Develop Austin Texas

NuWire Investor and Housing Predictor released their Top 10 List for best housing markets to invest in for the remainder of 2009. “The top 10 US real estate markets for 2009 are not large metropolitan areas, but rather small communities with strong prospects for growth,” they report. “The following list of high potential housing markets may not appreciate in the short term, but have the highest likelihood of long term appreciation.”

Texas appears twice on the list: in the number one spot is Amarillo, Texas; and number eight is Austin, Texas. “Austin, Texas and Tucson, Arizona are the largest metro areas to be named to the list possessing the highest probability of growing through the recessionary economy over the next few years,” the article continues. “As a high-tech hub, Austin will have what it takes to not only sustain the downturn but see home values inflate.”

Seeing Texas twice-over on the list shouldn’t be a surprise; earlier in the summer NuWire Investor reported that the Southern region posted the strongest quarter-over-quarter price return in the housing market (despite the overall decline of 1.7%).

Austin, Texas clearly continues to remain a good investment with great development land deals to be made.