According to Forbes, the Austin-Round Rock, TX area is the BEST city for Recession Recovery across the country.

Why?  Many factors...

One is that unemployment is low at 5.8% (however, the local news reported unemployment even lower, at 5.4% so I'm not sure which number is correct).

Second is that the area has a very diverse economy from Tech jobs at Dell to Government jobs at the State Capital, to Teaching jobs at The University of Texas.

Third is that Austin, like many Texas cities, did not have a "bubble" like what happened in other states.  Granted, there are pockets of communities within the area that saw some bubble action, but overall, the appreciation stayed steady, about 3-5% each year, and that's what helps real estate stay steady.

San Antonio, Dallas/Fort Worth, and McAllen were three other big areas of Texas that are showing to have a good recession recovery.

**Are You Packed Yet?**

Donna Harris, REALTOR®
RE/MAX Austin Skyline
www.DonnaHomes.com
Donna@DonnaHomes.com

Austin, TX real estate and the surrounding areas of Lakeway, Bee Cave, Westlake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Whether you're buying or selling, I'll be with you through the entire process.

 
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4 Comments on The Best City for Recession Recovery is Austin TX

JUL
27
2009
1,911,866 Points 385 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Donna, during the bubble years, I followed the Texas market pretty carefully.  And now I'm thinking that the areas like yours that missed the lunacy that we saw up here are much better in the long run. 
1:09pm • #1
376,733 Points 26 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Donna - I think the Austin area was lucky to have missed the bubble.  I have found many people leaving the hardest hit areas to the recession proof areas like Austin and even Raleigh NC.  California has a lot of disgruntled homeowners and ex homeowners that may be interested in Austin if the realize what a beautiful city it is.  Maybe you can find a way to get that info out there!
2:56pm • #2
JUL
28
2009
905,565 Points 93 Featured Posts Attended Rain Camp Called Shot Master

Congratulations on being #1 on that Forbes list.

Like Nevin commented above, we're lucky to be living in areas where life is good!
12:23pm • #3
1,307,623 Points 96 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

Pat, To an extent, you would think that, but Texas also has the lowest credit rating across the country, and it's difficult to get loans these days with the new credit criteria.

Nevin, We're getting tons of CA relocation!

Craig, Or "better".
12:38pm • #4


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Donna Harris, REALTOR®, CDPE & ASP - Hill Country Austin Lakeway Homes

Donna Harris, REALTOR®, CDPE & ASP - Hill Country

Austin, TX

More about me…

Regent Property Group

Address: 7035 Bee Caves Rd #204, Austin, TX, 78746

Office Phone: (512) 592-7127

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This blog is to help educate Buyers, Sellers and even other Realtors across the country.  Each market is different and the way Real Estate is done is different.  Austin Real Estate is completely different than Dallas, California and Florida and everywhere else in between.  Some times there will be other things besides real estate as I like to rant and rave as much as the next!!  Come back often!

Donna Harris, REALTOR® with RE/MAX
Donna Harris, REALTOR® with RE/MAX
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