Austin Real Estate - Austin Investing

Fortune 500, National Ranking

nospam@example.com (Brittany Murphy) — Fri, 16 Apr 2010 00:17:24 -0500

Thursday, April 15, 2010, 12:37pm CDT | Modified: Thursday, April 15, 2010, 12:46pm

Texas tied for tops in Fortune 500 HQs

Austin Business Journal - by Chad Eric Watt, Ashley Furness Dallas Business Journal, Austin Business Journal

Another Forbes List - Austin at top for fastest growing metro

nospam@example.com (Alexander Stross) — Mon, 04 Feb 2008 19:39:42 -0600

www.bizjournals.com/austin

Thursday, January 31, 2008 - 2:32 PM CST
Austin economy spanks the competition
Austin Business Journal

High-tech, a booming film industry and the University of Texas all helped propel Austin to the top of Forbes' 2008 list of America's Fastest Growing Metros.

The magazine ranked Austin No. 1 among the nation's 100 largest metropolitan areas. The list sorted cities by their anticipated gross domestic product growth between 2007 and 2012. Austin's GMP, or the value of goods and services produced in the area, is expected to climb 32 percent over the five-year period.

Forbes credits the local boom to high-tech employers like Dell Inc. (NASDAQ: DELL) and IBM (NYSE: IBM) as well as the University of Texas, which is producing ample engineering talent.

Other cities that ranked high on the list include Atlanta, Seattle, Orlando, Houston and San Jose, Calif. The Forbes article points out that all of those cities share several key characteristics with Austin: They are tech hubs in close proximity to universities with growing population bases.

Forbes used GMP forecasts provided by Moody's Economy.com.

The regions of the country with the fastest growing metro areas overall are the Southeast and West. Forbes credits the lower costs of living and doing business in those areas for their higher anticipated performance.

Rental Market

nospam@example.com (Brittany Murphy) — Tue, 19 Jun 2007 18:55:18 -0500

Saturday, 16 June 2007

The average rental price in Austin is up 7.6% from May of last year to $1377. The Median rental rate is up 3% to $1175/mo. Days on Market is down 27% and number of homes leased is down 15%. In short, our Austin rental market for single family homes continues to chug along very well.

Austin Texas Real Estate - Rental Market Update February 2007

nospam@example.com (Alexander Stross) — Sun, 25 Mar 2007 18:10:30 -0500

The Austin Rental Market continues to show steady improvement for landlords. Average and Median rents for single family homes are up about 5% from Feb of last year. Median Days on Market dropped 7.8% to 47 days, meaning half of all homes leased through the Austin MLS took longer than 47 days, and half took less than 47 days to lease.

Austin Leasing Stats Feb 2007
Previous Month and Year Comparison
All MLS Areas - Houses Only
	Jan 2007	Feb 2007	Feb 2006	Yr % Change
# Leased	594	606	601	1%
Avg List Price	$1239	$1262	$1207	4.6%
Median List Price	$1150	$1150	$1100	4.5%
Avg Leased Price	$1235	$1250	$1194	4.7%
Med Leased Price	$1145	$1150	$1095	5.0%
Avg Size SQFT	1876	1834	1818	1%
Median SQFT	1771	1766	1732	2%
Avg $ per SQFT	$0.66	$0.68	$0.66	3%
Avg Days on Mkt	61	61	60	1.7%
Median Days on Mkt	50	47	51	-7.8%