Source: KVUE —
AUSTIN, Texas — The ice storm had an effect on many aspects throughout Central Texas, including the Austin real estate market.
Ari Rastegar, founder and CEO of Rastegar Property Company and an Austin native, said the ice storm greatly affected his apartment properties.
“We’re a very large apartment owner here in Austin. It was just devastatingly sad to see our our tenants that we care so much about not have power for days and days, in some instances for over a week,” said Rastegar.
For real estate agents selling houses, property tours and move-in dates had to be delayed, and cleanup or damage to houses and apartment complexes are still being taken care of. Rastegar said with all the booming construction going on in Austin, the ice storm made it hard for construction workers to do their job.
