“The recovery is visible throughout town, with storefronts filling up again, homes selling quickly, major local businesses like Whole Foods expanding, and other businesses expanding their corporate presence in town, like with the new Apple campus.
Austin, TX (PRWEB) May 24, 2012
Austin Realtor Brian Talley of Regent Property Group said while most of the country is still playing catch-up to pre-recession job rates, the job market in Austin, Texas, has recovered, along with the Austin real estate market - steadying news for those starting an Austin Home Search or considering investment properties. This is amid news the Austin Business Journal recently reported Austin among 13 of the nation’s 100 biggest labor markets to have regained all of the jobs that were lost following the recession.
“The recovery is visible throughout town,” Talley said, “with storefronts filling up again, homes selling quickly, major local businesses like Whole Foods expanding, and other businesses expanding their corporate presence in town, like with the new Apple campus.” The job market’s improvement has had special impact on higher-priced homes, he said, as mid-level to executive employees finally are feeling secure to sell their median price homes and upgrade to Austin luxury homes, such as prestigious homes on Lake Austin.
Austin’s accolades don’t just rest on its ability to bounce back; the city is ranked the third most prosperous metro in the past five years because it added 37,900 private-sector jobs, according to the Business Journal’s research, which used preliminary data from the U.S. Bureau of Labor Statistics to compare 2011 private-sector employment levels against official pre-recession figures.
Texas took four of the top five spots for fully rehabilitated markets, with Houston, Dallas-Fort Worth, and San Antonio claiming three other crowns. By percentage gains, the Business Journal quantifies that Austin added 6.64% more jobs between 2006 and 2011.
“The labor market, the business market, and the housing market have a triangular relationship,” Talley said, “in that each is dependent on the other for strength, so when we see gains as we have in the housing market, it follows that the other legs of the structure are improving as well.”
About Regent Property Group:
Brian Talley is the founder and owner of Regent Property Group. He is a 5th generation Texan who has been active in Austin real estate since 1998. During 2011, Brian was the #11 top selling agent for total dollar volume sold out of over 5,000 REALTORS® in the greater Austin area. During 2008, 2009, 2010, and 2011 Brian was a top producer, closing multi-million dollars' worth of residential Austin real estate purchase and sales transactions for homes located all over the greater Austin area, such as Lake Austin, Eanes ISD, Westlake, downtown, and more. He 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 Regent Property Group today at 512-554-9714.