Austin’s Hot Housing Market & Burned-Out Buyers

Austin is primed to become the biggest boomtown in the U.S., and right now is a perfect storm for extraordinary growth. Austin continues to experience an influx of jobs as major tech companies like Apple, Oracle, and Tesla are setting up operations in the city.

The city is quickly becoming one of the hottest housing markets in the U.S., and housing inventory can’t keep up. In 2021, there is only 0.9 months of supply in the Austin real estate market at any given time, and listings typically only last on the market for 29 days on average. By 2022, Zillow predicts Austin home values will rise 18%.

It is also becoming increasingly difficult for individuals to invest in Austin real estate. Listings often sell for 15%-20% more than the asking price. It can be challenging to be a competitive buyer without preparing all-cash offers and participating in time-consuming bidding wars. Each listing will receive over 50 and even 100 buyer’s offers.

Ark7, a fintech startup founded by ex-Googlers and featured on Product Hunt, lets you buy property shares in Austin properties. From tax benefits to monthly passive income, Ark7 is here to help you access all the perks that real estate investing has to offer. Ark7’s Austin single-family properties are all located in hot areas and are expected to appreciate by 12.49% on average. Just pick a property and invest in shares starting at as low as $5.40.

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