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24/7 Wall St.: The Best Housing Markets for 2013

5. Austin, Texas

Job growth: 3.5%
Vacancy rate: 1.2%
Construction permits: 21.5 per 1,000 homes

The Austin metropolitan area has benefited from a combination of job growth and declining vacancy rates.The 3.5% job growth in the first 10 months of 2012 was the third largest of all metro areas driven by a surge in job growth in sectors such as technology, education, healthcare and construction. Meanwhile, the 1.2% vacancy rate was the third-lowest of all metropolitan areas. Construction levels were at 120% of local historical normal levels in the first eight months of 2012, while there were 21.5 construction permits per 1,000 residents in the first 10 months. Both figures were better than any of the 100 largest housing markets.
(iStock)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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