By The Kent Redding Group
2016 is quickly coming to a close, and with 2017 in sight many economists are predicting that 2017 is going to be another great year for Austin Texas Real Estate because of one word: (DEMAND).
More people are moving to Austin than ever before; in 2017 we can expect another 30,000 people to move to the city and many of them are going to be searching for homes for sale. This also means that demand is going to be high and it won’t be uncommon for some homeowners to sell their homes for over their asking prices.
The Next Generation Wants To Move To Austin
It’s no secret that the “next generation” or Millennials are the ones moving to Austin but the big question is why?
For starters, Millennials are moving to Austin because the city has become the next tech capital of the United States and is now affectionately known as “Silicon Hills” because many tech companies from California have relocated here in recent years.
Austin is also a top relocation destination for Millennials because they want to live in a walkable city / workable neighborhood with bars, restaurants and entertainment venues within a short distance of each other and Austin is accommodating buyers on all of these fronts.
Millennials can also get more for their money in Austin (compared to other states) and thanks to still historically low mortgage interest rates, they’ve been able to buy super affordable homes in Austin and settle down here.
Learn More about Austin Texas Real Estate
To learn more about Austin Texas Real Estate, search for homes for sale, or to speak with us about selling your home, contact the Kent Redding Group today by calling us at (512) 306-1001 or click here to connect with us online.