The Urban Land Institute has highlighted some of the top U.S. real estate markets for 2020 and right at the top of the list happens to be Austin, Texas. This comes after Austin sat at the sixth spot just a year ago, according to HousingWire.
"Our analysis considered many salient features: Its slogan (“Keep Austin Weird”), deep pool of talent, unique and popular lifestyle, and ambitious commitment to business and real estate expansion," according to Emerging Trends in Real Estate report issued by ULI and PwC.
Unfortunately, there are a few downsides to Austin, traffic is an issue and with the current projected population growth rate, traffic issues could grow, according to the report.
Meanwhile, Raleigh; Durham and Charlotte, North Carolina all placed within the top five real estate markets in 2020.
To check out the entire list of top real estate markets for 2020, click on the image above.