The who, what, where, when, and why of everything that makes Austin a special place to live!
There are currently 442 blog entries related to this category.
Tuesday, May 28th, 2019 at 5:38pm. 274 Views
The Omni Barton Creek Resort & Spa celebrated its grand reopening following an extensive $150 million renovation and expansion that began in November 2017. The ceremonial ribbon cutting ceremony was attended by Texas Governor Greg Abbott.
Renovations include a new lobby and arrival area, 493 freshly-designed guestrooms and suites, an all-new conference center with a 14,500-square-foot Brazos Ballroom and a redesigned 8,200-square-foot Darrell K Royal Ballroom, and a new 5,500-square-foot outdoor event pavilion. The tennis complex was redesigned and will feature 10 courts with LED lighting for evening play, and the resort’s four championship golf courses also were renovated.
The new Mokara Spa will offer a private adults-only rooftop pool, as well as…
Tuesday, April 30th, 2019 at 3:38pm. 529 Views
U.S. News and World Report ranked Austin, Texas at the top of its annual Best Places to Live in the USA 2019 report. With a total score of 7.6 overall, Austin received high marks for its desirability, with people “drawn to the Texas capital's music, outdoor spaces and cultural institutions.”
For the report, U.S. News analyzed 125 U.S. metro areas for quality of life, job market, value, and people's desire to live there. For desirability, Austin tied for its highest score with nine out of 10. Net migration also ranked a nine. Job market came in at 7.4, quality of life was 7.3, and value was 6.7.
Value ranked lower due to a median home price well over the national median, at $292,500 locally versus $226,500 nationally. While this was seen as a “a…
Saturday, March 30th, 2019 at 5:04pm. 1,532 Views
The state of Texas continues to outpace the United States in job growth and added 268,800 nonagricultural jobs from February 2018 to February 2019, according to the Real Estate Center at Texas A&M University. This equaled a 2.2 percent growth rate, compared to 1.7 percent for the nation's employment growth rate. Nongovernment jobs were added to a total of 256,000 in Texas, for an annual state job growth rate of 2.5 percent, compared to 1.9 percent nationally.
Unemployment in Texas in February 2019 was 3.8 percent, down from 4.1 percent in February 2018. The nation’s unemployment rate also decreased, from 4.1 percent to 3.8 percent.
The mining and logging sector experienced the strongest growth among Texas sectors, with an 8.41 percent change…
Wednesday, February 27th, 2019 at 7:19pm. 739 Views
Texas is 18th in the nation for average annual homeowner cost among those who have a mortgage, based on 2017 United States Census Data compiled by Ali Anari with the Real Estate Center at Texas A&M University. These costs include real estate taxes, insurance premiums, utility payments, and property debts. Housing costs on median in the state were $18,156 per year.
The city with the highest cost in Texas was Frisco, which had costs substantially higher than median at $30,936. Next was The Woodlands at $29,016, Sugar Land at $28,044, Flower Mound at $27,084, Cedar Park at $25,716, and McKinney at $25,008. Austin skirted past the top ten most expensive and was in place eleven with a yearly cost of $23,028. Round Rock was 14th with $20,880.
On the low…
Wednesday, January 23rd, 2019 at 9:57pm. 849 Views
The Texas economy continued to expand in November 2018, but did lose some steam, according to a Real Estate Center at Texas A&M University report. Factors weighing down the expansion included lower oil prices, lower home sales, and weaker hiring in the service sector. Factors elevating the expansion included upward wages due to low unemployment and historic levels of crude production. Manufacturing also created a record high number of jobs.
Austin and Houston business-cycle indices “boomed,” according to the report, with 7.4 and 6.4 percent growth, respectively, while Dallas slowed to four percent and Fort Worth slowed to 2.7 percent growth. The overall Dallas Fed’s Texas Business-Cycle Index was up five percent, for the first time since January 2015.…
Friday, November 30th, 2018 at 3:12pm. 890 Views
Nonagricultural job growth in Texas nearly doubled that of the United States, with a 3.1 percent increase from October 2017 to October 2018, compared to 1.7 percent for the U.S., according to the Real Estate Center at Texas A&M’s Monthly Review of the Texas Economy. Nongovernment jobs also increased: 3.7 percent in Texas compared to two percent in the U.S.
Texas unemployment was 3.7 percent in October 2018, down from 3.9 percent in October 2017. National unemployment decreased from 4.1 percent to 3.7 percent.
Midland experienced the largest percent growth in employment among Texas metros, at 9.3 percent. Tyler, Houston-The Woodlands-Sugar Land, Austin-Round Rock, Sherman-Denison, and Dallas-Plano-Irving followed, all 3.1 percent or higher.…
Wednesday, October 31st, 2018 at 10:11pm. 989 Views
Texas gained nonagricultural jobs at a rate of 3.3 percent from September 2017 to September 2018, almost doubling the nation’s growth rate of 1.7 percent, according to the Monthly Review of the Texas Economy by the Real Estate Center at Texas A&M University. Nongovernment jobs also almost doubled that of the United States’ rate, with an annual growth rate of 3.9 percent in Texas and two percent in the U.S.
The unemployment rate in Texas in September 2018 was 3.8 percent, down from four percent in September 2017. The unemployment rate was lowest in Midland, with only 2.2 percent unemployment. Amarillo and Odessa tied for second at 2.7 percent, and Austin-Round Rock and College Station-Bryan tied for fourth with 2.9 percent.
Texas mining and logging…
Thursday, August 16th, 2018 at 11:45am. 683 Views
WalletHub named Austin, Texas the third best big city to live in within the United States. Seattle, Washington and Virginia Beach, Virginia took the top two spots, while San Francisco, San Diego, and Honolulu rounded out the top five. The top three scores were very close, with scores of 63.63, 63.27, and 63.24.
There was a three-way tie among U.S. big cities for income growth, with San Francisco, Seattle, and Austin taking top spot. Austin ranked second overall in the U.S. for its economy and ranked eighth for education and health. For quality of life, Austin ranked 16th and then dropped below the top 20 from there, to 21st in safety and 28th in affordability.
Of Texas cities, Arlington was the next highest ranked at 31, followed by Fort Worth and…
Friday, May 25th, 2018 at 10:50am. 660 Views
Thinking about remodeling? Homeowners should consider looking outdoors for their next upgrade, as outdoor projects can bring both financial reward and owner satisfaction, according to the National Association of Realtors®’and National Association of Landscape Professionals’ 2018 Remodeling Report: Outdoor Features.
The report looked at 13 outdoor residential projects and found that Realtors® ranked standard lawn care service as the most financially productive at resale, with a recovery rate of 267 percent of the project cost. Landscape maintenance and tree care came in second and third, with recovery rates of 100 percent. Installing an irrigation system was next most productive, at 86 percent recovery.
“Realtors® understand that a home’s first…
Monday, April 30th, 2018 at 3:05pm. 564 Views
The Texas economy continues to be strong, according to the Outlook for the Texas Economy Report by the Real Estate Center at Texas A&M University. A strong United States economy and stable energy prices were the predominant factors cited in the report. Texas produces 39 percent of national crude oil and accounts for 84 percent of its exports. Here are a few of the key findings in the April 2018 report:
For the Dallas Fed’s Business-Cycle Index, the Texas Urban Triangle was led by Austin, with an 8.5 percent metropolitan business cycle index. Dallas and San Antonio came in at 3.6 percent and 3.7 percent, respectively. Houston declined but still hit 5.9 percent.
The Texas Consumer Confidence Index reached a record high, with an increase of two…