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Market News and Trends

Austin Employment Picture


The U.S. Bureau of Labor Statistics released five-year private sector employment statistics this morning (Texas cities hold top four job-growth spots), and I was  pleased to see that the Austin metro area ranked third — gaining 56,100 private sector jobs from June 2005 to June 2010.  Texas cities held all of the Top 4 places in this  new report.  The same report also showed that Austin ranked 1st nationally on one-year employment growth.

There is a lot to appreciate about this great city — location, climate, culture, etc., etc., etc.   I have been writing for a long time about the aspects that are attracting  population and jobs to Austin.  Here is a sample from 2010:

January 21:      It’s still about jobs …

January 23:      Austin employment picture remains positive

January 24:      New Central Texas jobs report

March 6:            They’re doing it again!

March 10:         Employment — this is more than just semantics!

June 26:            More validation for Austin

Today’s article is more important recognition, but Austin’s history as an economic attraction goes much farther back than five years:

Austin Employment 1990-2010

Growth paused after 9/11/01, the dot-com bust, and the Enron/Worldcom scandals, and unemployment surged.  The fifteen-year trend, though, is unmistakable, and  daily news reports in recent weeks and months reinforce the fact that Austin’s attraction continues.

Of course, these trends usually have an end, but so far Austin continues to succeed, and it is very encouraging to see long-term data like that released today by the BLS.

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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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