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Austin buzz

Texas consistently ranks as one of the nation’s most favorable areas to live...check out the statistics below...

Austin was voted #1 metro for Future Business Development
  Expansion Magazine 8/2006

Austin ranked #2 in the 10 Best Big Cities
  CNN. Money.com

Hottest 10 Buyers Markets - click here to view chart
According to HousingPredictor.com

Powered by rich expansionary growth and booming local economies, Housing Predictor's list of the Hottest 10 Buyers Markets in 2007 shows there are still strongly appreciating real estate markets in the U.S.

Albuquerque , New Mexico is Housing Predictor’s selection for the Number 1 spot on the Top 10 list. Bulging with a population nearing a million, Albuquerque is growing like never before, attracting the movie business from Hollywood, a new airplane factory and many other new businesses.

Housing Predictor’s selection of the Hottest 10 Buyers Markets are based on surveys conducted on 75 markets under consideration from more than 250 local housing markets forecast on the web site. The highest amount of forecast appreciation during the remainder of 2007 was given the heaviest weight in the survey. Market conditions, sales velocity, pricing and more than 20 other factors were also considered.

Five Texas markets are included on the list, including McAllen, which placed second. In early 2006 Housing Predictor forecast the current boom in Texas.

Salt Lake City , Utah placed third. Although Salt Lake is witnessing its market begin to slow down from its frenzied pace, the brakes won’t hit strong enough until late this year, keeping the market at a rich stride through the end of the year.

The Hottest 10 Buyers Markets represent growing local economies, which are sure to foster growth into 2008 and some even into the following decade.

New Orleans , Louisiana placed fourth, followed by Austin, Texas, Houston and Biloxi, Mississippi, which is experiencing its largest growth in history with new condominium developments following the devastation of Hurricane Katrina. El Paso, Texas, Little Rock, Arkansas and Dallas, Texas round out the list.

If Mc Allen Texas is ahead of Austin on the list why not go to McAllen? Mc Allen is has a huge land mass with a small but growing population. There is no true scarcity of land. There is a temporary scarcity now, but since vacant land is abundant and cheap in the McAllen Area— supply will quickly catch up with demand.

In Austin, Land is scarce and expensive--- those who choose to live in the city will be forced to pay higher prices for resale homes because there is very little vacant land.

Median family home price rose 24% in MLS area 5 (78702, 78721)

Median family home price rose 9.3% in MLS area 3 (78722, 78723, 78752)

continue to view chart Hottest 10 Buyers Market...    

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Hottest 10 Buyers Market

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