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Market Conditions for Austin, Texas
Reported by Donna Scoggins, ABR, e-PRO, GRI
Updated December 8, 2008.
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Current Market Rating: 2
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Current Price Trend: 2
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Tuesday, December 2, 2008 - 2:52 PM CST | Modified: Tuesday, December 2, 2008 - 3:00 PM
Austin job creation slower, but still outpacing rivals
Austin Business Journal
Employment in the Austin-Round Rock region increased 1.9 percent between October 2007 and October 2008, outpacing many of Austin's economic development competitors, according to data released Tuesday by the U.S. Bureau of Labor Statistics.
The local region added about 14,700 jobs in the 12-month period, bringing its total employment figure to roughly 781,000, according to the report. By comparison:
• San Jose, Calif. added 700 jobs for a 0.8 percent increase
• Raleigh, N.C. added 8,800 jobs for a 1.7 percent increase
• Nashville, Tenn. lost 2,200 jobs for a 0.3 percent decrease
• Seattle lost 1,900 jobs for a 0.1 percent decrease
• Phoenix lost nearly 50,000 jobs for a 2.3 percent decrease
• San Antonio added 17,900 jobs for a 2.9 percent increase
• Memphis, Tenn. lost 10,800 jobs for a 1.7 percent decrease
• Albany, NY remained stagnant.
ZIP Codes: 78701, 78702, 78703, 78704, 78705, 78711, 78712, 78713, 78714, 78716, 78720, 78721, 78722, 78723, 78724, 78728, 78729, 78731, 78732, 78733, 78734, 78735, 78736, 78739, 78741, 78744, 78745, 78746, 78748, 78750, 78751, 78752, 78753, 78754, 78755, 78756, 78757, 78758, 78759, 78761, 78762, 78763, 78764, 78765, 78767, 78768
Approximate Location Boundaries: Austin, Round Rock, Cedar Park, Bee Caves, West Lake Hills, Pflugerville, Liberty Hill, Georgetown, and the surrounding areas.
Location Characteristics: Central Texas boasts a cosmopolitan atmosphere without the big-city hassle, reasonable cost of living, gorgeous scenery and friendly people. Austin gets high marks for its lifestyle and the opportunities to pursue challenging career opportunities. No wonder it's been cited as the Number One destination both for relocating families and relocating singles. It's also a mecca for creative, talented people pursuing challenging careers. Our diverse business community prizes entrepreneurial, innovative people. Indeed, people—an educated, highly skilled workforce-- are the greatest strength of The Human Capital.
For More Information:
View Market Conditions of other areas served by Donna Scoggins
Navigate: Top > Texas > Austin
About Donna Scoggins:
Managing property since 1987, Donna has learned Real Estate from the inside out. After 8 years of managing multi-million dollar properties Donna switched her focus to leasing. Giving up her supervisory position with Austin’s top locating service, she became a REALTOR in 2002 and a "Multi-Million Dollar Producer" that same year. In today’s economy, you need a REALTOR who has diverse experience on your side.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
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