The South by Southwest Film Conference and Festival is the one event in Austin where you can find Ashton, Demi, Pee Wee Herman and I all in the same place. SXSW brings worldwide attention to Austin, as 175,000 people from all over the world converge on this great city to take in music, film and interactive technology from video games to social media.
Austin in the Spotlight
South by keeps Austin in the spotlight for the progressive city that it is, which is always good for job growth and real estate. Some participants left Japan to come to Austin just days before the earthquake. Many events for the festival have re-branded themselves to bring awareness and raise money for Japan
The Zilker Park Kite Festival recently took place as well. Celebrating its 83rd year, Austin holds the honor of having the longest continuous kite festival in the United States.
Of course, some Austinites would rather get away from the downtown area, which hosts many of the SXSW events. For those who would like a change of pace, Austin is currently hosting the Texas State Fair and Rodeo as well.
Austin Real Estate is Rocking
What am I seeing out there? Inventory is low in many area of Austin, which means it’s a Seller’s market. Buyers need to have a good idea what they can (or want) to afford before they start looking. The lease market is also extremely low right now, as some buyers have converted into tenants because they can’t qualify for a loan or don’t have a downpayment.