Americas fastest Growing Cities

In the early 1990s Austin , Texas was a city full of empty office towers , whereas now the likes of companies like Apple, Progressive Insurance and Whole Foods are moving into the city creating hundreds of job opportunities. The knock on effect of this is buyers from out of state are snapping up houses that in comparison to many areas are ridiculously cheap.

Many properties will have multiple offers and sell for full or more than full price and then be under contract within 48 hours.
Austin is ranked first on Forbes’ list of America’s Fastest Growing Cities for the second year in a row.
According to Moody’s Analytics, the Austin metropolitan area — including the northern suburb of Round Rock, home to Dell Computer — is expected to have an economic growth rate of 6% a year through 2016, more than double the nation as a whole. Apple is likely to sign off soon on plans to build a $304 million operations centre that will employ as many as 3,600 people.
When constructing the list of fastest growing cities all factors were needed to be taken into consideration , projections of economic and population growth from Moody’s were factored in with median income, unemployment rates and employment growth. This ensured comparisons were fair a good overall view was given.
Top Five Fastest Growing American Cities
1 . Austin , Texas
Projected economic growth rate, 2011-2016: 6.1%
Population growth rate: 2.8%
Current MSA population: 1.8 million
Median income: $56,613
2. Dallas, TX
Projected economic growth rate, 2011-2016: 5%
Population growth: 2.2%
Current population: 6.23 million
Median income: $55,526

3. San Hose CA
Projected economic growth rate, 2011-2016: 4.7%
Population growth: 0.9%
Current population: 1.88 million
Median income: $83,551
4. Houston, TX
Projected economic growth rate, 2011-2016: 6.1%
Population growth: 2%
Current population: 6.23 million
Median income: $55,297
5. Salt Lake City, UT
Projected economic growth rate, 2011-2016: 4.4%
Population growth: 1.5%
Current population: 1.16 million
Median income: $65,405