Market Trends2021-05-25T20:29:11+00:00

What’s Happening in the Housing Market – Q2 2022 Market Update

Q2 2022 ended with Austin being a top 5 market nationwide in terms of strength and low inventory but definitely seeing tempering due to equities markets pulling back, interest rates rising from 3.5% to 5.5% and inflation.  At The Morshed Group, starting in Q4 of last year, we were letting clients know 2022 would be the year things finally cooled.

North Austin Skyline set to Boom with New Developments by 2025

By 2025, over 8 new development properties, many of which are investments over $1B, will be fully finished and functioning. The region will soon be home to not only new offices for tech giants but also hospitals, multifamily buildings, entertainment plazas, hotels, and more. All of these new businesses, and jobs, will make the real estate market boom in that area. If you’re looking for the latest hotspot to invest in, look to North Austin.

5 Important Developers that will Change Austin’s Landscape

The current Austin real estate market is a builder’s one due to a construction boom. According to the Texas Real Estate Center at Texas A&M University analyzing data from the U.S. Census Bureau, the number of new homes that received permitting and are under construction so far this year is 11,165. This construction boom includes single-family homes as well as multifamily rental communities in Austin and its surrounding suburbs.

Austin is now the Hottest U.S. Job Market

The Austin job market has received many well-deserved accolades recently, including the best-performing job market among the 50+ metro areas with at least one million residents in the Wall Street Journal. Austin ranked first for job growth and share of adults working or looking for work, third for change in the size of the workforce, fourth for change in average weekly wages, and 17th for unemployment rate. Additionally, personal finance content website WalletHub, named Austin No. 5 for the best cities to find jobs in 2022.

Update: Q2 Stadium Effects on North Austin Real Estate

As a follow-up to our article earlier this year on the Q2 stadium opening, the North Burnet/Gateway area has seen continued dense housing, commercial, retail, and office developments take shape.  Additionally, some affordable housing and hotel development are in the works. The completed Q2 Stadium has proven to be immediately impactful in this area’s growth.

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