According to Forbes.com, Austin is one of the top 10 recession-proof cities in the United States. With one of the lowest employment rates in the country (3.6%) and median home prices under $200K, Austin appears to be doing quite well.
The Austin Board of REALTORS reported the median price for single family homes was $186,680 this March, which puts Austin in the top 5 of the 10 recession-proof cities as far as affordable housing goes.
Ready to put recession woes behind you? Austin may be just the place to call home. Start your search for Austin homes for sale with a great search tool and loads of neighborhood information at AustinHomeListings.com.
Reference: America’s Recession-Proof Cities by Joshua Zumbrun, Forbes.com, April 29, 2008