Hey Austin, TX...the Glass is Half Full

With so many news stories regarding the downturn in the real estate market, wouldn't you like to hear a little good news for a change? 

Well, if you're already living in Texas, then you're ahead of the rest as Texas is growing at a rate of 12.7%, twice what the rest of the nation is experiencing.  At this rate, another 4 million Texans could be added to the total population by 2010 - all of which will be finding new homes and continuing to fuel the real estate flame.

Have you made it to Austin yet?  Those already living in Austin have experienced even more phenomenal growth!  In fact, Austin was the 6^th fastest growing city in the entire country in 2006.  And, counties in the greater Austin area, such as Williamson, which currently ranks as the 66^th fastest growing county in the country, continues to help central Texas shine on the real estate map.

With only a two month supply of inventory homes, experts around the country have started to take note of Austin's tight supply and increasing demands.  And as the relatively inexpensive real estate continues to lure businesses to relocate to Austin, the trend should continue.

Amidst the national media campaigns spreading discouraging stories of real estate bubbles that have been burst, Austin consumers can rest assured that with continued population growth comes a thriving real estate market.

Sources: U.S. Census Bureau, Residential Strategies, Inc.