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Market News and Trends

Who’s adding jobs in Austin?


Opportunity Austin, an economic development arm of the Austin Chamber of Commerce published its 2010 Annual Report today.  Introductory comments include this:

“Austin has topped countless national rankings for job growth, innovation, quality of life and more. In fact, Austin ranked as the 26th best economic recovery worldwide, the highest ranking of all U.S. Cities, according to a global study by the Washington-based Brookings Institution. The ranking is based in part on job and income growth during the current economic recovery.”

I have written frequently over the past year or so about many analyses in which Austin ranked at or near the top in terms of  economic strength.  This Chamber report includes some details that I have not seen summarized in one place previously:

Companies Growing Employment in Austin
(Click image to enlarge)

These two lists comprise more than 13,000 new jobs created last year.  As I wrote earlier today (see Manufacturing Growth in Texas), most Texas business people are optimistic about the future.  Given Austin’s many unique advantages, that optimism is especially well-founded here.

What does this mean for the Austin/Central Texas real estate market?  Continued population growth as I have written previously, and all of those folks will need places to live — perhaps rentals in the short term, but many will become Austin homeowners in the coming months and years.  The future for the Austin metro area is bright.

About Bill Morris, Realtor

Many years of business experience (high tech, client service, business organization and start-up, including 18 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. Learn more about my background and experience, my commitment to my clients, my profession, and to the real estate industry at CentralTexasHomeSearch.com.

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