Forbe’s has just announced the top-10 most recession-proof cities and two central Texas cities made the top 3!  #2 was San Antonio and #3 was Austin.

1. Oklahoma City, OK - Falling unemployment rates, strong housing market, and growing agriculture make OKC a great buy.
2. San Antonio, TX - Growing industry, undervalued but climbing prices on homes, and new businesses keep San Antonio on the rise.
3. Austin, Texas - The median home price is up 6.4%, unemployment is down to 3.6% from 3.8%, and out economic growth continues.  We no longer depend on one or two main companies ( like Dell) to survive.  We have a bustling business sector.

I still don’t recommend playing the housing market like the stock market unless you are dedicated to being an investor, but I would like to show you yet another bit of proof that the housing bubble is absent in Austin.  Don’t stress over your home’s value!  You can make a great deal of wealth in real estate if you can learn to take everything you hear with a grain of salt.  Investing and moving every few years can build a great deal of wealth, but is not for everyone.

Just rest assured that Austin is an amazing city that is keeping your home’s value in a steady state of growth.  Think of it as a Blue-chip stock rather than a Tech Stock!

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• Is Your Realtor®/Real Estate Agent Screwing You?
• Austin & The National Recession
• 2007 In Real Estate - Austin Market Update
• What gloom & doom?

Tags: austin, austin real estate, economy, financial planing, hot market, housing //