Austin #1 Boom Town in U.S.

Forbes Magazine likes Austin. In their latest city rankings, Austin placed first in the list of cities poised to grow in the next decade. Austin scored well with high rates of immigration and migration of educated workers. The city is also expected to see increases in population and the number of children living here. Job creation, among the tops in the nation, also played a part in the final tally.

Downtown Austin

In all, Forbes looked at the 52 largest metropolitan areas, each with populations above 1 million, and ranked them using a combination of past results and anticipated future vitality. With one-third of the rankings weight placed upon recent job growth, it is clear that our economy is helping us to the top of the charts. While other cities face declining employment and populations, Austin has grown both.

Texas, in general, fared very well in the study. San Antonio placed fourth, Houston ranked fifth, and Dallas came in seventh. Here is a list of the top 10 Boom Towns, according to Forbes:

1.   Austin, TX
2.   Raleigh, NC
3.   Nashville, TN
4.   San Antonio, TX
5.   Houston, TX
6.   Washington, DC
7.   Dallas, TX
8.   Charlotte, NC
9.   Phoenix, AZ
10. Orlando, FL

Equally as telling are the rankings of some of the largest and most iconic cities in America. Los Angeles and Chicago tied at 47.  San Francisco placed 42 and New York was 35. While these largers cities will continue to survive, they will not lead the growth over the next ten years, according to Forbes.

To read the complete story, please click here.

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About missionmortgage

A full-service professional mortgage banker providing lending in Texas for over 25 years. Our main office is located at 901 S. Mopac Expwy, Barton Oaks V- Suite 120, Austin, TX 78746 with branches in Lakeway, Houston, and Sealy. Mission Mortgage has been ranked as a Top 10 Mortgage Company in Austin for the past 7 years (Austin Business Journal).
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