Austin Homes Still Growing
Austin, Texas - Though most of the nation is experiencing a downturn in the housing market - the one-time small capital of Texas has been experiencing growth near double digits the last few years and 2007 doesn't seem to any different. Austin Real Estate seems to continue to buck the trend of decling home sales that is sweeping the nation, aided by a robust technology sector and affordability - Austin has only 3.2 months of unsold inventory - making it one of the tightest markets in the country.
With over 715,000 residents within the city limits, Austin is now 50% bigger than Atlanta and sits as the 16th largest city in the country.
The low tax structure and pro-business climate makes Austin a premier destination for corporate relocation for firms that are striving to compete in the global marketplace, adding roughly 30,000 new residents each year and 25,000 jobs.
The corporate climate alone isn't the only aspect of Austin Real that is found attractive by national investors. Self-proclaimed the "Live Music Capital of the World", the city is starting to receive accolades from national authorities regarding it's luxury housing market, entertainment options, environmentally sensitive culture, and tourism, not to mention the untapped potential for new development in the Texas Hill Country and the two lakes within 20 minutes of the city that provide boating access year round.
Austin Gains National Recognition:
- #5 Top Luxury Markets (Unique Homes Magazine) - ahead of Beverly Hills, CA
- #1 Best Big City Places to Live (MSN House & Home)
- #1 Top Entrepreneurial Cities (Entrepreneur Magazine & Visa USA)
- #2 Best People according to Visitors (Travel-Leisure magazine)
- #2 Top Green Cities (The Green Guide)
- #1 Best Nightlife (Men's Journal)
- #3 Top Growth Cities (U-Haul)
- #2 Top 10 Cities for Moviemakers (MovieMaker)
- #3 Coolest Cities (Kiplinger)
- #2 Best Large City for Relocating Families (Worldwide ERC & PrimaryRelocation)
- #3 Great Places to Live (Life 2.0)
Tech savy realtors, that are able to market to those relocating to Texas are making a mint off of the nations downturn. Christy Dixon from HomesATX, LLC, an Austin Real Estate Agency, isn't able to keep up with all the out of state leads she is recieving. "I'm getting 10-12 calls a week from serious out of state buyers that plan on purchasing a home in the next 60 days. Everyone keeps asking if Austin is experiencing a real estate bubble and when do we expect it to pop. I tell them this isn't like we saw in California. Austin is experiecing stable responsible growth. Sure there are some areas that are appreciating at a higher rate than others but we aren't jumping up 20% a year on average. We've been maintaining 8-10% appreciation for a few years now as we keep up with the growing city and the economy. Austin is a great place to be a realtor right now, but even a better place to call home."
HomesATX, LLC
Office: 512-394-9477
Cell: 512-796-7303
www.HomesATX.com
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