The Austin Housing Market: Your Problems Solved
The Austin housing market is hot. And it doesn’t show any sign of cooling off in the near future.
There are a lot of factors behind the current population boom and the seller’s market it has created. We’re not saying it’s ONLY because of all the people moving here from California… we’re just going to heavily IMPLY it.
Obviously, the situation is far more complex than that. Lower interest rates, the effects of the pandemic, an expanding economy, and a number of other variables all contribute to the increasing home prices.
This has left many people scrambling to find any kind of temporary housing situation to either wait for the prices to come back down or hope against hope for a house to become available that actually fits their budget and their needs.
Either way, this has left a lot of people with no other option but to wait. And while that’s not ideal, waiting may be a better option than getting into a house that doesn’t meet your needs at all and traps you in a house you don’t really want.
But waiting has its own complications. Should you get an apartment while you wait, potentially getting locked into an unbreakable contract? Should you move in with friends just to see how long that friendship will really last?
There is another – and better – option.
But first, let’s take a closer look at the Austin housing market so we can approach the situation more carefully.
Austin’s Current Market Situation
The good thing – if you can call it that – is that the current seller’s market is not due to a housing bubble. The average sales prices are hitting all-time highs, but this seems to be because of legitimate demand, and the simple fact that supply isn’t keeping up.
Unfortunately, this has sent the median sale prices for homes to all-time highs, and so far, there still does not seem to be any signs that the market is experiencing a bubble that is about to burst. (This article has a lot of great information about the exact real estate numbers.)
This means that construction companies are working hard to keep up with demand, but it just isn’t fast enough.
And this isn’t just confined to Austin. The cities in the Austin region are seeing some of this spill over into their areas, which is setting more records for high prices and growth.
There could be a number of factors contributing to this extreme growth – from Elon Musk’s Tesla manufacturing plant coming to Austin or the simple beauty and culture in the city – but whatever the reason, it has left a lot of potential homeowners feeling a lot of anxiety.
So, what are your options?
Austin Corporate Housing and Relocation Housing
This may be the time to look at some alternative housing solutions while you search for a home that meets your needs and fits solidly in your budget. Consider these two options:
Corporate housing in Austin – The current job market in Austin is one of the top draws to the city. Major corporations are setting up HQs and manufacturing plants in the area, and with that comes the personnel to staff those new expansions.
This means that a lot of new people need a lot of new housing – but they may not need it for long.
Fully furnished corporate housing solutions make it possible to send employees to Austin and ensure they have a comfortable, safe place to live while they either a) complete their temporary assignment or b) find more permanent lodgings.
Relocation housing in Austin – If you know that you are permanently relocating to Austin, but you don’t know if you’ll be able to find a home in a convenient location and at a reasonable price, you can take advantage of our relocation housing.
These are ideal for people who need to relocate NOW (for school, work, or while renovating a home), but need some more time to find the perfect place.
These fully furnished apartments have everything you need to live comfortably until you find a different living solution. We providing housing options in Austin that are convenient, filled with amenities, and offer some very flexible lease terms.
Explore Your Options in a Crowded Market
Relocating is stressful enough. Relocated to a city that is struggling just to catch up to the housing demand can be extremely frustrating.
Don’t let that frustration cause you to make impulsive decisions. You don’t have to make an offer on the first house you see because you’re afraid you won’t have a chance for another.
These housing alternatives in Austin make it possible to relocate to the city and get your job or your school started while you take your time and find the right house for you and your family.