Austin #2 Healthiest Housing Market for 2009
Excerpt from the Builder Online article: “The Healthiest Housing Markets for 2009″
The bloom is back on Austin’s yellow rose now; it moved up the leader board
to become the sixth largest home building market last year. Job creation
explains the move. While other markets lost employment, Austin added 17,400
jobs last year, 2.3 percent growth rate. It helps that Austin is home to
both a major university, The University of Texas, and the state capital.
Existing homes cost a little bit more in Austin than other Texas markets,
roughly $188,600, but that’s still below the national average. Also, Austin
is one of the few metro areas in the country where median prices actually
rose in 2008–2.7 percent.
Read the full article here: Builder Online