Tagged : austin economy 
There are currently 14 blog entries matching this tag.
Austin Snags Best Real Estate Market In 2012
Friday, January 20th, 2012 at 5:13pm. 877 Views, 1 Comments.
Austin's market never fails to impress as noted by Trulia's Chief Economist, Jed Kolko, who listed Austin as number one out of the top five real estate markets to watch in 2012. Other than the obvious appeal to the city's beauty, other factors such as job growth, technology skills, advances in construction around the city, and education levels have made Austin a hot commodity in the real estate business. Other cities that made the list include Houston, San Jose, Boston suburbs and Rochester, for reasons similar to Austin's advantages.
Click here to see more information on why these cities made the list.
Want to make the move to Austin? Ask us how!
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Austin Is a Best-Performing City
Tuesday, December 20th, 2011 at 4:46pm. 509 Views, 0 Comments.
The Best Performing Cities index compiled by The Milken Institute ranked Austin the 4th best-performing city in the US in 2011 (2nd in 2010 and 1st in 2009). The index ranked cities by employment, salary growth, technology output growth, and their ability to create and sustain jobs. Of the top five best-performing cities, four are Texas metros with San Antonio ranking number one.
Austin ranked well because of several factors:
- Austin had the third-fastest job growth in the nation from 2005 - 2010 with the help of two state institutions – The University of Texas at Austin and The State Capitol.
- Austin is a growing tech hub – offices to expand include Samsung, eBay and Facebook.
- Austin has diversified technology bases including Dell with more than…
Why Festivals Are Awesome for the Economy
Thursday, November 17th, 2011 at 7:00pm. 526 Views, 0 Comments.
Last weekend marked the 6th annual Fun Fun Fun Festival along with record high attendance. A crowd of almost 15,000 people per day came together to enjoy some tunes at Auditorium Shores in the Live Music Capital of the World. Headliners such as Spoon, Major Lazer, Passion Pit and British punk legends the Damned helped increase attendance by 40% over last year. Such high attendance did not reflect the poor shape of the economy.
Visitors to the fest spent an estimated $5.5 million, money that goes back into the Austin economy. While this is a small number compared to the economic impact of SXSW or ACL, this is still a significant source of taxable revenue for the city of Austin.
Even the weather couldn't stop attendees from contributing to the growth of the…
Austin 2011-2012 Forecast Predicts Booming Job Growth
Friday, February 11th, 2011 at 2:26pm. 2529 Views, 0 Comments.
According to Angelos Angelou, local Austin economist, the Austin economy is expected to gain more jobs in 2011 and 2012 and stabilize back to pre-recession growth trends. This past year, only 8,200 jobs were added to the Austin workforce, a measly growth rate of 1.1%. In 2011, the Austin economy is expected to pick up 18,800 more jobs at a 2.5% job growth rate. And in 2012, Austin's job growth rate is predicted to be in the 3% range with predictions of 25,100 more jobs! Industries with the most job growth include leisure and hospitality, and information. Job growth will remain strong in government, education and health care services, and retail.
For more information about the Austin 2011-2012 Economy Forecast, consult AngelouEconomics.
This…
Austin Leads the Nation in Economic Recovery - Are You Going to Miss Your Chance to Buy?
Wednesday, November 3rd, 2010 at 12:08pm. 837 Views, 0 Comments.
Will You Take Advantage of Austin’s Resurgence, or Will You Read about It 2 Months Later?
By almost all reports, Austin leads the nation in attracting businesses and people. When we finally read about the national economic recovery, Austin will already be riding the curve up, ahead of all but a handful of local economies around the nation. That means mortgage rates will have started rising, houses will be selling just a little better, and chances are you will have missed the opportunity to buy closest to the bottom of the real estate market if you haven’t already bought or refinanced your mortgage.
So, we find ourselves here in Austin at the forefront, the vanguard, the leading edge of coming out of the economic…
Is Now the Time to Buy a Home in Austin?
Tuesday, October 26th, 2010 at 3:25pm. 720 Views, 0 Comments.
20-year history of mortgage rates in Austin is proof that this is the time to buy in Austin.
We're continually bombarded with news of the housing market in today's economy, and sometimes it's difficult to filter out the important facts. As a buyer, you might be on the fence and saying to yourself, "I'll wait until the rates go even lower before I buy". Well, you might want to take a look at this chart that shows the average 30-year fixed rate mortgage rate over the past 20 years (Source: Freddie Mac) and ask yourself if this is indeed a good time.
Over the past 20 Years, the average mortgage interest rate has been 7.20% (Source: Freddie Mac). In the 3rd Qtr of 2010, the average rate was only 4.44% (Source: Freddie Mac). Fluctuations…
Austin Unemployment Rate Drops in July 2010 While US on the Rise
Monday, September 13th, 2010 at 12:11pm. 1781 Views, 0 Comments.
Unemployment rate drops from 7.4% in June 2010 to 7.3% in July 2010.
While the US unemployment rate rises, Austin's unemployment rate is holding steady in the 7 percent range. Don't believe it? Check out these stats from the Bureau of Labor Statistics: Economy at a Glance. The suvey shows Austin-Round Rock-San Marcos, TX improving its labor force while diminshing its unemployment rate.
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Austin Foreclosures Down In May 2010
Tuesday, June 15th, 2010 at 12:34pm. 786 Views, 0 Comments.
May proved to be another great month for Austin real estate. Foreclosures are down 14% -- an incredible decrease over last month's Austin foreclosure rate. According to a new report from RealtyTrac Inc., only 950 Austin homes foreclosed, defaulted or scheduled for aution in May compared to 1,109 homes in April. While this statistic is higher year-over-year, real estate experts assert that comparing foreclosure rate month-to-month is a better indicator of a recovering economy.
Austin also dropped 5 places in RealtyTrac Inc.'s ranking of metros with the highest foreclosure rates. Last month, Austin ranked 115 out of 203 for highest foreclosure rate. This month, Austin ranked 120.
From April to May, numbers show that Texas is still fairing well…
Innovative Startups Prosper in Austin
Friday, June 4th, 2010 at 3:39pm. 1258 Views, 0 Comments.
Austin's been all over 2010 "best U.S. cities" lists ranking top 10 on lists for fittest U.S. city, best quaiity of life and, now, first place for the best city to watch in the next decade adding to the long list of reasons to live in Austin. Kiplinger’s Personal Finance ranked the largest U.S. metros based on economic vitality and unique livability appeal.
Austin, with its highly creative atmosphere and low-key cool scene, easily attracts like-minded professionals who bring talent and innovation to the local job pool. This is why Austin ranked number one for best city to watch in the next decade; its ability to generate jobs with new and innovative thinking nutures its local business scene and upholds its cool factor.
Best Cities…
Austin Ties for First on Forbes.com Best Economic Recovery Cities in U.S.
Monday, March 8th, 2010 at 11:41pm. 689 Views, 0 Comments.
Austin, Texas: Forbes released a statement revealing Austin to be the best economic recovering city in the U.S. The Austin-Round Rock area tied for first with and Washington D.C. among a list of big cities on the upswing of recovery. Forbes.com used unemployment rates, real estate improvement, and production of goods and services to determine the ranking. Both Austin, Texas and Washington D.C. have low jobless rates, mostly due to their high government job generation, and healthy real estate industries.
Other Texas cities on the list included Dallas which ranked second right behind Austin, Texas, and San Antonio and Houston made the top ten.
Read more about this story from the original news source here.
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