It seems like everyday Austin Luxury Realty is reporting about another highrise building going up in Austin. Even as Austin has just been named “The Most Expensive City To Raise A Family.”
Dallas has experienced one of the biggest turnaround in the local housing market in decades. Compared to March 2012, there has been a 55% increase in condo and townhouse sales in North Texas.
Real estate agents say a combination of low mortgage rates and rising apartment rents are increasing the demand for condos and townhouses in the DFW area.
One real estate agent noted that properties were being purchased by empty nesters and professionals with “about half of them being paid for in cash.”