Austin Claims #1 Spot for New List - "Best-Performing Cities"

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Real Estate Broker with Austin Texas Homes, LLC 453249

Once again, Austin, Texas has been named as one of the strongest local economies in the country.   In a new report just released by the Milken Institute and Greenstreet Real Estate Partners, Austin was found to be #1 on the list of Best-Performing Cities for 2009.  

In a nutshell, this index ranks U.S. metros based on their ability to create and sustain jobs.  Clearly, this is a terrific feeling, and it's one of the reasons that home prices have stayed consistent with very little depreciation, even during really rough times.  Austin is expected to be among a handful of cities in the U.S. that will add jobs in the upcoming year.

Texas has four of the top five top metro areas named on the list, with Salt Lake City at #3.  Killeen, McAllen, and Houston were all among the top cities.

From the report itself:

Regional economic factors also strongly influenced the rankings this year, with the oil and gas sector, technology, and alternative energy providing stability among metros in Texas, North Carolina, Washington, and Louisiana, which also benefited from low dependence on housing/construction. Austin in particular has been helped by its strong tech industry. It is the first metro to ever be ranked number one twice on the index, the last time being in 2000.

 

 To see the entire report, visit:

http://www.areadevelopment.com/article_pdf/id88703_Best-PerformingCities2009.pdf

 

For additional information about relocating to Austin, you can check out my online relocation package right here:

Austin Texas Relocation Package

 

If you are looking to make a move to Austin to take a new job, or for any other reason at all, please feel free to call or email me anytime.  I would love the opportunity to help you find the right home.  My cell phone number is 512-796-7653, and my email address is jason@austintexashomes.com.  You can visit my primary Austin real estate website at www.austintexashomes.com.  

 

Photo credit:http://www.flickr.com/photos/kaanah/69591962/

 

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Topic:
Home Buying
Location:
Texas Travis County Austin
Groups:
Local Expert
Posts to Localism
Tags:
austin texas
best performing cities
austin texas jobs
austin tx job market

Comments 14 New Comment

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Ambassador
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William J. Archambault, Jr.
The Real Estate Investment Institute

Jason,

I checked Houston didn't do so bad ether!

Sorry about your tin-ear.

Bill

November 29, 2009 06:10 PM
Ambassador
588,735
William J. Archambault, Jr.
The Real Estate Investment Institute

Jason,

I checked Houston didn't do so bad ether!

Sorry about your tin-ear.

Bill

November 29, 2009 06:11 PM
Rainmaker
392,499
Nevin Williams
Raleigh Mortgage Pro
Sierra Pacific Mortgage Raleigh

Jason - Wow!  That's really cool!  I love Austin.  I used to visit it all of the time when I was stationed at Ft Hood.  Such a nice city with a lot going for it, I'm not surprised!

November 29, 2009 06:59 PM
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Robert (Vegas Bob) Swetz
Commercial & Residential Real Estate Agent
REALTY ONE GROUP - LAS VEGAS, NEVADA 702.443.7156

Jason - Some great information and I have never been to Austin Texas maybe I will have to take a drive over on my next visit to New Mexico and find out for myself!

VB ;o)

November 30, 2009 09:55 PM
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August 10, 2013 09:12 AM
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Jason Crouch

Broker - Austin Texas Real Estate (512-796-7653)
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I write about humorous stories, family, things that are interesting to me, and the Austin real estate market.

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