Austin House/Mortgage Blog

Austin Texas

Median home price: +6.4%

Unemployment: 3.6% (from 3.8%)

Key growth: Natural resources and construction, +5.1%; leisure and hospitality, +5.3%

One of the hippest cities in the country has one of the lowest unemployment rates. The Austin region is home to Dell, and many tech companies from Apple to Sun Microsystems also maintain a significant presence. One difference between “Silicon Hills,” as some call Austin’s tech sector, and Silicon Valley? In Austin, the median home price is still under $200,000.

http://www.forbes.com/2008/04/29/cities-recession-places-forbeslife-cx_jz_0429realestate_slide_2.html?partner=yahoore

This entry was posted on Tuesday, May 13th, 2008 at 2:51 pm and is filed under Uncategorized.You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.