RealEstateResourceAustin.com

As the fourth-largest city in Texas and the fifteenth-largest city in the United States, Austin is a burgeoning southern metropolitan area that has seen increasing popularity and explosive growth in recent years.  As the third-fastest-growing large city in the United States, Austin is now home to almost 770,000 people.  Because of this significant increase in residents, the Austin real estate market has gone under measureable stress, as reflected in the low number of Austin homes for sale.  As the shrinking supply of local properties has hampered the growth of the inner city, Austin has grown outwards, mainly in its suburban communities where several new bedroom neighborhoods have joined the already sprawling Austin area.

Residents of Austin are quite diverse in nature and are a mix of university professors, students, politicians, musicians, high-tech workers, blue-collar workers, state employees, and white-collar workers.  A large part of this diversity is derived from the University of Texas’ Austin campus.  The large student population created by the school has also strained the local real estate market as students are forced to find their own housing after just a year or two at the university.  In 2009, Austin was ranked as the third greenest city in America by CNN Money Magazine.

This entry was posted on Wednesday, August 26th, 2009 at 12:32 am and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.