Increasing the supply on the market is one of the critical ways we can begin to address affordability. For several years now, Austin has had a less than 6 month supply of inventory, which according to Texas A&M Real Estate Center, is considered a healthy market. I believe however if we are to address the affordability crisis it’s going to be a combination of improving the development process to get products to market faster, diversifying the type of products along our corridors and major job centers, and working with non-profits to build housing with deeper levels of affordability that must be subsidized.
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