Investors Should Bring their Money to Austin
As cities across the United States continue to expand in multiple aspects, including the housing market, investors have to make the decision on where to bring their money. Curbed conducted research to create a list of markets that will be the fastest-growing and most dynamic in 2018. Austin was one of nine different cities highlighted in the article.
While each city brings something different to the table, including Nashville, Tennessee, for its maturing music scene, Austin was highlighted for its tech frontier. The city is considered a desirable location for millennials to move, a city with a flourishing tech industry, and an extremely active real estate scene.
Just two things on a longer list of upcoming projects for the city is the construction of what will be the city’s tallest skyscraper, The Independent, and a new luxury tower will also go up on Rainey Street. Though it has been predicted that Austin’s increasing population will begin to slow down, the article stresses that this is not necessarily a bad thing.
“There was some hand-wringing at the end of 2017 when economic forecasts predicted Austin’s decade-long growth spurt would slow down. But with forecasters still expecting 3 percent job growth, this is the kind of cooling off many places would love to experience.”
Patrick Sisson, the author of the article, created this list by bringing in multiple experts — including those from the Urban Land Institute (ULI), RCLCO Real Estate Advisors, Zillow, Trulia, and Realtor.com — to consult.
[Via Curbed]Posted on Monday, March 12, 2018