Austin Ranks #1 For Job Growth

Michael Shires, associate professor in public policy at Pepperdine University, and Joel Kotkin, Presidential Fellow and director of the Urban Futures Program at Chapman University, have spent the past five years compiling lists of the best places to do business.  Kotkin recently summarized their results in an article on www.newgeography.com.  Listen to what he has to say about Texas:  “The top of the complete ranking–which, for ease, we have broken down into the two smaller lists, of the best big and small cities for jobs–is dominated by one state: Texas. The Lone Star State may have lost a powerful advocate in Washington, but it’s home to a remarkable eight of the top 20 cities on our list–including No. 1-ranked Odessa, a small city in the state’s northwestern region. Further, the top five large metropolitan areas for job growth–Austin [ranked #1], Houston, San Antonio, Ft. Worth and Dallas–are all in Texas’ “urban triangle.”” Read More

To keep in-touch with Austin news and events, follow us on Twitter:  http://twitter.com/mysolis

Back to Main Page

Economist’s Predictions for 2009

Economist Dr. Jim Gaines of the Real Estate Center at Texas A&M University gives a comprehensive look at where the economy, construction, employment, population, and housing is headed in this video 2009 and Beyond. The data is stagering and certainly leaves Texan’s feeling a bit lucky. Dr. Gaines covers a mountain of research in this 52-minute video in a manner that is clear and concise. Definitely a must-see for all Texas real estate agents. Here are a few tidbits:

Texas Outlook 2009
*Texas job growth is predicted to be 1.5-2%.
*Housing market expected to be relatively strong but “spotty”.
*Reduction in overall residential demanded related to tighter credit, less investment buying, and less second home purchases.

Research includes insight into what lead to this housing crisis and why Texas is fairing much better than most of the nation. It feels good to finally put the numbers and graphs to what we as Austin real estate agents have been experiencing, and the extrapolation of this data is invaluable to future business planning.

Dr. Jim Gaines, Real Estate Center, 2009 and Beyond

Back to Main Page

Texas Top in Job Growth

A recent study by bizjournal.com ranked job growth of US cities for 2008. Texas took five of the top ten spots.

1. Houston – added 57,300 jobs
2. Dallas-Fort Worth – added 43,300 jobs
3. San Antonio – added 14,900 jobs
5. Austin – added 9,600 jobs
9. El Paso – added 5,300 jobs

Bizjournal Article

Back to Main Page

Austin Market Status Feb 09

According to Austin Metro Study 4th Quarter Briefing, Austin’s market is flat though still ahead of the national real estate market. In regards to month-of-supply of new homes, Austin is healthy at 5.3 months versus the national average of 11.5 months. In addition, though job creation is expected to decline in 2009, Texas remains #1 in job growth.