One of the fastest growing cities in America, Austin, Texas, has a rich history, beautiful landscapes, and one of the most active real estate markets in the country. This city of more than 740,000 is the economic and cultural center of a much larger metropolitan area to more than 1.5 million residents, that continues to grow with continued investment in the Austin real estate market.
The first inhabitants of the area now known as Austin, were Native Americans, primarily the Comanche and Apache tribes. Later in the 1830′s the area was settled by white Americans and named Waterloo. The area became popular and in the mid-1800s, the congress of Texas appointed the Austin real estate as the Capitol. In the declaration, the congress changed the name from Waterloo to Austin in honor of Stephen Austin, also known as the ‘Father of Texas’.
Historically, Stephen Austin was actually the first Austin real estate agent. Austin brought settlers from other parts of the USA to settle in this new territory. Advertising in Louisiana and other nearby states to bring people into Texas, he extolled the many benefits of the area and offered a reasonable price for settlers. The original cost of Austin real estate at the time, was sold for about 12 cents an acre.
Located on the Colorado River and bordered on the west by rolling hills, this picturesque city has quite a few breathtaking views. The street view from just outside downtown Austin allows one to virtually see for miles with the flat lay of the land and majestic building complexes reaching skyward. Flaunting its gorgeous riverfront locations and exciting lights of the nightlife in downtown to the revered classical structures from past eras, the Austin real estate landscape and vistas are a non-stop eye pleasing experience.
The Austin real estate market has again opened up wide, this time for ‘settlers’ of the 21st century. Just like nearly 200 years ago, the area is enjoying an upbeat and brisk real estate market. Even though most of the country has experienced a slow decline in property transactions, the Austin real estate market is seeing another increase in interest and buying, even from foreign investors.
The Austin real estate market has seen phenomenal growth, from the 1800s and into the 21st century. The average population has expanded more than 30% every decade since the 1950′s, even though the cost of living has maintained the same average as the rest of the United States. This results in a thriving growth of the economy, without the rising costs of inflation, making Austin real estate one of the best investments in America.
