Apple’s newest Austin campus will be located less than a mile from its existing facilities in the northwest part of the Texas capital. Even prior to the announcement, real estate prices – both residential and commercial – have been on an upward trajectory in the Austin area in recent years. He purchased his three-bedroom, two-bathroom home that backs onto Riata Trace Parkway, where the existing Apple campus is located, in 2007 for $157,000. “Because Austin is quickly becoming an overpriced San Jose, California, as far as real estate goes.”Overall, though, she is optimistic about Austin real estate sales but believes the increased pressure on the real estate market due to higher valuations and property taxes will force homeowners on fixed incomes to sell. Meanwhile, Realtor and investor Lucy Tschirhart of All City Real Estate believes the news will prove to be a strong selling point.

Source: Forbes December 18, 2018 16:18 UTC