Austin Texas Homes

Austin, as well as the state of Texas, has fared very well on many “best place” lists. Another survey by BizJournals.com, has named Austin as #2 on its list of best places for young adults.  The main factors looked at in this survey were based on job opportunities, income levels and quality of life.

BizJournals.com is being proven correct by the many young professionals who have moved back to the Austin area for those very reasons. These buyers are the 30-somethings that moved away but are now returning home.

The “returning buyers” have chosen such areas as Downtown Austin, South Lamar, Hyde Park, South Congress and East Central Austin as their favorite areas to buy a home. They are very savvy buyers and prefer homes that feature green living as well as convenience to parks, green spaces, and shopping. These buyers want to be close to mass transit or have the ability to walk or bike to shops and work. Some of these 30-somethings are from areas such as Seattle and Portland where this way of life is quite common.

The Baby Boomer generation is also moving to Austin for its lifestyle, climate and affordability. While these buyers may not be as interested in green living, they are definitely interested in living in green areas. In light of increasing gas prices and their fixed income, proximity to shopping and other conveniences has also become an area of importance to them.

Investors are finding the Austin area a very good place to invest their real estate dollar. Although, Austin is not experiencing a depressed market and prices are holding steady these same groups,  Baby Boomers, Young Professionals and “returning buyers”, will increase the demand in the rental market.

No matter where the buyer is coming from, they are coming because Austin is one of the Best Places to live in the nation.