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Market News and Trends

Economic Growth in Austin/Central Texas Continues

I just posted on a round-up of good news from recent days in the Austin Business Journal:

UT, ATI and city open lab for entrepreneurs

Google Ventures invests in HomeAway

Pain Therapeutics moving HQ to Austin

Pflugerville scooter company pushing product nationally

SolarWinds income rises to $12.2M

For many years the Austin area has been home to innovative ventures, and attractive to existing firms looking for a dynamic city for expansion.    I have pointed out many times, Austin has avoided the worst effects of the recession.  Courtesy of the Greater Austin Chamber of Commerce, here is how Austin employment growth has fared over the past several years:

Not only have we remained far better off than the United States as a whole, but than Texas as well, and it has been well documented that Texas has remained much healthier economically than the rest of the country.  Even more importantly, note that Austin’s job growth was still positive in 2009, when Texas and the U.S. were losing jobs.  On a percentage basis, the Austin MSA experienced the fastest job growth of any major metropolitan area from August 2009 to August 2010.

In this recession, maybe more than all others, it is important to recognize that “it ain’t over ’til it’s over.”  That said, we still have the climate, the culture, the tax structure, the entrepreneurial dynamism, and the activity of a growth-oriented Chamber of Commerce that has made the Austin area so attractive and successful.  The articles above, and many others like them, are reasons for continued optimism for our area as the economy at large turns from recession to recovery.

About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.


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