A recent survey conducted by First American Loan Performance indicates that real estate in Austin is truly unique, despite the general downward trend of real estate in the rest of the country. Despite national trends, the survey discovered home prices in Austin actually went up 8.6%. Austin was also named one of the Top Place to Buy by Entrepreneur Magazine. In fact, this city's population growth is a result of quite a few reasons outside of what's published by the press that help make the city great.
When recommending Austin real estate as the place to purchase, I always felt as a bit of a bias. After all, encouraging others to move to the same place as where I live and work only feels natural. But after reading all the great press that Austin is getting lately it has only validated my original intuition.
If you are thinking about investing in Austin real estate or if you are considering moving to the area, here are some other facts that might help sway your decision:
* Austin's unemployment rate is both below the state and national averages. National unemployment is at 4.4% and Texas unemployment at 3.9%. Austin is at only 3.3% unemployment.
* After 206,400 new jobs were added last year alone, Texas' employment opportunities are continuing to grow.
* Austin is a well educated population. In fact, 40% of its residents hold degrees from universities.
* From a tech perspective, Austin has been ranked #4 by WIRED magazine for the top ten tech cities in the US. Initially I was drawn to Austin for its amazing natural beauty and climate. It's even easier to see why so many people are looking to invest in Austin real estate after taking a closer look at what the city can offer from an economical viewpoint. Purchasing in the city is surely a good investment with the prices of Austin's real estate moving quickly in the upward direction.
When recommending Austin real estate as the place to purchase, I always felt as a bit of a bias. After all, encouraging others to move to the same place as where I live and work only feels natural. But after reading all the great press that Austin is getting lately it has only validated my original intuition.
If you are thinking about investing in Austin real estate or if you are considering moving to the area, here are some other facts that might help sway your decision:
* Austin's unemployment rate is both below the state and national averages. National unemployment is at 4.4% and Texas unemployment at 3.9%. Austin is at only 3.3% unemployment.
* After 206,400 new jobs were added last year alone, Texas' employment opportunities are continuing to grow.
* Austin is a well educated population. In fact, 40% of its residents hold degrees from universities.
* From a tech perspective, Austin has been ranked #4 by WIRED magazine for the top ten tech cities in the US. Initially I was drawn to Austin for its amazing natural beauty and climate. It's even easier to see why so many people are looking to invest in Austin real estate after taking a closer look at what the city can offer from an economical viewpoint. Purchasing in the city is surely a good investment with the prices of Austin's real estate moving quickly in the upward direction.
About the Author:
Find out about trends in Austin Real Estate on Eric Bramlett's site & view listings for Lake Austin Apache Shores homes.
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