Austin-Round Rock area Rated #1 quickest economic recovery by Forbes Magazine

According to Forbes Magazine, the Austin-Round Rock area has been rated number one for the quickest recovery cities from the recession. Austin Real estate agents have noticed a slump in the market but compared to other cities around the country our market has stayed relatively strong. This promising news will further boost Austin commercial real estate and Austin residential real estate. The main reasons Forbes rated Austin the number one city to recover from the recession most so quickly is from the diverse economy that centers on technology, health care, and education. Forbes states that cities with strong technology sectors are making the quickest recovery in the United States.

This mean great things for Lake Travis and Lakeway real estate. The Lake Travis vacation rentals market has taken a hard hit because people have not wanted to spend money on vacations. This has hurt many of the local service businesses around the Lake Travis area but good times around the corner. If the market continues to improve at the projected rate, hopefully the Lake Travis area will return to the same volume of business it did last year by the end of summer.