Great acclaim and great popularity. That’s been the story of Austin and San Antonio for the last several years, as the two cities have appeared on numerous “Best of” lists, swelled in population, and enjoyed their positions as two of the fastest-growing cities in the nation. And they’re not done yet. Fortune just released its list of the Best Real Estate Markets for 2016, with Austin and San Antonio sitting at No. 3 and No. 5, respectively.
“Trulia Housing Economist Ralph McLaughlin cast a wider net when deciding at which home markets interested him most,” said Fortune. “He looked at five metrics: strong job growth over the past year, low vacancy rates, high affordability, more inbound home searches than outbound, and a large share of millennials.