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Central Texas growth continues at a record pace. Over the past decade the Austin metro has grown at a rate of around 33%.  That’s about another 550,000 people than 2010.

Apple’s new campus in north Austin continues to move forward.  Tesla’s new site also moves forward rapidly, and Musk has stated that the Tesla HQ will also move to central Texas.

Message: In 1968, Presidential candidate Robert Kennedy and Dr. Martin Luther King Jr. were assassinated, the H3N2 virus had killed more than 100,000 Americans, civil rights and the Vietnam war inflamed protests and riots across many cities in our nation, and North Vietnam had just launched the Tet Offensive. In Q1 of that year, the economy took a nosedive, only to rally by 24% in Q2. Proof that the markets have never had emotion, caring, or empathy.
Many economists are beginning to consider 1968 as they predict how 2021 will advance for America.  If you think that the stock markets are any sort of indicator, they have risen beyond levels attained at any other point in time.  Although supply line disruptions in some sectors continues to be a problem, economic growth continues.

 

Austin Real Estate Market Update: Currently a “sellers” market with less than a month of inventory in almost all regional market segments. The “FOMO” Fear of Missing Out is unrivaled. In fact the developed world all over is experiencing similar real estate markets. Unparalleled in my lifetime!!  So property values in Austin continue to increase.  This trend is continuing throughout 2021, and, as I mentioned before, is not unique to just central Texas.  Some pressure will be relieved by new home construction, but materials inventory and labor remain tight.

 

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