October 21, 2015

Austin declared the best place to buy a home this year

From CultureMap Austin

Austin-area home prices are on the rise, but that’s not slowing down our hot market. In fact, a new study says Austin is the best place in the U.S. to buy a home.

The folks at SelfStorage.com examined the 60 biggest metro areas in the country to determine where potential homeowners should buy. Specifically, they looked at long-term economic growth, long-term job growth, availability of new housing, cost premium (ratio of median home value to median salary), recent price increases and real estate taxes.

Austin ranks No. 1 on the list, thanks in part to job and economic growth. “The capital of Texas boasts the highest long-term job growth and the second-highest economic growth numbers among the Top 12,” notes SelfStorage.com.

Read more.