Urban Land Institute Names Austin The Best Market To Invest in Real Estate

    austin_capitol_carousel“The Texas state capital has become a perennial favorite among survey respondents,” reads the report. “Austin continues to benefit from diverse job creation ranging from service jobs to higher-end STEM and technology, advertising, media, and information (TAMI) positions. Austin remains an attractive place to live for all generations.”

    A breakdown of the local market shows Austin’s many strengths. Austin ranks No. 1 for development, No. 2 for home building, and No. 4 for investment. All property types are attractive, but local single-family and retail properties are the most favorable.

    The outlook may be rosy, but the report cautions that the growing real estate market may outpace Austin’s infrastructure, which comes as no surprise to the Austinites stuck in horrendous daily commutes.

    Dallas-Fort Worth is the No. 1 market to watch for 2016. San Antonio ranks No. 20 overall. Houston is No. 30, a big step down from its No. 1 spot last year.

    To see the full list of cities and to see why they used the data click here.

     

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