Following up on my last market update, I’m holding firm to what I’ve been sharing: I believe this is the peak year in an up-cycle that has been very robust since 2011. No doomsday here, just a temporary adjustment for a few years that is likely to happen. And, it’s not because of job concerns. Job growth is robust for 2016 at 3.5% (though I do see a drop from the pace of years past). This has everything to do with current affordability.
St. Johns Located in northeast Austin at the intersections to Hwy. 290 and 183 and I-35, and a quick 10 minute drive to downtown Austin, the St. Johns neighborhood is one of the most affordable areas of the city. St. Johns is an older, ethnic community that resembles what Austin’s East side of years past,
Hancock Situated in North Central Austin, and bordering the University of Texas campus, Hancock is a neighborhood that has some great conveniences. Striking the perfect balance between big city living and sleepy and quiet comfort. This place is one of the best neighborhoods if you love to walk, bike, and jog to get around- everything
Deep Eddy (Westfield) East of MoPac/Highway 1 and south of Enfield Blvd., Deep Eddy (also referred to as “Westfield”), is a small centrally located pocket community situated on the shores of Lake Austin. Perfect for residents who desire the convenience of being near downtown but enjoy the feel of a traditional “neighborhood” neighborhood. Deep Eddy