To move or not to move… and when? These are the questions my wife and I are pondering these days. All around Austin, just about every spare tract of land is marked for development. A new billion-dollar Apple campus here… Tesla gigafactory there… Giant mix-use office and commercial developments down the street. Take a drive out of city limits, and there’s houses springing up all over the hill country like wildflowers. This may sound exciting, but there’s just one problem… Locals like us who are looking to move are getting priced out of the market. Homes in our area are… Read More
To move or not to move… and when? These are the questions my wife and I are pondering these days. All around Austin, just about every spare tract of land is marked for development. A new billion-dollar Apple campus here… Tesla gigafactory there… Giant mix-use office and commercial developments down the street. Take a drive out of city limits, and there’s houses springing up all over the hill country like wildflowers. This may sound exciting, but there’s just one problem… Locals like us who are looking to move are getting priced out of the market. Homes in our area are routinely selling for 15% above asking price or more. This has made it tough for folks like us… after all, how do you compete with someone moving here from California who’s making an all-cash offer? Chalk it up to the warm weather, the low taxes, the barbecue, or maybe all three (and more). But they’re coming here in droves. And our little corner of the Lone Star State isn’t alone in this… home prices are gaining steam everywhere. There are a few key factors driving up home prices. And people moving from one place to another is just one of… Read More