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Austin brewing perfect storm of age diversity

from Austin Business Journal

Austin — a veritable magnet for young people — ranks No. 6 among U.S. cities for senior migration. At the same time Austin ranks No. 5 for the number of Millenials planning to call it home. From a real estate standpoint, this means Austin needs a wide variety of housing to appeal to households all across the demographic spectrum. Developers, many of them very young compared to other more established metro areas, need to be mindful of the housing and retail trends for all age brackets. Affordability, especially for the middle class and even the upwardly mobile middle class who generally are closed out of subsidized benefits, will be a pivotal issue. more


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