Homebuilding is booming in Austin — and the action is centered in outer suburbsPosted by Grossman & Jones Group on
With Tesla's factory supercharging the Austin housing market, experts say the far-flung reaches of the metro stand to benefit as well.
“In an already hot real estate market, it’s turning it up to broil," said Vaike O'Grady, Austin regional director of housing market research company Zonda, formerly known as Metrostudy.
The construction of Tesla's $1.1 billion gigafactory is having an effect on housing from Georgetown down to San Marcos, O'Grady said. Realtors have said employees of the electric vehicle company are already scouring the metro for homes. In one example, a Tesla employee sought a home for less than $750,000 on the west side of Georgetown, learning along the way that Central Texas sellers don't need to haggle.
In another, a Tesla…
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