Austin is also ranked the #1 for Business among U.S. cities and the employment statistics can attest to that. Austin area job growth is holding steady with unemployment figures remaining at an all time low of 3%. Austin has a lot to offer as a residential choice, but it also has a lot to offer in the business market, and with many new businesses moving in, the local economy is remaining strong. The local economy is remaining strong and last week analysts in the Austin American Statesman reminded residents that the housing market differs dramatically in various parts of the country, and that all real estate is local. The local real estate in Austin is holding steady and active listings are showing an increase over the same time last year.

In fact, four fifths of the listed properties for sale are re-sale homes. In spite of a slow down in sales which is normal for this time of the year, realty prices in the Texas area have continued to rise. Interest rates remain low and to some extent, the recent changes in national lending requirements may have slowed things down, but Austin is still a sellers market. Some homes are still selling within days and still some homes receive multiple offers.