How is Austin overcoming the housing market odds?
The homes for sale in Austin are attracting attention from a variety of interested homebuyers, which is reflected in recent data.
According to US News & World Report, Austin house sales have been on the rise since the economic recession in the late 2000s.
"We haven't seen the typical slowdown in September when school starts," a local real estate expert told the news source. "Interest rates are still so low, and people are really taking advantage of that - right now we have 8 closings set for September."
Jim Gaines, a research economist at Texas A&M University's Real Estate Center, told the news source that lower-than-average home prices in Austin and other Texas metros have contributed to the booming housing market. Many property buyers looking to live in a big, urban environment have been attracted to this region.
Austin officials continue to take steps to ensure this city will remain an attractive place for residents - now and in the future.
The Austin Energy Solar Rebate program
On October 1, 2012, the Austin City Council's fiscal year 2012-2013 budget will go into effect, and residents might immediately notice its impact.
For example, those who purchase homes in Austin could take advantage of the Austin Energy Solar Rebate program. The approved budget calls for additional rebates from this program, which was designed to encourage homeowners to install solar energy systems.
Austin Energy, the city's electricity provider, is offering residents solar photovoltaic (PV) rebates for customers who use clean, renewable energy systems. Participants can choose from a variety of solar energy system installers, inverters and modules, and these items may help homeowners lower their electricity usage.
While the average residence uses roughly 12,000 kilowatt-hours of electricity each year, a solar PV system requires less energy to produce the same results. In fact, homeowners might be able to save between $100 and $140 on their annual electricity expenses.
There are several benefits to participating in this program. Homeowners who meet Austin Energy requirements can easily maintain the solar PV systems, lower their homes' energy emissions and reduce their electricity costs.
The Austin Energy Solar Rebate program is one of many initiatives city officials have promoted to help homeowners in the area. Consider the benefits of this program and others in the area when evaluating the homes available in Austin.