Why Moving to Austin?
The secret is out! Everyone who visits Austin these days has great things to say. They can't stop thinking about our legendary live music, burgeoning food scene, and unique southwestern culture. The rest of the country has already taken notice – and now you've got to experience it for yourself.
For decades, Austin has been widely known as “Live Music Capital of the World” with great venues like Stubb's Bar-B-Q and Antone's, as well as the long-running PBS program Austin City Limits.
Austin has all the authentic Texas barbeque you can handle, plus the widest variety of other options in the state. Co-op efforts like Wheatsville (food) and Black Star (brewing) speak for Austin as a true community of people who care about what they eat.
More than 650 public and private schools, plus a handful of acclaimed colleges and universities, promise your growing family all the perfect opportunities for a bright future.
Forbes named Austin-Round Rock-San Marcos the number one place for business in 2010. Five Austin companies made CNN Money's 2011 list of “The 100 Best Companies to Work For” including National Instruments and Whole Foods Market.
Austin has what your family needs for a happy home, and Austin Here I Come® has the tools to help you make the move! Use our powerful Advanced Search to narrow down properties according to what you really care about: specific property type, area schools, neighborhoods, and much more.
We have worked so hard to Keep Austin Weird – now let's Keep Austin HomeTM!
Thinking of Moving to Austin?The report also shows that, on average, homes were on the market for only 44 days from opening listing to closing. This means that if you are looking to buy a home in Austin, you must act fast, as they will not be on the market for long. There are many stories around town of people paying more than the asking price, just to be able to close on the house immediately. This isn’t always the best idea, but if you find the home you like, make sure you act quickly, before it gets snatched from underneath you.
If You Search Austin Homes…The same report showed that single family homes sold are up 29% from May 2012, with 2,991 single family homes sold in May 2013. Not only is new building on the increase, but people are moving all around Austin, from East to South and really all over. As long as reports keep coming out about how weird & cool the city is with live music, X Games, festivals, etc… then people will keep coming. I heard a story from one Austin native that bought a home back in 1981 for $24,000 in Central Austin at 55th and Duval St. (what was then considered North, almost suburbs). He and his family lived in the home for 22 years and then he rented the home for another 10 years so he was free and clear of his note and owned the house in full. When he went to sell his home, he was shocked to learn that he should list the house for $320k. He sold the house for his asking price and gained a 18% annual return on his investment.
What a Realtor in Austin Will Tell You…The total dollar volume of single family homes on the market is $904.5 million. This is a 40% increase from May of 2012. This number comes with 11% more new listings on the market. The total dollar value increase is a combination of an increase in home prices that are being sold and more new homes being built. Very few new homes are being built in the central area of Austin. Between I35 and Mo-Pac, South of 183 and north of 71, there are a few scattered new homes where the owner has demolished the previous house and started from the ground up. Most new homes are being built in communities outside central Austin, especially East and South Austin. A lot of area the was previously stagnant and unused is now becoming densely populated. The end of the Austin housing boom doesn’t seem to be happening anytime soon. With the build of the Circuit of the Americas racetrack, bringing in new visitors all over the country, Austin City Limits expanding to 2 weekends and the completion of many toll roads looping around the city, continued growth is immanent and will be enjoyed by many for a long time to come.
Bloomberg BusinessWeek has recently ranked Austin, Texas as the eighth best city in the United States in their comprehensive evaluation. The ranking system assessed 100 of the largest cities in the nation over a myriad of different factors such as eating establishments, cultural and entertainment venues, parks and recreational activities, educational opportunities, and economic circumstances. Many residents of the city attribute their move to Austin as one of the best lifestyle choices they have made, citing both personal and professional fulfillment. Furthermore, this claim is bolstered by the influx of new residents moving to Austin over the past five years who are able to easily transition to an enjoyable life while echoing many of the same sentiments.
Longtime residents and newcomers moving to Austin point out the great abundance of parks, restaurants, and outdoor activities that are conducive to the temperate climate of Central Texas. Additionally, most point out that before considering the move to Austin they spent a great deal of time researching the job market and its future prospects. Increasing numbers of businesses and high employee income growth rates have been especially attractive and have served to draw skilled workers to the city. In turn, the median household income remains high at $65,000 per year, while the unemployment rate in much lower than the national average.
An additional factor that Texans point out when moving to Austin is the housing market. Real estate in Austin, Texas has remained very affordable and the market has seen steady growth increases since the downturn in 2007. The Multiple Listing Service reported nearly 2,000 homes sold in October of 2012, which is a 37 percent increase over the previous year. This increased demand has served to pull existing homeowners out from underwater by increasing home values to an amount greater than that owed to lending institutions. Additionally, new homeowners moving to Austin have been galvanized by the recent upturn as they look toward a future in which their investments will continue to accrue value.
Yet in beginning to search Austin homes the experience can seem initially daunting. Homebuyers will want to balance location, price, and size of their potential home. Accordingly, Linda Dittoe, one of the most skilled realtors in Austin, is in a great position to guide homebuyers along in the process. Ms. Dittoe is able to inform clients on the venues, establishments, and recreational activities in different parts of the city as well as advise clients on the most attractive schools and areas that would offer reduced commute times based on the client’s place of employment. While this expertise can be helpful to longtime residents of the city it is especially important for those who are moving to Austin to pursue one of the many jobs created in the recent economic growth. The Austin home search doesn’t have to be an exhausting process, and with a knowledgeable and skilled realtor like Linda Dittoe clients inevitably end up in a much better position to navigate the real estate market of Austin, Texas.
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Austin continues to shine as one of the few metropolitan markets experiencing sustained growth over the past year. According to the U.S. Bureau of Labor Statistics, employees moving to Austin have seen a five percent growth rate in their base pay over the past year. The prospect of an increase in buying power has spurred many others to move to Austin in search of similar opportunities, while also providing current residents the flexibility to purchase more goods and services relative to counterparts in similar cities. Inevitably, this has provides an influx of resources into the market which has spurred new businesses to open their doors and provide further opportunities in order to meet market demand.
In response to increases in buying power, real estate in Austin, Texas has seen an upsurge as businesses and new employees are moving to Austin in response to increased opportunities. Commercial real estate has seen a gradual increase, with the addition of over 1,000 new businesses entering the city within the past year. Yet the real estate market has most significantly been affected by the Austin home search that has rallied to a 17 percent increase over the previous year. As new employees move to Austin and purchase real estate, Linda Dittoe, an Austin realtor, has been able to successfully and professionally provide clients with a choice of homes in a market that is positioned to bring further returns to homebuyers. For instance, in the third quarter of 2012 home prices in Austin increased nearly three percent, providing a sign that the housing market continues its rise. Overall, the search for Austin homes has been lively and the current market provides a great opportunity to secure a real estate investment.
The market research firm Pitney Bowes Software recently unveiled further evidence for the viability of real estate in Austin, Texas. The firm has projected that Austin will be one of ten major cities to experience the largest gains in household formation over the subsequent five years. Given the projected increase in demand, housing prices are likely to increase sharply in response. Needless to say, now is the best to contact Linda Dittoe if you are considering moving to Austin or purchasing a home as she is one of the most skilled realtors in the city. Not only will she be able to provide an overview of the market and guide you toward housing that fits your needs and price point, but also she will do so while looking out for your best interests in a challenging and fluid market.
The Austin home search doesn’t have to be exhausting and complicated. Regardless of whether you are in the market for a single family home, a duplex, or a condominium, Linda Dittoe will be able to provide you with the support and expertise you need to purchase your dream home. Furthermore, since Austin is projected to continue its steady economic growth and strong real estate market, the price of a new home is sure to be a great investment in the future and add financial security to your portfolio.Back To Home Page : Move To Austin
Austin has long been known as a powerhouse in the real estate market and the city has recently been living up to expectations. The previous economic downturn has given rise to a new sustained growth in Austin that has proved healthy and sustainable for buyers, sellers, and lenders. Recently, the Austin Board of Realtors released a report commissioned by the Multiple Listing Service that real estate in Austin, Texas has enjoyed an increase in sales volume every month during 2012. Additionally, November of 2012 was the highest grossing sales month since the downturn of 2007, providing yet another indicator that the momentum is not going to be short-lived.
This sustained increase in volume and gross sales has provided for increased investor confidence and has spurred the market to a stronger position than ever. Realtors in Austin are increasingly busy as many investors and entrepreneurs search Austin homes while anticipating increased long-term growth prospects. In response, lenders have made their mortgage terms appealing to investment while maintaining consistent and fair terms for first time home buyers. In turn, this has successfully brought investment capital back into the real estate market while also providing financing terms that have attracted many new employees as they move to Austin. The latter lending strategy has provided the backbone for the majority of the upswing in the market, and is directly related to those choosing to move to Austin in search of better employment opportunities and a family friendly city.
Apart from favorable lending conditions, the economic market in Austin continues to expand and has been the most powerful catalyst spurring many to consider moving to Austin in anticipation of work. The technology and entertainment sectors are growing rapidly with many well-known corporations expanding operations in order to gain a competitive advantage in the marketplace. Last year alone brought over 1,000 new businesses to Austin and saw the creation of over 25,000 new jobs in the city. In turn, realtors in Austin have reported an additional increase in demand for real estate in Austin, Texas with 19 percent higher sales recorded than the previous year.
Yet despite the upsurge, realtors in Austin have reported that home prices remain affordable relative to other large cities with similar public resources. Home prices have hovered around an average of $200,000, and given the upsurge in technology driven employment prospects these homes remain very affordable for many choosing to begin their Austin home search. Yet these affordable homes are on the rise, and they are projected to bring homebuyers a substantial return on their investment as the market continues to grow in the future. Consequently, realtors in Austin have greatly streamlined the search for Austin homes so that you can find a pleasant affordable home that will continue to increase in value along with the vibrant economy of the city. Overall, the confluence of momentum in the job sector along with investor, buyer, and seller confidence have created the perfect time to consider a move to Austin and the purchase of a home.
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Despite the nationwide fiscal stagnation, Austin remains a vibrant economic beacon to which many businesses are turning in search of skilled employees. Recently, many large corporations have committed to moving to Austin, or expand existing operations. Notably, Apple Inc., General Motors Co., and Visa Inc. have all expanded operations in Austin, creating an environment in which technologically savvy workers are greatly in demand. Additionally, entertainment firms and real estate markets have enjoyed tremendous success that has created a robust and flourishing relationship between Austin’s diverse economic interests. Overall, this is evidenced by an unemployment rate in Austin that is nearly three percent lower than the nationwide average. Yet it doesn’t seem Austin will stop its upward trend anytime in the near future. The city is positioned to continue its expansion, and analysts have predicted over 50,000 new jobs in the next two years.
This ensuing flux of jobs in central Texas has created an ideal opportunity for those who are entertaining prospects in an otherwise tough job market. Those considering a move to Austin will not only enjoy the benefits of job security, but they will also gain the advantages of a very attractive real estate market. Currently, real estate in Austin, Texas is priced very competitively in relation to other large cities boasting similar opportunities. Comparable employment prospects in other cities typically offer a situation in which a family would be forced to live in a cramped apartment or condominium. However, a move to Austin will allow families to choose amongst an abundance of attractive properties with beautiful space and amenities.
An Austin home search will turn up many attractive single-family homes, duplexes, and spacious condominiums which boast modern features and come with the benefit of living in a wonderful city. In turn, many of these attractive properties are located in different parts of the city that fit nearly every lifestyle choice. Realtors in Austin can help you choose which area of the city you would find most appealing. For instance, someone who enjoys cultural events and live music would be better situated downtown in the heart of all the action. Conversely, for a family seeking peace and quiet in search Austin homes, would likely look for one of the outlying suburbs that provide fresh air, space, and a great public school system. Yet whatever lifestyle you desire, in considering moving to Austin it is also beneficial to consider the great weather and all its added opportunities. It goes without saying that Austin’s climate is beautiful and offers a reprieve from harsh winters and the possibility for an active healthy lifestyle.
Considering a move to Austin can provide for a wealth of opportunities and allow for financial freedom with the economic prosperity that central Texas is enjoying. Additionally, an Austin home search will inevitably turn up a great deal of attractive housing that is priced competitively and will appeal to a broad market of home buyers. The time is certainly right for a move to Austin.
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