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Austin, Texas is one of the fastest growing cities in the United States. With more people flocking to Texas from many parts of the country, the city’s real estate market is amongst the hottest in the country right now. We’ll take a look at ten reasons why.

Teifke Real Estate announced that median home values are expected to rise in the middle of next year. Rental rates are also expected to rise as well. Let’s take a look now at the list of ten reasons why Austin is the hottest real estate market (and you should jump in now).

1.   THE TECH INDUSTRY IS PLANTING ITS STAKE HERE

Some of the most popular tech companies like Apple and Tesla are making their presence known here in the Austin area. It’s becoming a second ‘Silicon Valley’. Tech industry jobs are also excellent in terms of pay.

Not only that, they are willing to find a place to live and the home prices are rising. Most might not be purchasing it outright, but rather renting. With rent going up, it may be a good opportunity to get in on the real estate opportunities when the gettin’ is good.

2.   MANY PEOPLE ARE MOVING TO TEXAS FOR AFFORDABILITY

Yes, there are many people flocking to Texas to flee the high taxes from other states. One of the excellent things about the Lone Star State is that it has no income taxes. This will be great for those who are looking for a good paying job or running a business.

Since Austin is growing fast, a lot of people are seeing it as a great place to settle down and call home. It’s a lively city and there’s certainly lots to do in Texas’s capital city. Besides, the rent might be affordable in Austin compared to other cities in the United States.

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3.   IT HAS A VIBRANT CULTURE

As the saying goes, ‘Keep Austin Weird’. The culture might have its own unique character, so it’s worth checking out. You might be a young person that likes to go out with friends.

 

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