If you have been reading my blog all year in 2012, you know that Austin is one of the hottest markets in the nation right now. That is not just my assessment--this is a wide spread contention from virtually every person who keeps up with the business of Real Estate. Pick a category--Austin is hot. Employment. New jobs. National intrigue. New migration of businesses. Education. Weather. Entertainment. Cost of Living. Health. Food. You name it--the analysts have probably put Austin in the top 10--if not the #1 ranked city in the nation.
As far as Real Estate and Real Estate Investment is concerned--it is not rocket science when housing inventory is low and demand is high. We are coming out of a year of 20% growth in sales volume that the coming year will most likely be as strong or possibly stronger than 2012. It seems to me to be common sense that we are in for more of the same.
Austin's job market is projected to grow--a lot. Austin's popularity and recognition on the national stage is growing daily. High Tech, Social Media and Medical are all growing here. UT has strong retention from students in the area. It is not a stretch to say that Austin is probably destined for more of the same in growth, growth and more growth for both 2013 and beyond.
Of course, I do not have a crystal ball, but when the wind is at your back, you don't have to be Dennis Conner to know how to bring home the Americas Cup. Austin seems to have all the favorable trade winds at our back and a strong indication that we are in for more of the same in the coming year!
Happy 2013 from your Austin area Realtor--Tim Thornton.