While the housing market in the U.S. has continued to slow down, the Austin market has had the opposite effect.

For instance, the price of a single family home continues to fall nationwide, but Austin’s prices are rising. In addition, the average home value has increased in Austin by 5.6%. where as the national average is seeing a decrease of 1.5%.

You can attribute Austin’s success to the huge growth in the past year. Companies such as Borland Software Corp. and Paypal Data Services Inc. have moved their home base to Austin. Samsung Electronics Co. opened another 1.5 million square foot factory which brought along 700 new jobs and Advanced Micro Devices Inc. is near completion of its massive headquarters located off of Southwest Parkway in southwest Austin.

When all is said and done the forecast for the Austin market will continue to stay strong and may even grow stronger.

Austin has seen a lot of changes occur in the last five years, a downtown skyline dotted with high-rise condominium buildings, a beautiful new 21-acre park in the heart of the city and The Domain. The Wall Street Journal posted the following article on their website today describing how Austin is moving up in the world of luxury goods retail.

 http://online.wsj.com/article/SB118886767541016463.html