Austin experiences growing pains as one of America’s hottest real estate markets

“March through June, we had 19 buyers that came that were up to $20 million,” he told correspondent Janet Shamlian.

Laid-back and long known for its food and music scene, the capital of Texas has become one of the fastest-growing cities in the nation.

Since the pandemic started, city leaders said, the flow of people moving to Austin has turned to a flood.

Noe Elias has one, too, along with a million-dollar view from his home in the low-income neighborhood where he’s lived for decades.

Realtor Shiflet said that even when buyers can afford a home they love, it’s become hard to seal the deal.

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