Austin, Texas Real Estate Sales Rise as City Ranks #2 in Forbes' Best Cities to Buy a Home List

Austin, Texas Real Estate Sales Rise as City Ranks #2 in Forbes' Best Cities to Buy a Home List

Buy : Russia | Aug 14, 2012 at 10:02 AM PDT
Source: PRWeb
Views: Pending

August 14, 2012

Now is a good time to invest in Austin, Texas real estate according to Forbes magazine, which recently ranked the city #2 in its list of “The Best Cities to Buy a Home Right Now.” Citing figures from, Forbes points out that Austin’s homes for sale are selling 20% faster this year as compared to the same period last year. Among the other significant factors that affected the city’s ranking are the 19% dip in inventory, the 12% increase in list price, and Austin’s relatively low 6.1% unemployment rate.

“What these numbers are telling us is that savvy investors are betting on Austin,” says prominent local Realtor John McDuff, “and, indeed, why wouldn’t they? Austin is one of the best places to live in the country, with a strong, thriving economy, a topnotch school system, and a dynamic cultural scene. What this means to investors is that property values here are likely to continue appreciating, which is why they’re buying now while prices are still not that high. So whether you’re in the market for a primary home or an investment property, condos or Austin luxury homes, it’s a good time to seriously consider investing in real estate here.”

A native Austinite, McDuff’s extensive personal knowledge of the region has allowed him to provide his clients with invaluable insights on homes for sale in Austin, TX and the city’s various neighborhoods.

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