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Austin Among Top Cities For Young Professionals

This is a great example of how Austin continues to thrive despite an ailing economy and slow economic recovery. Its encouraging to read articles like this one in national and local business journals. if your in the market to buy, its time to get good solid information not gossip. The real experts are where you should put your trust when it comes to real estate investments. Its time for for you to come forward and be heard. Buyers are being encouraged now more than ever to make a move. Interest rates are low and list prices are the same.  Austin real estate  like other parts of the country has not flatlined. This article was published in a national and local business journal. It is more of the same great encouraging news about  Austin’s bright economic future.

Wednesday, September 30, 2009, 1:33pm CDT

Austin cited as one of the next “youth-magnet” cities

Austin Business Journal

What do Washington D.C. , Seattle , New York , Portland and Austin all have in common? They are the five cities that top a new Wall Street Journal poll on where young people are likely to flock once economic recovery takes hold.

The Journal polled a panel of experts, from demographers to economists, on where young college graduates are likely to congregate in coming years. Austin ranked fifth on the list with the lowest unemployment rate of the five cities and a relatively high median household income. The Capital of Texas didn’t fare quite so well as the others on the education front, with 41.8 percent of 25-35 year olds holding a bachelors degree or higher compared with 61.3 percent in Washington and 64.2 percent in Seattle .

According to the Journal, ” Austin has become a gathering place for tech- and arts-conscious young adults.” The paper also lauded Austin for its cultural attractions like the Austin City Limits Music Festival and South by Southwest. But some of those polled by the Journal expressed concern over how strongly Austin will bounce back from the recession.

The top 10 post-recession boom towns for the young and ambitious:

1. (tie) Washington D.C.

1. Seattle

3. New York

4. Portland

5. Austin

6. San Jose , Calif.

7. Denver

8. Raleigh-Durham , N.C.

9. Dallas

10. Chicago