Austin Named Fastest Growing City in America

February 1, 2008

Austin Real Estate will be on FIRE!Attention investors, buyers and sellers- Austin is in the spotlight today! Forbes named Austin the #1 Fastest Growing Large Metro in America. The total GMP growth projected for 2007-2012 at 32.05%- nearly TEN PERCENT HIGHER than the #2 Fastest Growing! No city even cut a close second to the explosive growth of Austin!

According to Forbes:

The self-proclaimed “Live Music Capital of the World” is booming, thanks in large part to Austin’s high-tech industry (key employers include Dell, IBM and Apple) and the University of Texas, which provides the area with a steady stream of engineering talent. In addition to music, the city also has a thriving film industry. Its projected gross domestic product growth by 2012 is second only to Mobile, Ala., and first among the largest 100 metro areas in the country. Metro area Austin’s population is expected to grow nearly 15% by 2012.

This is great news as the economic indicators look great for Austin- we expect many more to relocate to Austin for countless reasons we’ve previously highlighted and are already flooded with investors taking advantage of lowered interest rates. Where do you fit in to the growth of Austin?

photo credit: onefivedoor (check him out!)

Posted by Lani, Asset Director | Filed Under About Austin, Austin News, Blog, Investing 

Comments

2 Responses to “Austin Named Fastest Growing City in America”

  1. Austin Real Estate Blog | National Real Estate Review | Real Estate Scene on February 2nd, 2008 12:11 am

    [...] Forbes.com named Austin the Fastest Growing City in America. Back that truck up- did they say we’re number 1? Oh yeah they did. Growth is projected to [...]

  2. Austin Investment Properties | Mortgage Tips, News and more on March 13th, 2008 4:48 am

    [...] Single Pointe’s Marketing Director, Lani Anglin informs us that Austin was named the fastest growing city in America: [...]

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