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Welcome to
Downtown Austin Facts.com

While many people believe that the Downtown Austin condo market is overbuilt, the fact is only about 400 new condos remain for sale downtown. With the economic downturn and continuing tight credit markets it is very unlikely that any more new condos will be built downtown for at least another 5 years. That means there are only 400 new downtown condos for sale for the next 5 years.

In fact, Downtown Austin is one of the strongest residential housing markets in the country and Austin's population and economy continue to grow even during this recession. Living downtown is good for the environment, good for Austin, and a whole lotta fun.

In The News

Austin’s economy is stabilizing and “on the mend”

Austin American-Statesman | Tuesday, June 16, 2009

The Austin-area economy has stopped declining and might be ready for a gradual recovery in the next year, according to a new report from economists at Wells Fargo. Read More

Austin area job growth holds up

Austin American-Statesman | Saturday, June 20, 2009

The Austin area continued to add jobs in May, the only large Texas metropolitan area that has done so for the fourth month in a row. The Austin-Round Rock area gained jobs at a 0.5 percent rate last month compared to a year earlier, the Texas Workforce Commission reported. That translates to 4,200 jobs, bringing the region's job count to 781,400. Read More

Once again, Austin leads US in big-city job growth

Austin American-Statesman | Thursday, June 04, 2009

The Austin area had the nation's strongest job market among big cities last month, according to data released Wednesday by the Bureau of Labor Statistics. Among the 38 metro areas with a work force of at least 750,000, only Austin gained jobs from April 2008 to April 2009, the bureau said
Read More

Austin poised for a swift recovery

MSNBC.com | Wednesday, July 22, 2009

he three most important things in real estate: location, location, location. It's true for recovery from a real estate bubble too. Overall, many economists expect the national economy to return to growth later in 2009, perhaps as soon as this summer. But that won't be the case everywhere. While some cities are poised for a quick rebound, others face a slog to recovery that could take years.
Read More

Austin will be the 5th fastest growing US metro in coming years

Austin Business Journal | Tuesday, June 2, 2009

The population of the Austin metro area will grow to more than 2.7 million by the year 2025, according to an analysis of government data by bizjournals. The projected growth rate of Austin and its suburbs ranks 5th among 250 U.S. metropolitan areas studied in the report. Read More

Best Places to Live 2009

U.S. News & World Report | Monday, June 8, 2009

If you're a free spirit, music junkie, or barbecue lover—or if you simply have what it takes to "keep Austin weird"—Texas's state capital is for you. Considered ground zero for live music, this city of 716,000 residents is home to legions of musicians and nearly 200 performance venues. In addition, Austin hosts the always popular South by Southwest festival. Since its inception in 1987, the event has mushroomed from a local gathering to a 1,800-band, 80-stage extravaganza of music, filmmaking, and interactive activities featuring performers from all over the world. Austin is also a high-tech hub, with companies like Dell and IBM, which employ thousands of residents. Read More