New Rules of Real Estate 2007
The housing market may be melting down, but Business 2.0 worked with Moody’s Economy.com to identify 10 cities that have just about hit rock bottom - and offer opportunities for savvy investors to get in while the getting’s good.

By Paul Kaihla, Business 2.0 Magazine senior writer

8 of 10

Austin
Projected median sales prices for single-family homes:

Q1 2008: $186,350

Q4 2009: $195,060

Growth rate: 4.7 percent

In Austin, the rental market takes a backseat to buyers, many of whom hold high-paying jobs with tech giants like Dell, IBM, and Freescale Semiconductors. Austin’s population is well educated - 40 percent have a university degree - and the Texas capital ranks among the top major metropolitan areas for business startups per capita. Austin also has the highest percent age of residents in the coveted 25- to 34-year-old demographic and, >>>Click for full article

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