Austin for Your Next Move

By: Joe Cline

Well, it seems that whatever you're looking for in a city, Austin not only has it, but Austin has it the best! Yes, if you are searching for a place with good business opportunities, lots of sustainable living practices, career opportunities or just a great place to live, then Austin is the declared winner.

Recently, Austin has been winning so many awards for so many different attributes that it seems it could be used as a role model for other cities. On top of all these brilliant awards, Austin has been told that the real estate market is also amongst the top markets all across USA.

This real estate news was projected by P.M.I. (Private Mortgage Insurance Co.) who quoted ten US cities as having less than a one percent chance of declining realty prices in the next eighteen months. The list was compiled to help PMI decide which areas would likely be bad housing risks for their mortgage insurance business. Ten cities tied for top place and Austin was one of them.

This projection is backed up by actual statistics published by First American Loan Performance who state that the average Austin home listed at 8% more, and sold for 5% more, than at this time last year.

It is not surprising that Austin was voted 'Greenest City in America' by MSN, as the city has been making genuine attempts to become 'greener'. The 'Green Building Program' developed and watched over by Austin Energy is one example of this.

The largest (so far) retail outlet in the Catellus Development Group's new Mueller redevelopment has implemented the recommended guidelines. The 141,000 square foot Home Depot is the first Home Depot to be built that has followed a specific 'green' guide.

Austin's foresight in having these guidelines put in place has deservedly earned it the title of 'Greenest City'. To their credit, Home Depot took up the challenge and is aiming for the three star rating from Austin Energy.

In terms of 'Economic Vitality', Moody's Economy awarded the #1 spot in their index to Austin and they chose from 400 different American cities.

From a business viewpoint, just last month, Austin ranked #1 in the 'The Best Places for Business and Careers' by Forbes magazine. However, this has interesting implications for the average family that may be thinking of moving to Austin.

When Forbes magazine designed their survey, they realized that other factors come into play for businesses looking to re-locate. Many of them are social factors. To this end, Forbes magazine took into account a broad selection of indicators.

After including the usual statistics about the price of office space, labor, energy and taxes, they looked into the social side of Austin. Rankings were taken on crime rates, net migration and housing costs as well as the quality of the pool of labor.

The fact that Austin ranked as #1 must mean that it is simply a great place to live. Money Magazine conducted research into the 'Best Big City' in which to live; surprisingly, Austin came in second place - do you think it was a typing error?

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