published on March 18, 2013
It is pretty clear that Austin’s population is growing – and growing quickly. Austinites may be feeling the pinch in higher rental rates or a tightening buyers’ market for Austin homes, but at the same time, jobs have been more than keeping pace and the appeal of Austin’s lifestyle remains strong.
So, maybe we know why Austin is the place to be, but what are others saying? Here are some of the recent accolades that our fine city has garnered.
- Austin is the number one city in the nation for job growth.
- NerdWallet.com named Austin its Top City for Job Seekers.
- Austin was the second best-performing city, according to the Milken Institute.
- Trulia says Austin will be one of the healthiest housing markets in 2013.
- Forbes ranked Austin eighth on a list of cities where a paycheck stretches the furthest.
All of these factors have played into an increasingly competitive real estate market. Across the board, inventory is down, time on the market is down, and prices are up. From Avery Ranch to Circle C, homes are selling faster, at higher prices, and with more bids. Those in the rental market have felt even more of a crunch, as inventory has been decreasing for an even longer time period, and prices have been rising there, as well.
What does this mean for Austin as we know it? We hope it continues to mean a thriving economic climate and residents who will love our city as much as we do, appreciating our great live music culture, our natural treasures, and our Keep Austin Weird vibe. Time will tell, but until then, welcome new Austinites!
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