Austin Real Estate News

May 2017

Texas has been a hotbed of new business over the last decade and the state prides itself on its business-friendly policies and culture. But which of the state's cities are the best for startups?

Using the metrics of overall business environment, access to resources and business costs, WalletHub ranked the country's 150 best large cities to start a business. Texas cities made a strong showing with seven of the top 25 cities nationally. Austin came out on top in Texas at No. 8 nationally, followed closely by Amarillo at No. 9.

While the Texas capital ranked highly, the breakdown by WalletHub hinted at some of its familiar challenges: Austin ranked No. 9 nationally for "access to resources," which measured factors like venture capital funding per capita and the local talent pool. That was behind startup hotbeds like Boston and San Francisco as well as less-traditional places such as Madison, Wisconsin; Lincoln, Nebraska; and Richmond, Virginia. Austin also ranked No. 127 nationally for "business costs," which looked at the cost of office space and cost of living, among other things.

In the "business environment" category, Austin came in at No. 4 nationally — behind San Antonio at No. 2. The factors in the business environment category included the length of the average work week, average growth in number of small businesses, startups per capita, average growth of business revenues, the five-year business survival rate, industry variety and an entrepreneurship index.

April 2017

The latest GOBankingRates study reveals that only 11 of the 50 biggest U.S. cities have a median income high enough to cover what’s needed to live comfortably.

To see the full list ordered by population, visit: https://www.gobankingrates.com/personal-finance/money-live-comfortably-b...

The 2017 data is even worse news for Americans than last year’s study results, which found 15 of the biggest U.S. cities had incomes large enough to support a comfortable living.

The study used the 50-30-20 budgeting rule when determining the income required for a comfortable living in each city. This rule divides income into three buckets: 50 percent is expected to go toward necessities, 30 percent towards discretionary items and 20 percent towards savings.

April 2017

Austin ranks as the world's number one Tech City. IBM, Dell, and AMD all have a long-established presence here, and today low taxes, favourable real estate costs and a strong entrepreneurial culture mean the Texan capital maintains a thriving and innovative start-up scene, with access to some of the world's top talent.

April 2017

If you’re a creative person, looking for a city that ignites your creative flair, where should you live? Perhaps you dream of becoming a writer – which city will provide the muses and inspiration you need? Maybe you want to go to an art school in a city where you’re surrounded by artists in your community and not just your classes. We set ourselves the challenge of finding out what cities creatives flock to, or should flock to live.

But first, how do we define creativity? The term has been used to describe personality types, professions, fields of study, and hobbies, but it’s also used when creating something, problem-solving, and reaching that “eureka” moment. For the purposes of this study, we defined creativity as producing work that is original and relating to four factors: the person, the process, the environmental influences, and the product created.

We analyzed data from the U.S. Census Bureau and Bureau of Labor Statistics and determined four measurable metrics: creative jobs, creative schools, performing arts companies, and motion picture and video companies. These four metrics all reflect original work from a person, a process, environmental influences, and a product. We then took these metrics and ranked cities to determine the 25 most creative cities.

March 2017

Figuring out where to live and work within your means can be a challenging task. Lucky for you, we teamed up with Zillow to find out which metro areas in the U.S. are the Sweet Spots for job seekers, offering both strong job opportunity and affordable housing. We combined LinkedIn's employment data and Zillow's housing data to analyze a common set of priorities for today's professional: an affordable home and a good job.

Using LinkedIn Jobs data, LinkedIn Salary data, and the percent of workers hired in the past year, we identified the U.S. metro areas with the strongest overall job opportunity. By combining this analysis with income tax rates and Zillow's median rent data, we were able to identify the Sweet Spots across the country where you can get hired and pocket the largest share of income after paying for housing and accounting for taxes.*

Keep reading if you want to:

Find your sweet spot

Get hired

Have some extra cash

Work in finance

Work in technology

Work in healthcare

If You Want to . . . Find A Sweet Spot

March 2017

Revitalization—it’s a word used to describe what’s happening in nearly every American city right now, but in the South, our cities aren’t so much undergoing a revitalization as much as they are an awakening. Sure, we’re breathing new life into historic buildings and settling into homes that are in high rises and once-neglected neighborhoods. But from the Gulf coast to the Atlantic coast, a diverse mix of lifelong Southerners, millennials, newcomers, and transplants are launching start-ups, building new restaurants, creating new music, solving problems, and coloring the South as one of, if not the, most exciting regions of the country to live. And it's happening in ways we couldn’t have even imagined a decade ago.

February 2017

When it comes to cool, we already know that the major cities have it on lock. NYC, LA, Chicago, Boston, San Francisco—we recognize your cool cred. America’s small and mid-size cities are stepping up, giving the big metropolises a run for their trend-setting money. The cities on this list landed on our radar for interesting festivals, thriving art scenes, young and fresh demographics, and a hunger for the hipper things in life—from foodie districts to contemporary galleries. To determine the cream of the crop of cool cities to visit in the U.S., we then ranked them with the following criteria:

February 2017

About 50 people move to Austin every day, drawn to the Texas capital's music, outdoor spaces and cultural institutions. Austin was established along the Colorado River on the edge of the Hill Country in 1839. Originally named "Waterloo," Austin remains rich in history, from the bronze statue of Stevie Ray Vaughan that greets visitors near the river, to the stately Capitol that anchors downtown, to the LBJ Presidential Library at the University of Texas at Austin.

Named the "Live Music Capital of the World," Austin has a plethora of music venues and local bands to entertain endless crowds. However, musicians should think about finances before moving, as many say it's difficult to make a living in music in Austin. Still, a number of well-established locales are regularly booked and host major musical acts. The metro area is home to banner music festivals like Austin City Limits, a two-weekend-long fall event featuring major headliners and lesser-known acts, as well as South by Southwest, an annual set of film, interactive media and music festivals held in March. Austin's newest music extravaganza, Fun Fun Fun Fest, founded in 2006, has become beloved as a pioneering festival of progressive music and comedy.

February 2017

Raising a family can be tough. First of all, it’s expensive. The USDA estimates that raising a child born in 2015 would cost a family $233,000 over 18 years. It’s common nowadays for both parents to work outside of the home, meaning they need to pay for full-time child care, which can be very costly. Parents also want to give their children the best chance to succeed so school quality is on many parents’ minds when deciding where to live.

January 2017

STEM workers are in fierce demand and not just in the global epicenter of high tech known as Silicon Valley. According to a U.S. Bureau of Labor Statistics analysis, STEM — science, technology, engineering and math — professions grew at over twice the rate as non-STEM workers did between 2009 and 2015. And most types of STEM jobs will expand faster than all occupations until 2024.