AUSTIN - The Urban Land Institute released its “Emerging Trends in Real Estate 2017” this week.
The survey incorporates rankings and opinions from 1,500 professionals involved in the real estate business.
Now, however, the city’s track record indicates that Austin is for real—a solid investment market with an increasing number of opportunities, despite warning flags raised about the hot housing market.
Austin drops considerably when it comes to opportunities for homebuilders. In that sector, the Austin area ranks No. 11, possibly reflecting the escalating costs of land, labor and development.
According to the report, Austin’s reputation comes at a price — with major transportation challenges tempering enthusiasm. Other factors of concern? The increasing costs of doing business and housing.
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