AUSTIN, TX. – Did you know that the Austin Texas Real Estate market was just ranked as the most attractive market for real estate investment and development in 2017?
Thanks to the Emerging Trends in Real Estate 2017 survey by PwC, and the Urban Land Institute, we know that Austin ranks #1 for Real Estate nationwide followed by the Dallas/Fort Worth market and Portland Oregon.
Austin Has Long-Term Appeal
Although the Austin Texas Real Estate market was once viewed as a “fluke” when it was first listed as one of the top emerging markets in the United States, Austin has remained one of the top cities for Real Estate in the United State since we have a diverse economy, vibrant culture, great neighborhoods and plenty of things to do in the area.
Austin Is a Top Market for Millennials
One of the biggest reasons why Austin has had staying power among the top Real Estate markets in the United States over the last 5 years is because our city has also been a top market for Millennials since they can find higher-paying jobs here after graduating college and enjoy a better quality of life than they could in other cities across the United States.
Besides having a strong residential Real Estate market, Austin also has a vibrant commercial real estate market right now as well:
As of the end of September, year-over-year class-A office rent growth was 7.7 percent in Austin and 5.4 percent in Dallas/Fort Worth, while office development in both markets has remained generally in check, he said. Austin has 1.7 million square feet of office development under construction, about 75 percent of which is pre-leased, while Dallas/Fort Worth has 10.4 million square feet under construction, with about 66 percent pre-leased, according to TIER.
It’s A Perfect Time to Buy a Home Right Now
Have you been thinking about buying a home buy aren’t sure if now is the right time? If so, fall and winter are traditionally some of the best months to buy a house since there are fewer buyers searching for properties and this means less competition for you.
To view homes for sale in Austin Texas contact us today by clicking here or calling (512) 306-1001.
Posted by Kent Redding on
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