Luxury real estate booms as buyers from both coasts flock to Austin: ‘COVID has set our market on fire’
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When businesses closed their doors in March, Austin realtor Cord Shiflet did not think he would sell another house this year.
To his surprise, this has been the busiest month he has ever seen for well-funded buyers moving to Austin.
"In my 23 years of doing this, the last month has been the craziest, most active market I've ever seen, with big buyers moving into Austin," said Shiflet, who works for Moreland Properties. "COVID has set our market on fire."
Austin realtors say business is booming in luxury real estate, which is a pleasant surprise after expecting sales to plummet due to coronavirus.
The majority of his big buyers have usually come from California, Shiflet said, but now he is seeing a drastic increase in New York executives and business owners who want to move to Austin.
After months of stay-home orders and working remotely, people from both coasts seem to be reevaluating where they live.
"We've just been seeing New Yorkers coming out here in droves," Shiflet said. "They can work from really anywhere in the world, and these people don't want to live in the tight spaces that they're currently in."
Texas has long appealed to people living in more regulated states due to a business-friendly climate and lack of state income tax. Shiflet said realtors are struggling to keep up with the increased demand from new buyers, many of whom are shocked to see how much further their money can go in Texas.
"We're going through our Rolodexes and knocking on doors, trying to find the quality product that these people want," Shiflet said. "They have a hard time believing they can have so much house and so much space and land around them as opposed to the apartments they're coming out of in New York."
Michelle Dolch, a realtor from Austin Luxury Group, said she has experienced the same thing—she even has a few buyers who are looking in the range of $20 million and above.
"We don't really have a lot of real estate in that market," Dolch said. "Our inventory is really stressed."
In addition to those from California and New York, Dolch has seen an increase in buyers coming from Seattle and Chicago, citing complaints about coronavirus and taxes.
"It just seems that a lot of people that have been considering moving here over the years are now coming here all at once," Dolch said. "A lot of people have always considered Austin as a place they'd like to live in. They're not considering it anymore—they're moving forward with it."
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Despite a 2-0 deficit, there was a pot of gold for Austin FC after all as it celebrated its annual Pride Night with rainbows and a 2-2 comeback draw to FC Dallas Saturday night.
After three FC Dallas losses last season, the Dallas derby draw marks the first time Austin FC has tied against its Copa Texas rival. Austin continues to edge over FC Dallas as it sits at 3rd in the MLS West.
Here are the biggest takeaways from the match:
A somber start
Decked out in colorful hues for LBGTQ+ Pride, Verde fans started the match on a somber note as they held up banners to take a stand against gun violence before the match.
As the national anthem began, fans held up banners with the names of each child that was killed in the Uvalde school shooting and a plea to "end gun violence."
The supporters' section was also dotted with Pride flags and a "Bans off Our Bodies" banner in protest of the Supreme Court's decision to overturn Roe v. Wade.
FC Dallas earns a 2-0 lead
That sober tone continued onto the pitch. With midfielder Daniel Pereira's absence due to a red card, the Verde and Black lost two goals to FC Dallas by the 70th minute of play.
FC Dallas played it sneaky for the first half of the match, giving Austin FC plenty of room to hold possession as it waited to strike on a Verde error. That mentality proved dangerous for Austin as Dallas' Paul Arriola took advantage of Brad Stuver's deflection to score the first goal of the night in the 57th minute of play.
Dallas struck once more as Brandon Servant pushed past the Verde line to score the second goal of the match.
Austin FC strikes back
But energy quickly returned to Austin's favor thanks to Designated Player Sebastian Driussi, who scooted past several FC Dallas defenders alongside Moussa Djitte to snag an unlikely first goal for Austin.
A full Verde comeback
Austin's subs proved deadly as momentum returned to the home team toward the end of the match. A well-placed cross from Nick Lima—and a diving header from a fresh-legged Danny Hoesen—helped the team secure the draw with a second Verde goal in the 84th minute of play.
Hoesen, who was Austin's first starting striker last season, has now scored two goals with the team after a yearlong injury stuck him on the bench.
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Hours following the U.S. Supreme Court's ruling to overturn Roe v. Wade, the landmark ruling that guaranteed a constitutional right to an abortion, on Friday, about 1,000 people gathered in Republic Square with signs calling for change.
The rally, organized by the group Rise Up 4 Abortion Rights Texas, started at the federal courthouse on Republic Square on Friday at 5 p.m. before the crowd marched to the Texas Capitol. More protests are expected to ensue over the weekend.
People showed up with all types of signs like Mindy Moffa holding up, "Keep your filthy laws off my silky drawers."
Austin joined cities across the country that saw protests for a women's right to an abortion after the ruling.
According to a recent UT poll, 78% of Texas voters support abortion access in most cases.
Sabrina Talghade and Sofia Pellegrini held up signs directed at Texas laws. A Texas trigger law will ban all abortions from the moment of fertilization, starting 30 days after the ruling. When state legislators passed the trigger law last summer, it also passed laws for more protection of firearms, including the right to open carry without a permit.
Lili Enthal of Austin yells as around 1,000 Texans marched to the Texas Capitol.
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