Top 3 Reasons Why Austin Housing Market is #1 in the US

//Top 3 Reasons Why Austin Housing Market is #1 in the US

Austin’s most recent quarter numbers reports show the consistent housing market growth. Hundreds of home buyers and newcomers search homes for sale in Austin Texas everyday, whether looking to move to Austin or upgrade to a newer or larger home. As a result, 40% of Austin homes are sold within ten days with an average of 14% year of year growth for the Austin housing market.

In 2011, Austin (KXAN) showed an Austin home zip code map that points out where people are moving into homes in the Austin area compared to others. There is a heavy move towards the surrounding areas of Austin, such as Round Rock and Pflugerville. Other sectors of the housing industry have also peeked in 2014.

Why Newcomers Search for Homes in Austin

Job Market

The job market is Forbes Magazine listed Austin #1 in its best cities for jobs in 2013. The Bureau Labor of Statistics listed unemployment rate at a low 5% for August 2013. Diverse employment opportunities are growing. High tech companies have moved or grown in Austin, including Dell, IBM, Apple, Hewlett-Packard, Advanced Micro Devices, Applied Materials, Cirrus Logic, Cisco, eBay/PayPal, Google, Hoover’s, Intel, National Instruments, Samsung, Sun Micro Systems and United Devices.

Culture

Newcomers and young professionals turn to Austin to find a home in the middle of a culture driven city. The Business journal ranked Austin #1 for best places for young adults, and CBS Moneywatch included Austin on its list of 10 best places to retire. Austin was named the Music capital of world in the 90’s and held up its name with big draw events such as SXSW, Austin City Limits, Circuit of the Americas and various film festivals. This culture city of Texas will continue to attract not only newcomers, but also film makers such as Jon Favreau’s Chef and many other artists across the world.

Family

Parenting Magazine named Austin #4 in best cities to raise a family. Similarly, Travel and Leisure Magazine named Austin the 4th safest city in America. Those who move to the city seek to set their roots and retire in this thriving city. This is not only due to it’s rich culture and promising economy, but also because it’s a perfect city to raise a family.

If you need help searching homes for sale in Austin, TX – please contact our real estate agents today. SmartLiving Real Estate agents are available at anytime to discuss your real estate needs. Call us at anytime today!

By | 2017-04-23T15:36:00+00:00 August 6th, 2014|blog|0 Comments

About the Author:

Thomas Cheng utilizes the latest technologies, market research and business strategies to exceed your expectations. More importantly, we listen and that means we find solutions that are tailored to you. If you have any questions about buying or selling a home, please make sure to contact us today.

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