The who, what, where, when, and why of everything that makes Austin a special place to live!
There are currently 418 blog entries related to this category.
Monday, May 15th, 2017 at 9:55am. 366 Views
Austin jobs grew by 3.3 percent in the 12 months ending March 2017, an addition of 32,700 net new jobs, according to data from the Texas Workforce Commission and the U.S. Bureau of Labor Statistics and compiled by the Austin Chamber of Commerce.
This growth makes Austin the tenth fastest growing major metropolitan area of the 50 largest metropolitan areas, in regards to jobs. Dallas was the first fastest growing, with a growth rate of 4.1 percent. No other Texas cities made the top ten, with Fort Worth coming in 16th with growth of 2.9 percent, San Antonio coming in 21st with growth of 2.4 percent, and Houston coming in 44th with growth of one percent.
Austin Snapshot: March 2016 to March 2017
- Austin added 32,700 net new jobs in the 12 months
Friday, May 12th, 2017 at 5:03pm. 321 Views
Austin, Texas is the eighth best large city in the United States in which to start a business, according to Wallet Hub’s 2017 list. Using 18 metrics ranging from office space affordability to five-year business-survival rate, Austin was the top city in Texas to make the list, followed by Amarillo in ninth place.
Austin’s total score was 53.37, compared to first-ranking Oklahoma City, which scored 56.85. In ranked categories, Austin was fourth for “Business Environment” and ninth for “Access to Resources.” Austin scored poorly, 127th, for “Business Costs.” Austin also was fourth for “Highest Average Growth in Number of Small Businesses.”
Following Oklahoma City were Salt Lake City, Utah; Charlotte, North Carolina; Tulsa, Oklahoma; Grand Rapids,…
Wednesday, March 29th, 2017 at 3:42pm. 396 Views
If you’ve moved to Austin within the last five years or so, you’ve probably always known downtown Austin as a trendy, happening kind of place. But it wasn’t that long ago that building a high-rise condo was a risk, that walking around after business hours meant walking alongside darkened storefronts, and that conveniences in general were conspicuously missing.
Of course, that has all changed now! According to Realtor.com rankings, Austin is the number six city in the nation “Where Downtown Is Making a Comeback.” Its report says, “The story of downtown Austin isn’t entirely about rising from the ashes.” Instead Austin’s story is “about a small urban area known best for hole-in-the-wall bars and middle-of-the-night taco joints exploding into a full-on…
Tuesday, March 28th, 2017 at 2:03pm. 476 Views
Turns out the oft-cited statistic of Austin growing by 150 people per day wasn’t quite right. The final tally shows that the Austin-Round Rock Metropolitan Statistical Area grew by more like 159 people per day in 2016, according to an article in the Austin Business Journal.
This was a 2.9 percent annual growth rate for the Austin MSA, which includes the counties of Travis, Hays, Williamson, Burnet, and Caldwell. This made it the ninth fastest growing MSA in the United States, according to United States Census Bureau data. Hays County, which includes the cities of Buda and Kyle, was the third fastest growing county in the U.S., with growth of 5.1 percent.
For a timeline comparison, the Austin-Round Rock MSA had a quaint July 2010 population of…
Wednesday, February 8th, 2017 at 5:13pm. 511 Views
How does it feel, Austin, Texas? You live in the best city in the United States of America.
U.S. News & World Report named Austin tops in the country in its annual Best Places to Live rankings of the 100 most populous metro areas, up from the second spot last year. It had an overall score of 7.8 based on desirability, value, the job market, quality of life, and net migration. The rankings are “intended to help readers make the most informed decision when choosing where to settle down,” according to U.S. News.
Denver, Colorado; San Jose, California; Washington, D.C., and Fayetteville, Arkansas rounded out the top five.
Quality of life was 30 percent of the overall score, and for this metric, Austin scored a 7.3. Quality of life took into account…
Monday, November 7th, 2016 at 5:29pm. 504 Views
Austin-area home starts hit their highest level in six years in 3Q16, nearing the peak level that occurred in 2006, according to Metrostudy. Its survey of the Austin housing market showed a total of 4,067 home starts, near the 4,387 home starts that occurred 1Q06. The report stated the third quarter numbers imply a “ramping up” of spec inventory in order to meet year-end goals. The new home starts pace for the year is 13,402 units, the highest in almost nine years.
“Though Austin is growing more competitive given the recent and pending opening of new subdivisions as well as new builders in the market, overall the market is performing well,” said Vaike O’Grady, Regional Director of Metrostudy’s Austin market. “Demand shows no signs of easing, and supply…
Thursday, October 13th, 2016 at 1:17pm. 820 Views
Home buying in January might land buyers a much better deal. This is according to Nerd Wallet, which used Realtor.com data to determine that the least expensive month to buy a home in Austin, Texas is in January. And it’s no small matter: based on a two-year average of median sales prices, buying a median-range home in January could save buyers about $24,000.
In Austin, the report found that the summer house price (the two-year average of the median sales price) was $256,132. The fall price was $250,565, a drop of 2.2 percent. The cheapest month to buy was January, when the median house price was $232,500, a drop of 9.2 percent.
The report found that home sale prices in all large United States metro areas typically peak in the summer, dip in the…
Friday, October 7th, 2016 at 1:28pm. 677 Views
Austin takes the number two spot in the nation among large metro areas for its net migration, according to U.S. News and World Report’s list of the “The 20 Best Places People Are Moving to in the U.S.”
Austin, which also has been named the #2 best place to live in the U.S. by U.S. News and World Report, had net migration growth of 8.86 percent between 2010 and 2014. The report says Austin ranks “highly for desirability and has a blossoming job market for the high tech industry.” According to the report, Austin has a population of 1,835,016, a median home price of $240k, and median income of about $48k.
The rankings were based on population growth by net migration for the 100 largest metro areas in the United States from 2010 to 2014, using U.S.…
Tuesday, August 30th, 2016 at 3:05pm. 677 Views
Rent prices in Austin, Texas continue their steady upward climb, rising 0.6 percent between June and July 2016 and up 3.7 percent year-over-year, according to Apartment List’s August 2016 Austin Rent Report. And with 71 percent of Austin renters planning to purchase a home in the future – well over the national average of 60 percent – rent prices may be a defining factor in making the move to homeownership.
The median rent for a one-bedroom in Austin is $1,200, and the median rent for a two-bedroom is $1,500. However, in the most popular areas, rent is even higher.
Downtown is the most expensive part of Austin, with the median two-bedroom costing $3,080, and the median one-bedroom costing $2,140. Downtown did see a 0.3 percent decrease in rents…
Friday, August 26th, 2016 at 1:55pm. 682 Views
Millennial homebuyers have a piece of good news: Austin starter homes are the largest in the nation, at 1,428 square feet, according to Trulia and reported in its article, Room to Roam: Where Starter Home Buyers Can Live Large.
Notably, the South in general fared much better than other areas of the country, with five of the top ten markets for the biggest starter homes in Texas. In fact, the Lone Star State fared very high in its reporting of the largest square footage for all three categories: starter homes, trade-up homes, and premium homes.
In the starter home category, after Austin was Atlanta at 1,344 square feet, Newark at 1,330 square feet, Montgomery County, PA at 1,326 square feet, and Houston at 1,300 square feet.
For trade-up homes,…