That’s the real magic question. I look at Seattle the same way. Both places are tech alternatives to SV that don’t have state income tax. Both have much cheaper home prices. I think Austin is cheaper, since it can sprawl bigger. Seattle has limitations due to geography.
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I have forgotten my thermodynamics 
even though I got A+
Date of article Jun 28, 2021.
Currently, the months of supply is just 0.6 months, which means at the current pace of sales it would take only 5 weeks for the supply to dwindle to zero.
Active listings dropped 70.9% year over year to 1,739 listings, demonstrating how quickly homes are going under contract.
According to Realtor.com, in May 2021, the median listing home price in Austin, TX was $600K, trending up 32.1% year-over-year .
These trends are echoed in all the five counties of the Austin-Round Rock Metro. Williamson’s median price rose 50% to $435,000 while its housing inventory declined 1.4 months year over year to 0.4 months. Bastrop’s median price increased 24% to $321,250 while its housing inventory decreased by 2.7 months to 0.6 months. Likewise, Hays County’s median home price increased 42.5% to $380,000. In Caldwell, the median home price increased 26.9% year over year to $239,900.
I live in Williamson County
NeighborhoodScout’s data also shows that Austin real estate appreciated 102.01% over the last ten years, which is an average annual home appreciation rate of 7.28%.
Going forward, I believe long term appreciation rate is 6-8% same as for BARE.
Most of equilibrium points are result of dynamic forces. For example , if the population of a town is fixed, it means number of births, numbers of deaths, numbers of emigration and number of immigration all add up to 0.
Therefore, to understand the equilibrium point, we need to understand the underlying forces.
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Austin is expected to double its population in about 30 years and is highly innovative. Tons of young people are flocking there, multifamily real estate is going to sky-rocket
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Hi @Jaclyn_Smith , What is driving the economy of Austin? What is attracting people? Hightech, Energy, Medical? Do you have an idea of where the people are coming from? I cannot believe all of them are from California.
I read an article that Rhove. com posted and Austin, TX was their #2 out of 7 hottest markets to watch for CRE investing. They’ve got a lot of VC-backed startups and STEM job growth which has spurred a lot of young people to move to the city. Super interesting read!
can you point to the article?
Oh I’m not saying he’s wrong, it’s just something I found during my own research
Tahoe market is hot. Basically a subset of Reno.
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Out of the top 20 zip codes where people are moving to from SF, 19 are in CA and @15-17 are in the greater SFO Bay Area. Austin is #20 in that list and the only one outside CA.
Outside greater Bay Area the top places in CA ppl moving to are Truckee, Tahoe, Sacramento region,San Diego etc.
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This possibly can mean that Austin is attracting a lot of people from states other than California. Most of the people who could have come to California are possibly going to Austin.
This seems to supports my earlier thesis that 99 corridor cities (manteca, merced, modesto etc) can be a good place to park money when market corrects and price and rents align well.
I was comparing the price of the latest (almost same) house to mine sold recently TO my refinance appraisal value 1 year back. Price appreciation is @29%.
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Month? From Feb to now, price changes very fast.
June