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Austin still ranks high in hottest real estate markets

The area has cooled a bit, but it remains one of the most desirable areas in the US.

The Austin skyline from afar, with grass in the foreground.

You don’t have to tell us Austin is a great place to live.

Photo by @theaustinaesthetic

Texas is hot — both literally and figuratively. 🔥

Texas cities were all over the 2023 Emerging Trends in Real Estate list — put together by the Urban Land Institute and PricewaterhouseCoopers — and Austin remains in the top five hottest markets of the US and Canada. The study measures overall real estate prospects for the coming year.

Here’s how Texas’ most desirable markets stack up:

  • No. 2: Dallas-Fort Worth
  • No. 4: Austin
  • No. 12: San Antonio
  • No. 14: Houston

Given Austin’s explosive growth and proclivity for new development, the city falls into the “Supernova" category, which is defined by “tremendous and sustained population and job growth,” high “economic diversity and white-collar employment,” and likelihood to remain on that trajectory.

Though the capital city falls behind Nashville, Dallas, and Atlanta, Austin’s placement has not wavered since the 2022 report. However, Dallas shot up a staggering five places, surpassing Austin for the first time since 2019.

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