The real estate market is beginning to heat up once again. Kiplinger named Austin the best city for small businesses in 2010 and Business Journals named Austin the number one city for small business vitality for two years in a row. Two articles below make explicit reference to Austin.
Vulture investors flipping their way to big profits - http://money.cnn.com/2011/04/13/real_estate/vulture_investors_profits/index.htm
Austin is the 2nd fastest growing city in the south - http://money.cnn.com/galleries/2011/news/1104/gallery.growing_southern_cities.fortune/2.html
For those concerned about the character of the Bryker Woods Neighborhood and inappropriate redevelopment, please note that *every* home contributing to the Old West Austin Historic District is vulnerable to either demolition or massive/insensitive remolding. These Bryker Woods homes are with rare exception smaller homes. Apart from purchasing a property of concern, the only thing that can be done to prevent such inappropriate redevelopment is to create with your neighbors a City of Austin ‘Local Historic District.’ Such historic districts acknowledge and respect existing SF-3 zoning while implementing design guidelines created by the neighborhood. Learn more at http://www.txinfo.com/brykerwoods/News/LocalHistoricDistrict.html
