Is Austin an ideal place to launch a small business?
Entrepreneurs considering the possibility of launching their own businesses might want to consider one of the homes for sale in Austin. According to The Business Journals On Numbers, the city showed itself to be one of the South's healthiest housing markets, earning the title of Small-Business Champion for the region. Austin earned the honor thanks to its business climate, beating out 37 Southern markets to receive the award for the third consecutive year.
"Austin always has been driven by creativity and entrepreneurship,” local real estate expert Brian Talley said, according to a press release. "Buying local is a way of life here, and that support of business owners is given back in terms of home value."
Now might be an ideal time to invest in Austin property, as the city has been recognized for other positive economic indicators. Homebuyers interested in launching their own businesses could benefit from the metro's booming economy, as Forbes ranked Austin as the fastest growing American city in April 2012. Economic research firm Moody's Analytics predicts Austin will display 6 percent growth per year through 2016, more than double the the nation's rate as a whole.
Launching a small business could be a lucrative venture for ambitious entrepreneurs, so consider buying a home in the city to become a resident of this expanding metro.