Austin Real Estate is the Best Bargain in America

January 8, 2008

austin night skyline by onefivedoor on flickrAccording to Business Week, Austin real estate is the best bargain in America.  Who does this matter to?

Austinites

Good news Austinites- Austin’s real estate values have consistently beaten the doom and gloom national forecasts. Our diverse job market, our progressive economic development devision and our endless natural attractions create a desireable location for those relocating.  Many people that relocate from Austin move to another part of Austin, so our city retains a massive portion of our residents.

Investors

National investors have been eyeballing Austin for years and those who have not yet seen the benefit of what a bargain real estate is here are flocking.  Once upon a time, I hated the idea of California money funnelling into Austin, but with the tightening in the lending industry, the people who no longer qualify to buy a home still deserve to rent a beautiful property (sidenote: do-it-yourself investors smell the deals here and pump money in without any sort of plan, but with guidance, those same investors will very nicely cushion their long term results).

Job Seekers

Austin continues to have impressive job growth and when people face the choice between a snowy climate, an astronomically priced housing market or (say it with me now) Austin, the choice is easy.  Natural beauty, great deals, steady value increases and unparalleled social life make the choice for most transfers.

So, if you live here already or plan on moving, real estate here is an awesome value- congrats, Austin!

photo credit: onefivedoor on flickr

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