It's no secret that Austin is growing with each passing day, and 2020 is set to be another thriving year. According to the Austin Business Journal, "Austin is predicted to be one of the hottest housing markets in the nation in 2020". In an annual report by PWC (PricewaterhouseCoopers) on trending markets, Austin was ranked the number one market to watch. Within the past year, Austin moved from the ranking of the sixth to the first overall. Austin's population grows three times faster than the national average and is the eleventh most populated in the nation.
Many factors contribute to Austin’s attractiveness, including its fantastic culture and friendly locals, the urban suburban feel, and great schools. Austin's official motto is the "Live Music Capital of the World," boasting the highest number of music venues per capita and hosts several major music festivals. The slogan “Keep Austin Weird" was adopted by the Austin Independent Business Alliance to promote small businesses in Austin. And while some local companies continue to grow and expand, many start-ups are other companies are moving their corporate headquarters to the Austin area.
Yes, Austin’s uniqueness draws a diverse and educated population from young professionals to families. The Austin metropolitan area added 37,800 net new jobs, or 3.5% in 2019 according to Friday’s releases of preliminary Current Employment Statistics (CES) payroll job numbers by the Texas Workforce Commission (TWC) and US Bureau of Labor Statistics (BLS). Austin’s 3.5% growth rate makes it the 2nd best performing among the 50 largest metro areas. So it only makes sense to invest in Austin real estate.
We at Monte Davis Realty Group love to educate new investors as well as assist with their first purchase – or their fifth. We just love what we do and the exciting energy of Austin’s growth. Coming from California, Monte Davis is honored to have been in the real estate industry in Austin for the past two decades. We anticipate yet another exciting and successful year for both our economy in real estate and for our city in general.” We anticipate yet another exciting and successful year for everyone. Give us a call if you would like more information on investing.