The #1 thing going for the downtown Austin Condo market is downtown Austin. In downtown Houston, where they also have a brand new crop of high rise condos, very few people want to live downtown.
In the other neighborhoods where towers have popped up, picky residents can live nearby in larger, less expensive housing.
Here is a summary from the Houston Chronicle:
Even as single-family housing shows signs of momentum, Houston's high-rise condo market remains stalled.
