Saturday, 26 February 2011

Austin Tx --- real estate / economy related news

While Austin is mid size metropolitan area with 1.6 million in population, the population growth between 2007 and 2009 is the highest in USA.

Chef at Globe Restaurant in San Francisco is leaving for Austin Tx --- REASONS: affordable cost and high quality of living and 2) wanting to own his own restaurant.
Austin Leads Country in Job Growth:  CBS news feature on brisk economy in Austin Tx.

Austin succeeded to bring in 27 out-of-state companies in 2010. Short list is Hanger Orthopedic Group, Facebook, LegalZoom and SunPower.  Tax/regulation heavy California is major target.

Austin apartment rental market is recovering steadily.  Vacancy rate has increast by 3.5 points to 6.5%.  Monthly rent has increased by 2.4% to $805.  Total supply of new units are 3027 while # of households increased by 9340.

Racial mix of Austin neighborhoods between 2005 and 2009.  It is evident that blacks and his panics have been pushed away from  Central Austin including East Austin to exurb.

Austin is ranked No.1 by.Forbes Best Cities for Young Adults
Austin ranked No.7 in highest concentration of Tech Workers.  San Jose 29%, Huntsville 23%, Boulder 22%, Washington DC 13%, Boston 11%, SD11%, Austin 11%, Seattle 10%, San Francisco 10%.

Austin's Tech employee average salary ($93K)
Austin is considered one of the small housing inventory by CoreLogics

Travis County (Austin metro) is ranked 57th most liberal counties in USA.

CNBC ranks Austin 5th as metropolitan area to move to;.

Austin ranked 5th as the best cities for movie making by MovieMagazine.
Austin ranked No.1 as the metropolitan area with the most brisk economy.
Austin ranked No.3 by Forbes best place to invest in real estate.

Austin chosen as one of the 10 cities to move by Kiplinger Magazine. CNCBs Marias interview on Kiplinger Magazine.
Austin’s per-capita consumption power is the highest in USA by Bundle.
Heartland - Anthony Bourdain: No Reservations TravelGuide
Austin is chosen as the metropolitan area where economy is about to recover.  Austin enjoys migration from large US metros such as NYC, LA and SF.
Fastest growing North American Metropolitan Area by National Geographics,


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