Austin RE market next 6-12 months?

[Jan Kutrzeba]

Austin has been a hot market for a long time. What are your thoughts on COVID affecting its real estate market? The residential inventory is very dry atm. A lot of ppl in Austin have high paying tech jobs that haven't been as affected as many other sectors & markets. A lot of out of State money still keeps pouring in. Thoughts? 

[Jordan Moorhead]

@Jan Kutrzeba I don't think so. Also I don't think if they are that they'll be at low prices just because of the high demand. Tesla announced it's moving in today too. For houses to sell at low prices there needs to be an excess of inventory over the demand to buy, I don't see that happening in Austin at all, maybe other parts of the country but who knows? I know I don't. I'm betting on Austin for the long run with the tremendous growth and awesome quality of life. It got #1 on USN list again for best place to live in the US. What I'm saying is I think Austin is a diverse enough economy with lots of demand to live here from tech, university, government, medical and manufacturing industries to name a few. We are not NYC, that's for sure and that's why I get calls from people out of San Fran and NYC wanting to move to Austin every day.