Austin Real Estate News

April 22, 2016

Activity in the residential real estate market is heating up alongside warming spring temperatures.

There were 2,552 single-family home sales in March, up 9.3 percent from the same month in 2015, according to data released Thursday by the Austin Board of Realtors.

2015

What drives the economic momentum of the most dynamic metros in the United States? Each year,
the Milken Institute’s Best-Performing Cities report identi es the latest trends and most relevant factors powering regional growth. Our index uses a comprehensive, fact-based set of criteria to rank the nation’s metropolitan areas. Among them are job creation, wage gains, and technology trends that shape current and potential patterns of growth. For metros looking to craft cohesive economic strategies, the report provides valuable data and insight.

January 4, 2016

Now that 2015 is behind us, it’s time to start thinking again about fresh starts. But whether that entails making a small change or a complete life overhaul, finding a new or better job will be a top New Year’s resolution for many Americans.

If that’s your mission for 2016, it’s a good time to be on the job market, especially if you’re a recent college graduate. The National Association for Business Economics expects nonfarm employment to grow by nearly 210,000 jobs per month as unemployment falls to 4.7 percent by fourth quarter.

January 14, 2016

Which cities have the best chance to prosper in the coming decade? The question is a complex one, and as the economy changes, so, too, will the best-positioned cities.

To identify the cities most likely to boom over the next 10 years, we took the 53 largest metropolitan statistical areas in the country (those with populations exceeding 1 million) and ranked them based on eight metrics indicative of past, present and future vitality. We factored in, equally, the percentage of children in the population, the birth rate, net domestic migration, the percentage of the population aged 25-44 with a bachelor’s degree, income growth, the unemployment rate, and population growth.

The results show two divergent kinds of ascendant cities. One is driven by the tech industry, the in-migration of educated people and sharply rising incomes; the other type is what we describe as “opportunity cities,” which tend to have a diverse range of industries, lower costs and larger numbers of families. We may be one country, but the future is being shaped by two very different urban archetypes.

January 19, 2016

San Jose, San Francisco, Washington, D.C., Boston and Austin are America’s most future-ready cities—but each arrived on top with a different balance of strengths.

Those were the findings from the Dell Future Ready Economies Model based on insights and criteria developed at the 2015 Strategic Innovation Summit: Enabling Economies for the Future, hosted by Harvard University and sponsored by Dell.

The model is meant as a tool for cities to gauge their preparation for future growth.

January 26, 2016

STEM workers are in fierce demand and not just in the global epicenter of high tech known as Silicon Valley. According to estimates from the Bureau of Labor Statistics, STEM — science, technology, engineering and math — professions will expand 1.7 times faster than non-STEM occupations between 2010 and 2020. That should be welcome news to job seekers with skills in these areas, half of which do not even require a four-year college degree.

January 27, 2016

Not surprisingly, the San Francisco-Oakland-Fremont, CA MSA continues to be the top MSA for venture capital investment, with 797 companies attracting $21.0 billion in 2015. For the third year in a row, the New York-Northern New Jersey-Long Island, NY-NJ-PA MSA had the second largest number of companies receive venture backing with 416 startups attracting $7.0 billion. Solidifying itself as a prime location for innovation and venture capital investment, the Boston-Cambridge-Quincy, MA-NH MSA broke into the top three with 348 companies receiving $5.6 billion. Displaced by Boston out of the top three, the San Jose-Sunnyvale-Santa Clara, CA MSA had the fourth largest number of companies receive venture capital investment with 321 startups receiving $6.2 billion. For the 16th year in a row, the Los Angeles-Long Beach-Santa, Ana, CA rounded out the top five destinations for venture capital investment with 240 companies receiving $4.5 billion in 2015.

January 29, 2016

From economics and education to safety and healthcare and beyond, there are myriad important factors to consider when choosing where to live. Seeking to capture these factors and to determine the best American cities for young families, we considered 16 data points from eight sources and interviewed three experts. Below you will find our results, as well as a detailed methodology explaining how we arrived at them.

January, 2016

Austin consistently ranks on FORBES list for best jobs.

March 4, 2016

About 50 people move to Austin every day, drawn to the Texas capital city's music, outdoor spaces and cultural institutions. The city was established along the Colorado River on the edge of the Hill Country in 1839. Originally named "Waterloo," Austin remains rich in history, from the bronze statue of Stevie Ray Vaughan that greets visitors near the river, to the stately Capitol that anchors downtown, to the LBJ Presidential Library at the University of Texas at Austin.