Tagged : Economy 
There are currently 13 blog entries matching this tag.
The Texaplex - Austin, Dallas, Houston, and San Antonio
Tuesday, November 1st, 2011 at 1:43pm. 969 Views, 3 Comments.
David Winans is real estate broker in Dallas, Texas who coined the term "Texaplex" to describe the region encompassing Austin, Dallas, San Antonio, and Houston. David has released a new video highlighting all of the great economic news coming from the Texaplex region.
The TexaPlex Project
David Winans & Associates
Texaplex Region Considered to be a Leader in Nation
Monday, August 15th, 2011 at 12:40pm. 1530 Views, 1 Comments.
According to Newsweek magazine, the “Texaplex” of Austin, San Antonio, Dallas and Houston is among the top ten regions in the country in terms of being poised for an economic recovery. This is largely due to the fact that the Texas metros have a strong energy sector as well as a strong entrepreneurial spirit.
In addition to having a strong energy sector, the Newsweek article found that the state of Texas is also an attractive market for those businesses that are looking for a place to relocate. This was largely due to the fact that the state has a “pro-business attitude” as well as a business tax rate that is relatively low when compared to other states. For these reasons and more, Texas now has more Fortune 500 companies than any other state in the…
Texas Has the Greatest Net Relocation Gains
Sunday, August 14th, 2011 at 7:33pm. 1276 Views, 0 Comments.
A report recently released by Allied Van Lines found that Texas passed all of the other states in the country when it came to net relocation gains last year. As such, 2010 represents the sixth year in a row that the Lone Star State has been at the top of the list.
According to the data collected by Allied Van Lines, Texas experienced a net total of 1,640 moves between January and November 2010. This figure is derived by calculating the number of people moving into the state and then subtracting the number of people who move out of the state with Allied Van Lines’ services.
Although these figures do represent a drop when compared to 2009, at which time Texas has 2,000 net moves, the state still had a significantly larger net number of moves than its…
Report Finds Texas is Poised to Lead the Nation
Monday, June 20th, 2011 at 8:28pm. 1420 Views, 3 Comments.
A recent report issued by BBVA Compass bank has determined that Texas is poised to lead the country to its economic recovery.
There are many reasons why the Lone Star State is in position to lead the country toward recovery, with oil prices being among them. Other reasons include the fact that the state has enjoyed a relatively stable housing market as well as limited fiscal challenges. The state has also continued to add private jobs to its market while its exports, particularly coal and petroleum products, have remained strong. In short, Texas has managed to remain relatively positive while most states have experienced a decline in growth.
According to the report, Texas is likely to enjoy a 2.8 percent growth in its gross domestic product this year.…
Austin Projected to Rebound from Recession at the Start of 2011
Monday, May 31st, 2010 at 5:58pm. 1164 Views, 0 Comments.
According to the Federal Housing Finance Agency and the data collected by Moody's Economy.com, home prices in the Austin area should stop falling by the final quarter of this year. Furthermore, according to a Fiserv Inc. report that was released earlier this month, the prices of homes in the Central Texas area are likely to start increasing by the first quarter of 2011 and will likely reach their pre-recession levels by 2016.
Although the analysts predict that home prices will have fallen a total of 4.8% by the time the downward spiral reaches its projected bottom at the end of the year, it has still been a far shorter fall when compared to the national average. In fact, the city did quite well when compared to the 374 markets that were included in the…
Consumer Confidence in the Housing Market Grows
Wednesday, May 12th, 2010 at 10:01pm. 1198 Views, 2 Comments.
According to a Gallup survey that was released in the middle of April, 77% of Americans expect the prices of homes in their area to either remain the same or to go up over the next twelve months. Furthermore, the survey found that 34% of Americans expect the average price of the homes around them to go up over the next year. These figures represent a 12% increase when compared to last year, which is a good sign that consumers are starting to gain more confidence in the residential real estate market. (In April 2009, the Gallup survey found that 63% of Americans believed the housing prices around them would either increase or stay the same.)
According to Gallup, the low interest rates combined with the increase in consumer confidence will likely lead to more…
Unemployment Rates Decrease in the Central Texas Area
Wednesday, May 12th, 2010 at 8:00pm. 1335 Views, 1 Comments.
The Texas Workforce Commission had good news to report to Central Texas residents in the middle of April - the unemployment rate in the area dropped for the second month in a row in March. As such, the unemployment rate is down from 7.3% in February to 7.1% in March.
According to the commission, the Austin-San Marcos-Round Rock area added 4,600 jobs from month to month. Nonetheless, the total number of nonagricultural jobs was down to 760,300 when comparing one year to the next, representing a reduction of 500 positions. Furthermore, in March of 2009, the unemployment rate in Central Texas was lower at 6.6%.
The greatest number of positions were added in the leisure and hospitality industry, which added 2,100 jobs from February to March. Government…
Austin Housing Markets Shows Signs of Recovery
Saturday, April 10th, 2010 at 9:29pm. 1278 Views, 5 Comments.
While housing markets around the country took a significant hit as the country struggled through economic troubles, the Austin real estate market has fared much better. Although the Austin housing market did take a dip in sales and in housing prices, the fall has not been as drastic as with most markets throughout the country. In addition, just as economic experts predicted, the Austin housing market has started to rebound before other housing markets around the country.
According to the Austin Board of Realtors, multiple listing service data indicated that home sales increased while also spending less time on the market during the month of February. In fact, a total of 1,145 homes sold within the Austin market, representing a 4% increase when compared to…
Austin Sees Improvement in Unemployment Rate
Monday, April 5th, 2010 at 6:45pm. 1960 Views, 1 Comments.
One of the biggest draws to living in the Austin area is the fact that employment opportunities are quite abundant when compared to many other metropolitan areas throughout the country. While there is no doubt that Austin unemployment rates did take a bit of a hit during these difficult economic times, the city has managed to do quite well when compared to national averages and even when compared to the rest of the state. Furthermore, according to some data recently released by the Texas Workforce Commission, unemployment rates in the Austin-Round Rock-San Marcos area are only getting better.
According to the Texas Workforce Commission, unemployment rates in the Austin-Round Rock-San Marcos area jumped from 7% in December to 7.6% in January. Things got…
Austin-Round Rock Area Experiences a Drop in Unemployment Rates
Friday, February 5th, 2010 at 2:00pm. 952 Views, 1 Comments.
According to the Texas Workforce Commission, unemployment levels within the Austin and Round Rock area fell by 6.9% in November. While this is still up from the 4.9% rate that the area was experiencing just one year ago, it does represent a decline in unemployment when compared to the previous month.
Previous data indicated that the unemployment rate in the Austin and Round Rock area was 7.2% in October. Compared to the state average of 7.9%, the Austin and Round Rock area is doing quite well with its 6.9% rate. This pattern remains true to the rates from the previous month, with the statewide unemployment rates being at 8.1% in October compared to the 7.2% rate of the Austin and Round Rock area. Similarly, the state had a 5.4% unemployment rate one month…
