Austin Ranked #1 and #4 in Emerging Trends in Real Estate 2024

Austin's housing market has been making waves on a national scale, and it continues to stand out.  The Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC) recently released their "Emerging Trends in Real Estate" report for 2024, placing Austin at #1 for home building prospects and #5 overall out of 80 total cities.

“Despite the economic headwinds and the challenges obtaining credit, there are opportunities available for high-quality properties that meet the needs of today’s investors and tenants.  Firms must learn to adapt their growth strategies to succeed in this period of higher for longer interest rates.” Andrew Alperstein Partner, Real Estate, PwC US

Experts said, ““We think it will take until 2024 for an uptick in transaction volume, but it will come. It won’t necessarily hinge on a lowering of interest rates by the Fed. It could happen before then as people get used to the new higher rates and start to transact again."

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