Austin 2nd Highest Urban Growth with 14th Biggest Population in the US - Austin Local
  Economy | News | Real Estate

Austin 2nd Highest Urban Growth with 14th Biggest Population in the US


Read time: < 1 minute

Austin and its home state of Texas continue to see real estate market improvements. Both markets enjoy higher-than-average employment rates, stable economies, continued population growth and increasing housing starts, which when combined meet the conditions necessary for a successful home buying and home selling market.

Austin is the 14th largest metro, one of the highest employment rates, an attractive city to young professionals, and burgeoning tech town. Homes in Austin are selling 20% faster than this time last year, averaging 77 days on the market. Inventory levels are 19% lower than last February and list prices have jumped up 12% in response, making it the 2nd best real estate market for investors right now.

The Texas economy added 237,100 nonagricultural jobs from March 2011 to March 2012, an annual growth rate of 2.3 percent compared with 1.5 percent for the United States. The state’s nongovernment sector added 291,900 jobs, an annual growth rate of 3.4 percent compared with 2 percent for the nation’s private sector. 

Click here to read more about the Texas economic recovery last month.

Special thanks to Anthony Marino at Austin Area Photo for the original picture!

Related links

Leave a Comment

INSTAGRAM

Happy Valentine's Day, Austin! You make us #realtyawesome and we hope YOU are feeling the LOVE today and every day! #realtyaustin #makethemove ...

71 1

Since 2011, the Women of Hope have raised over $600,000 to support housing, education, and programs for SAFE|Children's Shelter. The Women of Hope are on a mission to make the world a better place for abused and neglected children. Learn more with the link in bio 🏡❤️#OurAustinPledge #KeepAustinSAFE #AustinLocal #RealtyAustin #SAFEChildrensShelter
#SAFEHousing #WomenOfHope
...

44 1

For nearly 35 years, Austin Habitat for Humanity has been on a mission to end the cycle of poverty housing. With over 470 homes built by staff and community volunteers, this extraordinary non-profit holds true to their belief that everyone deserves a decent, affordable place to live. Austin Habitat For Humanity CEO, Phyllis Snodgrass, digs deeper into the importance of bringing people together to build strong, stable and self-reliant communities. 🏡❤️ #OurAustinPledge #KeepAustinAffordable #AustinLocal #HereYouGrow #RealtyAustin #AustinHabitatForHumanity #Austin #GiveBack ...

41 0

Happy 2020 Austin! Here's to another year of building strong communities and making our city the best place to live together. Thank you to our #RealtyAwesome team of rockstar agents and their clients! #ThankYou #HappyNewYear #LoveYourCity #WorkHard #PlayHard #GiveBack #RealtyAustin #HereYouGrow ...

43 1

Since opening its doors in 1990, Foundation Communities has helped over 6,000 families and individuals find a home and a better quality of life! Hear why the founder, Walter Moreau, gives back to Austin. 🏡❤️ #ouraustinpledge #keepaustinaffordable #austinlocal #foundationcommunities #keepaustinweird #affordablehousing ...

48 1

We're giving back to Austin in a big way this year! If you've got a place in your heart this holiday season and are looking for a way to make an impact within our community, please visit OurAustinPledge.com to partner with one of our Affordable Housing Pioneers or check out our Holiday Giving Guide. #OurAustinPledge #WorkHardPlayHardGiveBack #RealtyAustin #RealtyAwesome #GiveBack ...

32 2

Want to hear from the owners of Realty Austin on why they think it’s important to give back to the community? 🏡❤️
#OurAustinPledge #AustinLocal #WorkHardPlayHardGiveBack #KeepAustinAffordable
...

73 1

Pin It on Pinterest