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I was quoted in an article that appeared today on Business Week magazine's website. The story focused on real estate values in college towns across America.

Some Austin real estate investors say properties near college campuses like the University of Texas at Austin can still be great investments even in tough economic times, since there will always be a ready supply of students who need housing in those areas.

Here is the Austin portion of the report:

In Austin, home prices near campus are already so high that investors can't necessarily expect to cover a mortgage with rental income unless they come up with a significant down payment, says Jay Carter, a Realtor with LivingInAustin.com. But buying a home can still make a good investment in terms of appreciation.

Carter says enrollment is growing, but there's a risk that the credit crunch could spread to the student loan market, pushing up interest rates and making college more expensive. "The area around the University of Texas campus is tighter than ever, and demand will always be there no matter what the economy is doing," he says. "UT students are competing [for apartments] with a large number of non-UT students who just want to live in that area of town. There's a huge urban boom in Austin."

Here is the current (always-updated) list of condos for sale (by ALL real estate companies) close to the UT campus.