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Texas Housing Market Rebounds after Hurricane

November 15, 2017

Even after Hurricane Harvey in August 2017, which resulted in 71,000 uninhabitable homes, the Texas housing market experienced a rebound in September 2017, according to the Real Estate Center at Texas A&M University. The Houston market represents 25 percent of the Texas housing market, and with uninhabitable homes plus 270,000 damaged homes in the GulfRead More

Austin: United States’ Most Changed City

October 30, 2017

Longtime residents of Austin, Texas might be heard saying, “This city sure has changed.” And they’d be right, according to a MagnifyMoney study, which named Austin the most changed metro area in the United States over the last ten years. Looking at nine elements of change from 2006 to 2016 among the 50 largest metros,Read More

Even with a Hurricane, Texas Economy Thrives

October 27, 2017

Even with the impacts of Hurricane Harvey, the Texas economy is continuing to create more jobs, according to the Monthly Review of the Texas Economy by Ali Anari with the Real Estate Center at Texas A&M University. From September 2016 to September 2017, Texas gained 256,100 nonagricultural jobs for an annual growth rate of 2.1Read More

CBRE Names Austin #8 Top Tech Talent

September 19, 2017

CBRE Inc. ranked Austin, Texas number eight on its Tech Talent Scorecard for 2017 that ranked large metro areas in the United States and in Canada. This is a drop from Austin’s 2016 number five ranking, but it still highlights the city’s tech focus and business friendly reputation, according to the report. Austin received aRead More

Real Estate Center’s Monthly Review of the Texas Economy

September 1, 2017

While the effects of Hurricane Harvey on the Texas economy remain to be seen, the recent shape of the Texas economy was strong. Texas had an annual growth rate of 2.4 percent in nonagricultural jobs from July 2016 to July 2017. This was a gain of 293,400 nonagricultural jobs and was higher than the UnitedRead More

Austin is #1 City where Millennials Live Alone

August 22, 2017

There is a bit of surprising news about millennials living in Austin, according to realtor.com, which analyzed 2015 U.S. Census Bureau data on the largest metro areas in the nation. Of these largest metros, millennials in Austin are the most likely to live alone, with 11.2 percent of millennials renting or owning a home solo.Read More

Austin Jobs Grow by 3.3 Percent

May 15, 2017

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 ofRead More

Austin #8 Best Large City in U.S. to Start a Business

May 12, 2017

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 totalRead More

Downtown Austin: Back from the Grave?

March 29, 2017

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 generalRead More

U.S. Census: Austin’s Raw Growth Equals 1,042.7 More People Each Week

March 28, 2017

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 forRead More