Austin Texas Is The Top City For Real Estate Prospects In 2020
Are you planning on buying or selling a home in the Austin area next year? If so, the ATX area continues to remain the top city for buying or selling a home in the United States, especially in 2020.
Why buy or sell a home in the ATX area? The answers are simple. Homes in the Austin Texas area are still priced lower than other comparable properties nationwide, Central Texas has a thriving jobs market, there’s plenty of things to do in the area, and so much more!
Buy Or Sell A Home In Austin During 2020
The Urban Land Institute, or ULI, cited Austin as the top U.S. real estate market for 2020.
According to the Emerging Trends in Real Estate report, Austin rose to the top spot for overall real estate prospects after being ranked sixth last year. The city also took the No. 1 ranking for local expectation of investor demand in 2020, up from fourth place last year.
The 107-page report also noted some of Austin’s troubles, including traffic and housing affordability. The report stated that the issues could be exacerbated since Austin has the highest-projected population growth rate for the coming five years among the 80 markets analyzed in the report.
The methodology considered many aspects, such as the city slogan (“Keep Austin Weird”), a deep pool of talent, a unique and popular lifestyle, and the City of Austin’s commitment to business and real estate expansion.
Emerging Trends in Real Estate is an annual industry outlook for the real estate and land use industry, issued by ULI and Price waterhouse Coopers.
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To learn more about buying or selling a home in the Austin Texas area, contact me today by calling (512) 944-7378 or click here to connect with me online.