, Eldon Rude, " If job growth remains at levels we have seen in recent years, I don't see anything on the horizon that will slow the robust demand in the region in recent years."
Amazon is building a 3.8 million square foot distribution center NE of Pflugerville off Toll Road 130 that will be four times larger than their current one in San Marcos. Amazon is also pre-leasing two new buildings being built in The Domain area.
So if you haven't thought about the real estate as a wealth-building vehicle yet, stay tuned. The median price in Central Texas jumpte 25% in the past five years.
I'm here if you want to explore this. 512-917-1542 email@example.com