A recently published article by Abodo lists Austin as one of the top metropolitan areas where people are moving into the fastest. The study of the moving trends in the top 10 cities included in the list cited several factors as to why they are moving in to these cities. But it appears that the millennials are one of the most significant factors influencing the trend. It is common knowledge that millennials are a strong driving force in the housing market, and their choice of residence clearly makes a significant impact in moving trends, particularly in housing data.
The Austin-Round Rock area is fourth in the list, with 8.28% of its current population being new residents. Majority of these new residents are millennials moving to the city for its promising career opportunities. However, it is unknown as to how long these millennials intend to stay, as they are also known to be constantly on the move as...
Austin is a great place for young families according to a study done by Value Penguin. The factors that contributed to Austin’s #1 spot on the list were divorce rate, public education, safety, and healthcare. Austin ranks well on lists for all these matters so it’s no surprise it was ranked #1.
For education and environment, Austin was ranked 3rd. Austin has some of the best public schools in the nation, with high test scores and high graduation rate, you want to raise your children here. Safety and education are huge things to consider when thinking about growing a family. You want your children to be not only educated but also safe.
Lastly, to discuss is divorce rate. This is one of the most important things to consider when raising a family. The divorce rate in Austin is remarkably low considering the national rate is much higher. When you link of the ideal life, you think...
Millennials are a powerful force that dictate on current housing markets, thanks to their fast-rising numbers and growing purchasing power. Because of this, real estate analysts find it valuable to study and project where these young home buyers are investing next. Realtor® conducted a study to determine the zip codes where properties are selling fastest to millennials. Across 32,000 ZIP Codes, 20 hottest markets came out to be the top choices of home buying millennials.
With main criteria of the study being affordable housing and strong job markets, researchers found that the 20 hottest ZIP codes sell 53 days faster than the national average at 25 days. Also, homes in these ZIP codes are viewed almost four times more often than other homes for sale in the country.
Jonathan Smoke, chief economist of Realtor.com®, says that "homes for sale in this year's hottest ZIP codes are selling almost as quickly as they hit the market," and that this phenomenon can be attributed...
Everyone wants to live in a happy place, so this could be the reason why Wallethub compiled a list of the most fun cities in the United States. Using 51 metrics, including number of fitness centers per capita, movie ticket prices, average hours of open breweries, etc., the research group came up with the 150 cities where you might want to live if you want to step out of your front door every day smiling. The cities that emerged on top of the fun-list are:
- Las Vegas
- New Orleans
- Salt Lake City
- Fort Lauderdale, Fla.
- St. Louis, Mo.
- Scottsdale, Ariz.
- Tampa, Fla.
- Portland, Ore.
- Tempe, Ariz.
- Pittsburgh, Pa.
- San Francisco
Austin ranked 32nd out of the top 150-- not bad for a city that caters to the needs of a diverse culture and age group. With its abundance of parks, restaurants, and bars that can make anyone's night life...
The U.S. housing market is largely driven by the growing purchasing power of millennials. Therefore, their choice of residence consequently indicates an area of growth and prosperity, as the places where they move to are most commonly teeming with opportunity. As such, Realtor.com® made it a point to research the hottest zip codes that millennials are currently moving to, and they came up with the list of "20 Hottest Zip Codes for Millennials in the U.S."
Realtor.com®'s research team selected the top zip codes from over 32,000 entries to find out where properties are selling quick to millennials, thanks to housing affordability and strong job markets. Data shows that in the top 20 zip codes, homes sell at an average of 25 days-- 53 days faster than the rest of the United States. Home views in these zip codes also come four times more frequently, making real estate a thriving economy in the area. Jonathan Smoke, chief economist...
A University of Utah research team identified 10 cities in the U.S. where prospecting efforts may best pay off for business owners and professionals in need of investors, and Austin is one of them. Comparing the social interaction potential in 42 of the largest metropolitan centers in the United States, the study (which started in 2013) observed how strangers in cities interacted in public areas such as subways, coffee shops, and by meeting each other on the street. Factoring in the percentage of single adults, number of facilities such as libraries, number of individuals active in using "meet-up platforms", number of volunteer works, etc., the research team came up with the "10 U.S. cities that are best for making new friends":
- Austin, Texas
- Milwaukee, Wis.
- San Francisco
- Pittsburgh, Pa.
- Buffalo, N.Y.
- Portland, Ore.
- St. Louis,...
Austin did it again! The latest accolade for Texas' capital is its ranking from Travel + Leisure as the "9th best city in the U.S." for T+L's World's Best Awards Readers Survey. The beloved Southern metro beat Portland (a newcomer in the list), Boston, and San Antonio in the magazine's Best Cities in the United States list.
T+L explained that majority of poll particiants for this year's awards were impressed with the progress and beauty of cities in the American South, leading to the inclusion of Austin and San Antonio in the 2016 list. Poll participants rated the cities according to culture, food, shopping, friendliness, sights...
A recent report compiled by Zillow identifies the top U.S. cities where millennials are currently living alone. The significance of this data lies in the growing purchasing power of millennials and how they are affecting the current real estate market. Richmond has the highest share of millennials living solo in the entire U.S. Our very own city, Austin, made it to the top list at the 8th spot.
Among the factors that were considered for selecting the cities that made it to the list are the abundance of amazing career opportunities, housing expenses considered affordable for a millennial's salary, and the ability to save more-- thanks to a lower standard of living.
To know more about the metro areas with the greatest share of millennials living solo, you can check out our blog about millennials or check out the...
A recent study conducted by Realtor® reveals that Austin is one of the top U.S. cities where Americans are moving. Using three data sets from the Census Bureau for migration data from 2009-2013, cross-metro moving requests on Moving.com®, and Cross-metro search traffic on Realtor.com®, Realtor® concluded that Austin is the 5th city where Americans are moving.
Affordable housing and strong job markets are what these cities have to offer, so it comes as no surprise that Americans are moving their lives to these cities where better opportunities present themselves.
Austin, as a home of 2 million people, shows tremendous increase in its population based on how its population multiplied eight times from 50 years ago. Experts claim that it started when IBM opened a facility in the area. The tech boom soon followed, and today we have Apple, Google, Facebook, Intel, and Samsung as some of the largest tech companies with a base in the Texan Capital.
A recent NerdWallet Inc. report includes Austin in it's list of most mobile-friendly U.S. cities.
Analyzing data from the country's 50 most populous cities, NerdWallet examined carrier network performance, customer service ratings, mobile websites, and information on taxes and crime risk.
Thanks to the fast upload speeds and rave customer service reviews of Austin, it gained the tenth spot in a list dominated by mostly California-based cities. With an average wireless tax rate and 8th city with the highest number of mobile phone stores, the Texan capital has 4.6 stores to cater per 10,000 residents.
To know more about the other cities that made it to list and the metrics used by NerdWallet in coming up with the top ten list, you can read the ...
Pennsylvania-based Sungard Availability Services Capital Inc. ranked the city of Austin as the best U.S. city for launching a technology startup in its latest survey. The Texan capital was ranked first according to the number of new tech entrepreneurs and third according to the percentage of the city's workforce directly employed in a tech job.
The other cities that made it to the list are New York (2nd), Seattle (3rd), Denver (4th), and Atlanta (5th). Notable tech city San Francisco ranked sixth, and Houston landed the tenth spot.
March data shows that salaries of tech-based jobs have increased by 30% percent in the last decade-- a testament to the growing influence of the tech sector in the city. Data from career website Dice.com shows that tech jobs in Austin offer salaries up to $98,672-- the highest salary offering for Texas-based...
A recent survey by Glassdoor ranks Austin, Texas among the best city for jobs. Turns out millennials are heading to the right city in the south. Out of 25 cities in the U.S., Austin made it to the sixth place in a ranking based on the ease of getting a job, cost of living, job satisfaction, and work-life balance. Based on data Glassdoor already has, it's very clear that Austin deserves to be in the top 25 list.
Garnering a score of 3.3 over 5, Austin gained a very high spot in the list thanks to its 45,186 job openings, $61,000 median base salary, and 3.4 Glassdoor satisfaction rating. The most in-demand jobs in the city are reportedly positions for creative director, finance manager, and solutions architect.
The only other Texan city that made it to the list is San Antonio at the 20th spot. The top city with work-life balance and job security, on...
Eighty percent of Americans live in its urban cities. Who can blame them? Living in the city makes everything within reach. And in spite of the rising living costs, people prefer living in cities where the jobs are, and so are the amazing amenities that make life easier and enjoyable for them.
However, living in the city also has a negative effect on the populace. The air pollution, traffic, noise, and the lack of green, open spaces can truly drain our inner being. Therefore, it does not come as a surprise that urban planners are reviving the "Green Revolution" by way of reintroducing parks, spaces, and greenery in the metro for city dwellers to enjoy.
Realtor® compiled a list of "10 Best U.S. Cities for Urban Nature-lovers". Austin makes it to the list, thanks to the wide open parks and scenic views we all love. Realtor® made use of these six criteria in order to find the most "nature-tastic" big cities in the United States:
A recent survey by the American Pet Products Association reveals that 54.5 million American households (or 44% of the total American population) owns at least one dog. And looking at the the spending of American dog owners from 2001 to 2015, it is amazing how much people are spending for "mans's best friend". APPA reports that people have doubled their spending on their canine friends from $28.5 billion 15 years ago to $60.28 billion today. Truly this data is indicative of how much we give importance to our pets, even giving consideration to them when choosing where we'll live.
Recent Realtor.com® data reveals that there are cities that are great for our canine friends, so living in them is perfect for families with K9 companions. Here...
You're fresh out of university and you have three things in mind: pay off your student loans FAST, get a great job (that would help you pay off the loan quicker), and buy a home. Admit it-- being able to afford your home means you've done well in your career, and many young people use home ownership as a benchmark of their success. Want to know where millennials stand a great chance of getting all these three things at once? Austin, Texas.
A recent report from the National Association of Realtors® [again] hailed the southern metropolis as the best city for young home buyers (an accolade the city has been enjoying for the past few years). Using employment, population, income, and housing condition data as metrics for the study, Austin landed the top spot in the "Best Cities" List. The other cities that made it to the list are Charleston, Denver, Minneapolis,...
In a SmartAsset study published this May, there are interesting findings that give insight on recent millennial buying trends and their choice of location when making a real estate investment. As part of our accolades blog post series, we bring you the latest praise from a reputable scientific study conducted to enlighten young buyers where it's best to buy a home (HINT: Texas is in the list. Why should we even be surprised?).
Premise 1: The study noted that homeownership rate among young people has been steadily declining in the past few years, with home owners aged 35 and below at 43% in 2005, but with today's rate of the same group at only 35%.
Premise 2: Many factors may have affected the shift, such as the rising housing cost in cities, but data suggests that homeownership among young adults is not declining at all. In 21 of the largest 200 cities in the U.S., homeownership rate among adults under 35 have increased over the past...
An article published by The Washington Post and featured by Realtor® identifies the top U.S. cities with the fastest rising home values. Here are the hottest zip codes where home prices have seen a rise as much as 194%:
7. Pittsburgh: ZIP Code: 15224 – 86%
6. Washington: ZIP Code: 20002- 91%
5. New Orleans: ZIP Code: 70119- 108%
4. Nashville: ZIP Code: 37206- 108%
3. Portland: ZIP Code: 97227- 117%
2. Austin: ZIP Code: 78702- 172%
1. New York: ZIP Code: 11216- 194%
Brooklyn’s Bedford-Stuyvesant (ZIP Code 11216) has seen the most tremendous jump in single-family values among the 300 largest metros studied nationwide by The Washington Post, with 194% (data from 2004 to 2015). As a result, home...
A recent Gallup Poll involving 1,000 adults in the United States gave interesting insight on what modern-day Americans perceive as the best long-term investment. Real estate has been the top choice of investment for the past two years and has bested four other popular investment choices: stocks and mutual funds, gold, savings, and bonds.
Thirty-five percent (35%) of the sample's participants chose real estate as their top investment choice. Stocks and mutual funds followed at twenty-two percent (22%); gold at seventeen percent (17%); savings accounts at fifteen percent (15%); and, bonds at seven percent (7%). Current data shows a dramatic change in the preference of the public, since the popular choice in 2011 was gold at thirty-four percent (34%) and real estate at a measly nineteen percent (19%).
Gallup says that "as the average sale price of new...