Austin Texas Real Estate Blog

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Austin, Texas Area Named #2 on List for Top-Growing Metro Areas in the U.S.

The Austin metro area grew by 3.9% from 2010 to 2011, according to a story cited in the Austin American-Statesman today. I feel blessed to be selling homes in such a vibrant city. I was a little surprised to realize that we are nearing the 2 million mark on population here, frankly (1.78 million as of July 2011). It wasn't that long ago that Austin and all of the surrounding counties were in the 800,000 range.

Williamson County (just north of Austin) is the 10st fastest growing county in the United States now. Hutto was the fastest growing city in Texas in recent years, and Georgetown (where I attend church) is exploding with growth now.

Apparently, Austin added over 67,000 people in the 15-month period of the study. It's astounding to consider this.

One of the most telling statistics cited was that 65% of the growth came via migration, and 82% of that number was from other cities in the U.S. That certainly fits with what we've seen and experienced, namely, that people are flocking to this area from elsewhere because of our healthy economic outlook, quality of life, and the optimistic culture of the city.

To read the entire article, visit:

http://www.statesman.com/news/local/austin-area-growth-rate-ranks-2nd-in-nation-2284182.html

If you're considering a move to Austin, you owe it to yourself to call us first. You will not be disappointed. Our service is top-notch, and we operate with integrity. Call us anytime at 512-796-7653 or visit www.austintexashomes.com for more information. We look forward to hearing from you. You might also find our online Austin Texas Relocation Package to be helpful.

 

Photo credit: http://www.flickr.com/photos/jdn

 

 

If you enjoyed this post, why not connect with me elsewhere or subscribe via email?

If you're looking for a home in the Austin area, you can also visit my primary Austin real estate website at www.austintexashomes.com.  If you're interested in social media training, visit 210 Consulting. Thanks!

3 comments • Jason Crouch, Broker - Austin Texas Real Estate (512-796-7653) • April 05 2012 02:50PM

Austin could experience short-term housing shortage and higher prices!

Angelos Angelou is one of the foremost economists in central Texas, and he is predicting that the Austin area could end up with a housing shortage over the next couple of years.  Builders slowed down their production levels so much that they may have overcorrected, and this could lead to higher prices in the short-term. 

According to an article in the Community Impact paper that came out on Friday, housing starts dropped by about 2/3 over the past couple of years, from 18,000 to around 6.000 anticipated for 2009.  Couple that with an estimated 42,000 people moving into the area, and it looks like we will hit a point soon when demand will exceed supply.  Clearly, this is what it normally takes to drive prices up, so time will tell, I suppose.

Angelou expects the Austin market to make a big turnaround sometime by the 1st or 2nd quarter of 2010, but he did say that we would experience slightly higher unemployment (maybe as high as 6.5%, compared to 9-10% nationally). 

If this is accurate, it looks like Austin real estate will be a very solid investment, and (not to sound overly trite) but the time to buy is now!  With low interest rates, the $8000 first-time homebuyer tax credit, and the prospect of tightening inventory and higher prices, this is no longer the time for sitting on the fence. 

If you are considering making a move to Austin, Texas, you might be interested in checking out my online relocation package right here:

Austin Texas Relocation Package

Feel free to call or email me anytime with questions.  I can be reached at 512-796-7653 (cell) or jason@austintexashomes.com.  Thanks!

Image is from www.impactnews.com. 

 

If you enjoyed this post, why not connect with me elsewhere or subscribe via email?

If you're looking for a home in the Austin area, you can also visit my primary Austin real estate website at www.austintexashomes.com.  If you're interested in social media training, visit 210 Consulting. Thanks!

9 comments • Jason Crouch, Broker - Austin Texas Real Estate (512-796-7653) • March 09 2009 02:43PM