The Austin Business Journal reports that the Austin-Round Rock area is tied for first-place with Washington D.C. on a list of large metros where the recession is easing. Cities were ranked on multiple indicators which included job growth and real estate industry improvement.
Austin has maintained low jobless rates, though the number increased to 7.6 percent last month from 7 percent, according to the Texas Workforce Commission. Statewide, the rate was unchanged at 8.2 percent from December to January, compared to 9.7 percent nationally.
Austin and Washington D.C. also benefit from their high government job generation, according to Forbes. The number of Central Texas jobs increased just shy of 1 percent between 2007 and 2009, more than any other city included in the research.
Dallas came in second on the ranking behind Austin. The number of jobs there are expected to increase more than 7 percent in the next three years. San Antonio and Houston also made the top 10 list.
Job growth projections were based on information from Moody's. The listing also considered median home sale price changes and Metropolitan Gross Domestic Product.
National news continues to be filled with doom and gloom regarding the direction of the economy, but what do you expect from the media? Although it hasn't been mentioned on the flat-screen hanging in my living room, a bright spot is the Central Texas real estate market. Comparing the last week of February 2010 to the same period a year ago, the Austin market has seen:
I'm not crazy enough to think that all of the trouble is behind us, but this is a true sign of vitality for the local economy. Reduced inventory, increased sales activity, and the resetting of prices are the fundamentals of economic stabilization which will lead to future growth.
Central Texas is a fabulous place to live. Especially when the Austin market is heating up!
At the conclusion of the Pop Warner Football season last fall, former NFL quarterback and Virginia Tech Hokie, Will Furrer, gave an inspirational speech to our Little Scholars award winners. His story was intertwined with relevant scriptural references and unfolded much like a parable from the New Testament, which could be interpreted to apply to an unlimited audience.
Will shared the long string of challenges and successes he faced on his way to becoming an NFL quarterback. He achieve ultimate success and fulfillment when implementing the strategy of:
The role you play in life doesn't matter - NFL quarterback, Realtor, fireman, attorney, or (fill-in-the-blank). When these tenants are applied to what we do and how we do it - SUCCESS will be the result.
I am thankful that Will and his family are members of our community. They regularly share their time and abilities to help make Georgetown, Texas a better place to live. Will is currently the President of IF Marketing and Advertising.
Perhaps it's because Round Rock fields such powerful football teams or that Georgetown's baseball team regularly competes for the state title. Maybe it's any of the other high school sports that are followed with similar passion but Georgetown and Round Rock are always considered friendly rivals. A real predicament for families who live in the northeast corner of Teravista since the dividing line between the two cities splits the Meyer Village and Somerset sections of the neighborhood. (I bleed Eagle blue but half my friends have fallen prey to the Dragon's maroon haze.)
Teravista is one of the most convenient neighborhoods in the Austin-metro. MAP It's access to the major highways, killer shopping, casual dining, serious medical, higher education and Scandinavian flat-pack furniture is unparalleled.
Like golf? Teravista has an 18 hole Clifton-Ezell-Clifton designed course set among rolling hills with a 7,200-yard layout. Throughout the entire community, between the course and neighborhoods, are five miles of landscaped trails for hiking & biking. They also have a Residents' Club with:
To see ALL of the homes on the market in TERAVISTA visit my exclusive site created for this special neighborhood: Teravista Homes
For a detailed map showing the availability of NEW homes, like the one displayed above, call the 24-hour toll-free hotline @ 1-800-392-9207 then enter ID# 8411. Leave your email address and the basic criteria you are looking for and you will be sent an updated map right away.
During my junior year at Stetson University (89-90) I took a political science course where the professor, Dr. Anne Motley Hallum (how could I ever forget her), and I had a huge disagreement. She contended that it was unfair that some of us were able to go to school while others were not. My position was that we all had the opportunity to go to school; some, for whatever reason, chose not to. She declared that I was an elitist and I declared that she was a socialist. After a heated meeting with the Dean, we agreed to disagree. Unfortunately for me, she was the one with the red pen and our disagreement was reflected in my final grade. She is still confused and misled...
The same holds true for real estate agents who choose to use traditional (antiquated) methods. Those who refuse to embrace the leverage of the internet and the power of social media marketing will gain market share while those who don't will be lining up at Wal-Mart to see about being a greeter.
Statistics recently revealed by the National Association of REALTORS® demonstrate the dominance of the internet as a medium to find home buyers and sellers. It's a wake-up call to agents who haven't yet embraced the direction of the industry.
Participate or perish... its a choice.
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