Even the BBC is talking about moving to Texas. A recent feature listed the top ten reasons people are moving here, among them jobs, inexpensive homes, low taxes … they even cited the state’s ‘family friendly’ nature.
Austin , Texas (PRWEB) June 27, 2013
Regent Property Group, a leader in Austin real estate, is reporting that Austin and Texas continue to lead the economic pack among their respective peers, based on numerous nationwide data collections and analyses. Texas’ job growth is now number one in the nation, with portions of Austin’s economic data placing it at the top of the state.
“Even the BBC is talking about moving to Texas,” said Regent Property Group Founder Brian Talley. “A recent feature listed the top ten reasons people are moving here, among them jobs, inexpensive homes, low taxes … they even cited the state’s ‘family friendly’ nature. What we particularly like, from a real estate perspective, is that they specifically named Austin as one of the top reasons to move to Texas.”
Texas’ economy gained 297,900 nonagricultural jobs from May 2012 to May 2013, for an annual growth rate of 2.7 percent, and Texas’ nongovernment sector added 279,000 jobs, for an annual growth rate of 3.1 percent. These compare to the nation’s rate of growth at 1.6 percent and 2 percent, respectively, according to the Real Estate Center at Texas A&M University’s Monthly Review of the Texas Economy. The Center’s Tierra Grande magazine also reported that Texas is the fastest growing state in the country by numbers, with the expectation of an additional 14 million people living in the state within the next two decades. U.S. Census figures show five of the top ten fastest growing cities in the U.S. are in Texas.
The Review states Texas’ seasonally adjusted unemployment rate fell to 6.5 percent last month and that Austin-Round Rock-San Marcos metro area’s annual employment growth rate from May 2012 to May 2013 was 3.8 percent, ranking it fourth among the Texas metro areas. During this same May to May time frame, The Austin Board of REALTORS® reports home volume sales in Austin were 29 percent higher – a record for May 2013, with 2,991 homes selling. Popular areas of Austin, such as the master-planned community of Circle C, have seen high rates of appreciation with low inventory levels and multiple bidding situations, intensifying homebuyers’ Austin home search processes.
Austin, which is now the 11th largest city in the nation according to the U.S. Census, topped the June 2013 On Numbers Economic Index list for the fifth month in a row based on a five-year private-sector growth rate of 10.5%, an unemployment rate of 5.1%, a five-year earnings growth of 13.0%, and a one-year housing-price appreciation of 5.2%. The report cited Austin’s 64,600 new private-sector jobs since 2008.
About Regent Property Group
Regent Property Group was founded by Brian Talley, who has been ranked among the top 1% and 2% of Austin Board of REALTORS® members. He is a personal top producer, closing multi-million dollars of transactions for homes located all over Austin, in areas such as Lake Austin, Eanes ISD, Westlake, downtown, and more. During 2011, Brian was the #11 selling agent (#9 including off-MLS properties) for total dollar volume sold in the greater Austin area. Talley, a 5th generation Texan, formed Regent Property Group to serve the needs of Austin’s residential real estate clients, helping people buy and sell luxury homes in the greater Austin area. Contact: info (at) regentpg (dot) com, or call today at 512.554.9714.