One of the most progressive metropolitan areas in the United States, Austin, Texas, has a rich history, beautiful landscapes, and one of the most active real estate markets in the country. Austin is home to nearly three quarters of a million people and is nestled inside a booming metropolis of over one and a half million citizens, 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. In the 1830s, white Americans settled here and named the city, Waterloo. The area became popular and in the mid-1800s, the congress of Texas appointed the Austin real estate as the Capitol. Waterloo was renamed Austin after the "Father of Texas", Stephen F Austin who successfully colonized the area with settlers from the United States.
Historically, Stephen Austin was actually the first Austin real estate agent. Austin's commission was to bring people from other areas to colonize the region. He advertised this opportunity, stating that the land was available along the Brazos and Colorado rivers. The original cost of Austin real estate at the time, was sold for about 12 cents an acre.
Aside from the fantastic scenery of the Colorado River, Austin offers fantastic views of the countryside. Standing on the outskirts of downtown Austin, one can see the grand pinnacles of the city's buildings reaching for the sky, draped by the beautiful horizon in the background. Flaunting its gorgeous riverfront locations and exciting lights of the nightlife in downtown to the magnificent historical sites, the scenery of many areas in the Austin real estate market are a splendid 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. While most of the USA is experiencing a downturn, the Austin real estate market is booming and has even captured the attention of many foreign investors.
The Austin real estate market has seen phenomenal growth, from the 1800s and into the 21st century. Every decade for the last 50 years, has seen an increase of at least 30% in population, while the per capita and median housing costs have stayed relatively in line with the rest of the nation. The growth factor without the inflationary factor makes the economy of the Austin real estate market a wise investment.
