Texas was named the top state in the nation for 2012 by Business Facilities. This esteemed title is the result of an economic upswing that places the state above the rest of the country. With this in mind, it is easy to see why Austin homes have hit a six-year-high in sales. Not only will new residents be able to enjoy everything that the Austin area has to offer, but they will also find it much easier to land a financially rewarding career.
Forbes recently announced that Austin is the fastest growing city in the country for the third year in a row. Austin ended 2012 with an unemployment rate that is almost 4 percent lower than the national average and the city expects to see an additional job growth rate of 2.7 percent during 2013. With job prospects like these, it is no wonder that new home builders are continuously busy in Austin. The city also provides a great opportunity for people who like to invest in real estate, due to its robust home appreciation rate of 2.74 percent.
If you are interested in living outside of Austin, the nearby city of Leander is expected to benefit from the planning, development and construction of 10,000 new homes during 2013. This area provides residents with all of the perks of living near a major city and the community is expected to experience a large population increase by 2019.
Schlitterbahn Waterparks and Resorts has been working with the Cedar Park City Council for three years to bring a new water park to the Austin area. Although the initial plans stalled after the developers left the project, the city and Schlitterbahn are still committed to moving forward. If these plans become a reality, residents of the Austin area will receive both a new source of entertainment and another boost to the area’s economy. After all, amusement parks have the tendency to attract tourists and this will create a ripple effect that will cause several of the local businesses to need additional employees. Even if the water park never comes to fruition, however, it is an example of the innovative thinking that has helped the Austin area become so successful. Therefore, it is a given that something positive will be done with the land that is currently earmarked for the water park.
Your Austin home search will provide you with many different options. The city and the surrounding areas have a wide variety of different neighborhoods to choose from and there’s also a solid mixture of previously owned homes and projects that have just been completed by new home builders. As a result, it’s possible to find Austin homes that will suit almost any price range and our professional team at Buffington Homes will be delighted to help you narrow down your options.