Rural landowners near Austin see demand, higher prices for property - Dallas Business Journal

has always had faith in Taylor as the next stepping stone in the region's growth – but even he's the first to admit the magnitude of that growth was bigger than he has long expected.

Even with those projects, how that fits into what's happening overall is hard to gauge. The Texas Real Estate Research Center at Texas A&M University Austin was growing rapidly, with much of that expansion funneling out to the city's northern and eastern suburbs. Cersonsky, who has a real estate degree from the University of Texas and has dabbled in land sales, wanted to get ahead of that growth, so they purchased the property, about 30 miles northeast of downtown Austin.

With shifts in the economy, and signs of hesitation in the commercial market already evident around the Austin metro, Bass said the Taylor market might look different than other parts of the region. But he said you could see shifts in how real estate is financed or purchased based on factors like changing interest rates.

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