The U.S. unemployment rate crept back up to 9% last week, but some cities are feeling the pain far worse than others. Roughly 112 metro areas in the U.S. are still dealing with 10% unemployment or greater. That’s down from 166 at the same time last year, but tell that to folks in El Centro, [...]
Read More...Austin Community, Austin economy, Austin Jobs, Austin News, Real Estate
These may be far from the best of times, but they are no longer the worst. Last year’s annual “Best Cities for Jobs” list was by far the most dismal since we began compiling our rankings almost five years ago. Between 2009 and 2010, only 13 of 397 metropolitan areas experienced any growth at all. [...]
Read More...While housing, and homebuilding in particular, have taken a massive hit due to the Great Recession, many housing experts do not expect this trend to continue long term as more unemployed Americans get back to work, empty-nesters begin to downsize or build their dream homes, and ‘boomerang kids’ who were “doubling-up,” or living with their [...]
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Picky, picky, picky! Are today’s first-time home buyers passing up great deals because they insist on flawless “move-in ready” houses requiring little or no changes – even at the starter-home price levels at which shoppers traditionally have been willing to factor fix-ups and renovations into their offers? Or are they simply reflecting market realities? They [...]
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by SHELTON GREEN It is not surprising to many people that Austin has the highest apartment rents of any city in Texas, but what some may find compelling is that the Capitol City saw the largest, fastest, and highest jump in apartment occupancy this year compared to last. According to A.L.N. Apartment Data, Austin’s apartment [...]
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Apartment occupancy levels, a healthy resale supply and new home inventory at record lows put Austin in a positive position in 2011, according to a recent report by Metrostudy, a national housing data and consulting firm that maintains the most extensive primary database on residential construction in the US housing market. “With economists forecasting 2% [...]
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From: Austin Business Journal Date: Friday, February 11, 2011 Austin’s rich supply of entertainment and high ratio of singles has landed the Texas state capital a spot on a recent listing of the best cities for dating. Vavoom.com named Austin second best city for dating using data such as available singles, fun things to do [...]
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Austin condo sales doubled last year, while prices were stable, according to recent Multiple Listing Service data released Monday. A report from AustinTowers.net, a downtown Austin real estate blog, compiled MLS data from 25 downtown residential towers. The group tracked 168 sales last year, or about 50 percent more than in 2009. The average selling [...]
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AUSTIN (Austin Business Journal) – 1/7/2011 – MPF Research predicts the Texas capital will become the country’s second best apartment industry performer this year, just behind San Jose, California. Austin’s apartment occupancy increased 3.6 percentage points over the last year to 93.5 percent, one of the nation’s strongest increases. Austin’s occupancy is anticipated to rise an additional [...]
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Austin was ranked as having the 26th best economic recovery worldwide, the highest rank of all U.S. cities, a report from the Brookings Institution said Tuesday. The analysis ranked 150 cities according to three main indicators between 1993 and 2010: employment growth, per-capita gross value added and income per person. The group said Austin employment [...]
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