The Austin American-Statesman writes about new development in East Austin. [Link]
Despite a median home price that has risen by more than 50 percent in the past five years to $199,000, East Austin is still within reach of many potential home buyers, especially when compared with nearby Austin neighborhoods such as Travis Heights, Hyde Park and Tarrytown.
The changes have caused concerns among community groups about rising property taxes and whether longtime residents will be able to afford to stay. But few people would deny that the East Austin real estate landscape is undergoing dramatic change.
