Tuesday, July 28th, 2015 at 4:58pm. 95 Views
Google Inc. is testing its self-driving cars on the streets of Austin, Texas, hoping to gather additional information on how its prototypes interact with various real-life factors such as traffic, people, and road conditions. The tests will be conducted with specially equipped Lexus RX450h prototypes, and the vehicles will have humans on board to assume manual control if needed.
Google’s self-driving prototypes have been in a testing phase since 2009, mainly around Google’s Silicon Valley headquarters in Mountain View, California. The technology to build self-driving cars is expected to be ready for the public by 2020.
The Texas Department of Transportation was quoted in a Google press release: "We welcome and support Google's autonomous vehicle…
Wednesday, July 22nd, 2015 at 11:35am. 554 Views
Austin Monthly Home Sales Top $1 Billion for First Time, Plus: Mid-Year Report
Monthly home sales for the Austin area topped $1 billion in volume in June 2015, making it the highest dollar volume month ever for the central Texas region, and cumulative sales for 2015 signal a potential yearly record, possibly higher than 2014’s record-breaking sales volume, according to a Multiple Listing Service (MLS) report by the Austin Board of REALTORS®.
“June’s increased home sales, combined with total dollar volume exceeding $1 billion for the first time ever, shows the amazing equity Austin homeowners have in the market and the powerful impact of real estate in Central Texas,” said ABOR President Barb Cooper. “If this growth continues, 2015 could become…
Monday, July 20th, 2015 at 1:57pm. 869 Views
Austin is now the national leader in startups, following its number two spot in 2014. With 180 startup businesses, Austin unseated Silicon Valley for the title of the number one city in the nation for startup businesses, according to the Kauffman Index Report, which measures entrepreneurship at national, state, and metropolitan levels.
Fellow Texas cities Houston and San Antonio also made the top ten, at spots eight and ten, respectively. Helping spur this innovation is the job growth rate in Texas, which has remained positive for 60 consecutive months, according to Texas Workforce Commission statistics. Rounding out the top five cities for startups were Miami, Florida; San Jose, California; Los Angeles, California; and Denver, Colorado.
Monday, July 20th, 2015 at 10:12am. 903 Views
It seems not a month goes by that we don’t hear about another flight being added to the options at Austin-Bergstrom International Airport. ABIA has been experiencing tremendous growth in the amount of people who travel through its doors, leading to demand for more non-stop flights, a boon for commuters and pleasure travelers alike. This month, a new passenger screening checkpoint with six security lanes also opened to support the demand, as part of the Terminal East Infill Project terminal addition. What is leading to this expansion? Let’s take a look:
This May 2015 saw a new monthly passenger record with 1,022,353 people traveling through the airport. It was ABIA’s third million-plus month and its fifth monthly record in the past 14 months. Passenger…
Friday, June 19th, 2015 at 3:25pm. 1,267 Views
Austin Home Sales Slightly Dip, Prices Hit Monthly Record
Single family home sales in the Austin area dipped two percent in May 2015, after setting a record the previous month, according to a Multiple Listing Service report released by the Austin Board of REALTORS®. Despite the slight pullback in sales volume, sales prices set a record for the month of May.
Austin Home Prices
The median price for single-family homes increased nine percent compared to May 2014, coming in at $271,000. The average price increased seven percent compared to May 2014, coming in at $348,201. Historical appreciation is typically about four percent annually, according to the Real Estate Center at Texas A&M University, and therefore Austin continues to outpace its…
Wednesday, June 10th, 2015 at 6:19pm. 1,997 Views
The Austin Symphony’s annual tradition of “Concerts in the Park” returns this summer at the Hartman Concert Park at the Long Center City Terrace in central Austin. In its thirteenth year, the free, live music series features ensemble performances from members of the Austin Symphony and runs most Sunday evenings through the summer. Music selections will range from jazz and light classical music to pops selections and film scores.
Attendees are encouraged to bring blankets, folding chairs, and picnic dinners to enjoy the music, which begins at 7:30 p.m. on Sunday evenings from now through August 23, excluding the fifth of July. Attendees generally are a mix of symphony enthusiasts, families, and even passersby from the popular outdoor recreation areas…
Tuesday, June 9th, 2015 at 6:05pm. 1,057 Views
Round Rock, Texas is the third most affordable city in the United States, according to a Nerd Wallet study comparing median household income to average cost of living in over 300 metropolitan areas around the country. Rather than ranking cities by where it was the cheapest to live, the study reflects where dollars stretch the furthest.
The study used a combination of comparisons: median household income, income index, cost of living index, grocery index, housing index, utilities index, transportation index, health care index, and goods and services index. The report cited, “In our study, we make a distinction between ‘cheap’ and ‘affordable’ by comparing a place’s median income with its cost of living to find truly affordable places.”
Monday, June 8th, 2015 at 4:05pm. 997 Views
Jobs numbers continue to go up in Texas, despite lower oil prices, according to the Monthly Review of the Texas Economy by the Real Estate Center at Texas A&M University.
From April 2014 to April 2015, the state gained 304,200 nonagricultural jobs, an annual growth rate of 2.6 percent. This is .4 percent higher than the United States job growth rate, which was at 2.2 percent.
In this same time period, the nongovernment job sector in Texas grew by 282,200 jobs, an annual growth rate of 2.9 percent. Nationally, the nongovernment job sector grew by 2.6 percent.
Texas’ seasonally adjusted unemployment rate fell to 4.2 percent in April 2015 from 5.2 percent in April 2014. The nation’s rate decreased from 6.2 to 5.4 percent
All of Texas’ industries,…
Wednesday, May 27th, 2015 at 5:25pm. 1,867 Views
The cleantech sector contributes approximately $2.5 billion to the Austin region’s GDP, according to the first ever economic impact report for the industry. The report, created by CleanTX, the development organization for clean technology in Central Texas, along with Austin Technology Incubator, also found the industry employs nearly 20,000 individuals in the region, which includes Georgetown, Round Rock, San Marcos, Westlake, and other area cities.
In the first attempt at quantifying the Central Texas cleantech sector, the report cited the industry’s expected growth in the coming years. Cleantech employment in the Austin region is projected to grow 11.24% by 2020; this is almost two percent higher than the statewide expected growth of 9.3% and almost…
Wednesday, May 27th, 2015 at 3:56pm. 1,855 Views
Millennials, take note.
Austin, Texas was named the third best city in the nation for starting a career, based on an analyzation by WalletHub of a combination of professional opportunities and quality of life. Overall, Austin ranked number one for its quality of life and number 11 for its professional opportunities.
The study aimed to represent the factors “young people have in mind when looking for a place to set down roots.” And, WalletHub was cited in a Forbes article: “Not only do more employers plan to hire recent college grads in 2015, according to the National Association of Colleges and Employers, but hiring in general is also on the rise.”
WalletHub analyzed and ranked the 150 most populous U.S. cities to find the results, which included…