Posts Tagged Austin
5 Cities Where Home Prices Will Rise
Posted by enrique s in Links, Real Estate on September 23rd, 2009
Photo by nDevilTV
Economists are saying that some of the country’s real estate markets are showing signs of recovering. Yahoo! Finance says that they expect the national market to bottom out in 2010. You can read the original article by clicking the link:
Where Home Prices are Likely to Rise
While these cities won’t experience exponential growth, at least there’s a tick upward, rather than down. Better than Moody’s prediction of a 16.08% nationwide decrease by the end of the year. And things don’t improve that quickly, either. They don’t expect a return to the pre-crash levels until 2014.
If you live in Florida, you probably will continue to see prices drop. The article cites overbuilding and a slow-growing economy as the obvious reasons. Contrast this with cities in Texas, where tougher zoning laws prevented overbuilding. The loss of population and jobs has hurt the Midwest, and Detroit has its own problems related to the auto industry.
Without further ado, here’s the list of the early risers:
Atlanta, GA
1 year change, 2009: -14.91%
3 year change, 2009-2012: 0.98%
5 year change, 2009-2014: 11.35%
Austin, TX
1 year change, 2009: 0.29%
3 year change, 2009-2012: -1.54%
5 year change, 2009-2014: -1.01%
Baltimore, MD
1 year change, 2009: -13.32%
3 year change, 2009-2012: -3.33%
5 year change, 2009-2014: 9.22%
Boston, MA
1 year change, 2009: -9.75%
3 year change, 2009-2012: 4.48%
5 year change, 2009-2014: 20.44%
Charlotte, NC
1 year change, 2009: -8.15%
3 year change, 2009-2012: 3.54%
5 year change, 2009-2014: 12.20%
Wow, a 20% growth in Boston! I was hoping for some good news in the New York area, but it seems our pain is just beginning. We’ll only expect a 4% growth over the next 5 years. I’m glad we’re not planning on moving anytime soon.
How about your area? Click on the following link to see a complete list that Forbes.com has put together:
In Depth: Where Home Prices Are Likely To Rise
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Top 5 Least Stressful Cities
Posted by enrique s in Links, Real Estate on September 9th, 2009
Photo by vramak
Forbes.com recently listed America’s most stressful cities. You can follow the link to the original article through Yahoo! Real Estate. The factors taken into account were unemployment rates, cost of living figures, median home price drops, population density, sunny and partly sunny days, and air quality. Today, I’ll present the flip side to yesterday’s list. Here’s the top five least stressful cities:
Austin
Austin ranks as the least stressful city of the 40 largest metropolitan statistical areas we examined. It has a year-over-year median home-price drop of only 1%, and an unemployment rate of 7.1% as of June. It also had the lowest population density. Maybe a little too sleepy for me.
San Antonio
San Antonio’s sunny weather, high air quality and an unemployment rate in June of 6.9% are just a few of the factors allowing its population to beat stress. Good hoops team, too.
Nashville
Nashville, America’s home of country music, has the lowest cost of living of the 40 metropolitan statistical areas we measured. That combined with its good weather–208 sunny and partly sunny days in 2007–and high air quality bring the stress level down. My musical tastes are more Led Zeppelin than Tim McGraw, so this one is a no-go for me.
Dallas
Dallas, the country’s fourth-largest metropolitan statistical area, ties with Kansas City, Mo., as the 36th most stressful city. Factors helping its case are its relatively low median home-price drop of 5%. The city’s economy, based on banking, energy and transportation, saw an unemployment rate of 8.2% in June. I’m a New York Giants fan, so the only thing that I like from Dallas is Stevie Ray Vaughn. Next.
Kansas City
One factor helping residents of Kansas City beat stress is its low population density of 256 people per square mile. It also ranks in the bottom 10 for stress relating to a year-over-year median home-price drop of 9.2%. I visited KC about 20 years ago, and there were no people walking on the sidewalks. Maybe they saw me coming. 
Looks like I’m stuck in stressful old New York. A little stress can be a good thing if channeled properly. How stressful is your city? What do you do to cope with the stress?
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10 Best Cities for Job Growth
Yahoo Real Estate had an article which listed the top 10 cities for job growth. Here’s the list:
- Huntsville, Alabama
- Albuquerque, New Mexico
- Washington, D.C.
- Charlottesville, Virginia
- Athens, Georgia
- Olympia, Washington
- Madison, Wisconsin
- Austin, Texas
- Flagstaff, Arizona
- Raleigh, North Carolina
While energy and finance drove job growth in the past, this year’s list projected growth from other avenues:
Today, many cities are relying on government programs, universities and stalwart industries, such as health care, to bolster employment in a weak economy. Those factors appeared frequently when we assembled candidates for our 2009 Best Cities list, which focuses on places that have stable employment plus the talent to create new, well-paying positions. A robust job market makes these cities safe havens during the recession and will give them a head start toward growth when the recovery takes off.
I’m not so sure that I want to hang my potential job growth on government programs. That’s exactly what’s driving the growth in Huntsville, our nation’s missile-defense hotbed, and D.C., where the government appears to be growing by the minute. Charlottesville is dependent upon UVA, Norfolk Naval Base, and the U.S. Army’s Intelligence Center. The state government employs half of Olympia’s workforce. So that’s four out of the ten that are dependent on the government in one form or another.
What about growth in private sector jobs? The only cities that talk about private sector growth are Madison (biotech) and Athens (manufacturing). Sorry, but I wouldn’t call it growth if it’s funded by taxpayer dollars. I think it’s shortsighted to rely on the government for creating jobs with tax dollars. There’s an opportunity cost to the private sector in there somewhere.
What do you think? Do I know what I’m talking about, or am I just a windbag? Leave a comment (If you’re signed up with CommentLuv, you’ll get a free link back to a post on your blog).
Click here for the original article: Best Cities: It’s All About Jobs
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