Reports claim that Austin did well during the recession due to the abundance of education and government jobs. Austin, home to the University of Texas and State Capital of Austin, is one of the few cities that have helped to stabilize the economy.
Austin real estate experts attribute the success of Austin’s housing market to the tax credit extension.
While Central Texas lost 1/8 of its employed tech workers, Indiana-based Dice, Inc. reports that Austin has the second highest percentage of job postings in the country, trailing right behind Charolette, North Carolina.
Austin, Texas is expected to grow in retail sales through the year 2010. Where there’s retail growth, there’s economy growth and a better way of living.
The number of available homes on the market is not as high as it was this time last year. Some market analysts believe this means that the housing market is on the cusp of a positive trend.