Another reason Austin Real Estate is a great investment! Growth in Austin continues...and Forbes has moved Austin UP in the rankings for the best place for business and careers.
Forbes.com ranks Austin the 8th best place for business and careers in its latest list.
Texas' Capital City rose significantly from 47th on last year's list. Austin was behind cities such as No. 1 Raleigh, N.C. and No. 4 Fayetteville, Ark. The list was ranked according to factors such as cost of doing business and projected employment growth.
Forbes.com cited Austin's projected annual job growth rate of 2.3 percent--the fifth fastest in the country, and its relatively low subprime mortgage exposure.
For its reporting on Austin, Forbes.com spoke with the Charles Schwab Corp., which expanded its Austin presence in 2007 when it purchased the 401(k) Co. "The city of Austin is extremely business-friendly. They have bent over backwards to accommodate us," Glenn Cooper, head of real estate at Schwab, told the news site.
The top 10 cities on the list were as follows:
1. Raleigh, N.C.
2. Fort Collins, Colo.
3. Durham, N.C.
4. Fayetteville, Ark.
5. Lincoln, Neb.
6. Asheville, N.C.
7. Des Moines, Iowa
8. Austin, Texas
9. Boise, Idaho
10. Colorado Springs, Colo.
Tuesday, April 7, 2009
The Week in Review
Units for Sale:
Mar. 29 - Apr. 4, 2009
(compared to the same week in 2008)
New listings down this week 19.86%
Pendings are down 8.75%
Solds down 17.63%
As for Average Prices:
Mar. 29 - Apr. 4, 2009
Sold average sales prices increased less than 6.31% to $266,905. In 2008 it was $251,063 for the same week
Mar. 29 - Apr. 4, 2009
(compared to the same week in 2008)
New listings down this week 19.86%
Pendings are down 8.75%
Solds down 17.63%
As for Average Prices:
Mar. 29 - Apr. 4, 2009
Sold average sales prices increased less than 6.31% to $266,905. In 2008 it was $251,063 for the same week
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