Austin Accolades 2013

Austin Economy Named on Most International List in New Study

Austin Economy Named on Most International ListThe Austin economy was named on a Most International List in the country by a recent study released by Brookings Institution. The study evaluated economies of other cities in the nation based on statistics from 2010. 

The Austin-Round Rock-San Marcos area ranked ninth in percentage of international trade share, according to the report. Austin came in at 22.3 percent. Houston was the only other Texas city to make the list and ranked 5th in the country at 23.9 percent.

One main reason that Austin has such high international trade compared to others cities across the country include the city's technology industry involvement. Austin is home to many tech and electronic...

New Report Estimates Austin to Have Top Growing Metro Economy for 2013-2014

New Report Estimates Austin to Have Top Growing Metro Economy for 2013-2014A new report estimates that Austin will have the top growing metro economy from 2013 to 2014. This report was created for the U.S. Conference of Mayors, and was compiled by international forecasting and information company IHS Global Insights. 

This new report projects that the Austin-Round Rock- San Marcos area will increase the region's gross metropolitan product by 5.9 percent in the next year. The GMP equals the total value of services and goods in a metro area. It's projected that the Austin area's value will grow from $103.2 billion to $109.3 billion.

Of the 363 metro...

Austin Ranks High for Top Commercial Real Estate Markets

Austin Ranked High for Top Commercial Real Estate MarketsAustin has been ranked as one of the top commercial real estate markets in the country, according to a new report from the Urban Land Institute. The UIL recently published the Emerging Trends in Real Estate review for 2014 to coincide with its annual conference that took place in Chicago this November. 

Austin ranked 7th on the list. The report gave props to the capital city for strength in areas including employment growth, housing construction and opportunities for new business. Lower taxes combined with highly-trained employees also contribute to Austin's top ranking. 

The report claims that investors are now more willing to take higher risks...

Austin Named A Top Energy-Efficient City

Austin Named a Top Energy Efficient CityRecently Austin was named a top energy-efficient city in the U.S., according to a new study by the American Council for an Energy-Efficient Economy. The Capital City placed 6th overall on the ranking. 

The ACEEE is a non-profit organization based in Washington D.C. The group conducts research and works to promote and advance energy efficiency through policies, investments, programs and technology. The ACEEE studied over 34 cities in the nation to compile their list, known as the City Energy-Efficiency Scorecard. Factors taken into consideration for the rankings include community initiatives, transportation, buildings, local government operations and energy water utilities public benefits programs. 

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Austin Ranked Top Economy in Country

Austin Ranked Top Economy in CountryOnce again, Austin ranked the top economy in the country, according to The Business Journals' On Numbers. Austin seized the No. 1 spot on the list for many factors, including its steady job-creating power. 

Austin has held the top spot on the list for 8 out of 10 months during the current year. Only Oklahoma City and Provo, Utah briefly stole the crown from the Texas capital in 2013. The ranking consists of 102 major metropolitan areas that span the country. 

Austin received a total score of 83.9 of a possible 100 points. The ranking is based on 18 various economic factors including job growth, unemployment rate, worker earnings, and home value. 

The main reason Austin has...

Austin Named Top City for Veterans to Find Jobs

Austin Named Top City for Veterans to Find JobsAustin has been named a top city for veterans to find jobs, according to a recent USAA and Hiring Our Heroes study. Austin ranked the 5th top city in the country for U.S. veterans to find employment. 

Austin Homes for Sale

This study was conducted by research website Sperling's BestPlaces. This site is run by author and researcher Bert Sperling, and is often commissioned for research studies ranking us cities. Other Texas cities also ranked high on the list. Houston was the number 1 spot, and Dallas-Ft. Worth came in at second place. This is the second year in a row that Austin has ranked in the...

Why People are Moving To Texas

Why People Move to Texas

According to a recent article published in Time Magazine, Texas is the future of our great nation. It's not a coincidence that so many people are moving to Texas. There are more jobs in the Lone Star State, as well as cheaper housing, lower cost of living, and many other factors that have led to a Texas migration over the past few decades.

Current Homes for Sale in Austin Texas

According to the Time Magazine cover story, Texas is the fastest-growing state in the country. Three Texas cities, Austin, Dallas and Houston, are in the top 5 of the nation's fastest-growing cities. Approximately 106,000 people migrated...

Austin Named a Hot Spot for Hotel Development

Austin Named a Hot Spot for Hotel DevelopmentAustin is one of the top hot spots for hotel development in the country, according to the New York Times. Austin has one of the most active markets in the country for new construction with 8 new hotels currently scheduled to open in the next 3 years, totaling over 4,000 new rooms for the city. 

Austin's tourism industry gets a boost from festivals and events like Austin City Limits and South by Southwest. The new Circuit of the Americas race track has also lead to increased revenue for Austin, as well as helped the city win the bid for the next four years for the Global X Games circuit. ...

Austin Named A Top City for Entrepreneurs

Austin Named Top City for EntrepreneursAustin has been named one of the top cities in the world for entrepreneurs according to Forbes columnist Patrick Hull. This up-and-coming city has is not just a great place to live, according to Hull. Austin is a great incubator for business entrepreneurs. 

Success from the large annual events in Austin, including the SXSW Interactive Festival as well as the Austin City Limits Festival has helped create a buzz about Austin for the past few years. These events have actually helped fuel creativity and innovative ideas as well as startup activity. 

Austin was among only three U.S. cities to make the list, including Richmond VA and Raleigh/Durham NC. Other cities from across the globe to make the cut included Sydney...

Austin Ranked One of Safest Major Cities in the Country

Austin Safety StatisticsAustin has been ranked among one of the safest major cities in the country according to the FBI's Unified Crime Report. Austin jumped up to the No. 2 spot for cities with populations over 500,000. Previously Austin was ranked 3rd the previous year.

The FBI study showed that as a whole, violent crimes and rape were decreasing, while murder, aggravated assault and property crime are increasing. Murders in Austin were reported to have a slight rise, from 27 in 2011 to 33 this past year. 

Austin Police Chief Art Acevedo is proud of Austin's ranking even with the slight increase in statistics from 2011. Acevedo credits a good relationship between Austin's citizens and police force, as well as the hard work of Austin's law enforcement officers to the increase in ranking this past...

Austin Unemployment Rate Nears Perfection

Austin Unemployment RateAustin's unemployment rate dropped to 5.2 percent last month, according to the Texas Workforce Commission. This indicates a decline from 5.6 percent the previous month, and also down from the 5.9 percent rate this same time last year.

Economists estimate that a healthy unemployment rate ranges from 4 to 6 percent. If the rate drops below 4 percent, economists warn that this can indicate inflation due to upward force on salaries. If the rate hovers over 6 percent, unfortunately it can tend to affect consumer economic spending. Austin is within the "perfect" range as it continues to remain in the healthy zone. 

Austin's unemployment rate is well below the national average...

Austin Tops List for Most Thriving Cities in Nation

Austin Tops List for Most Thriving City in NationAustin ranks high on yet another list. This time the Capital City was named the 4th Most Thriving City in the United States by online news site, The Daily Beast.  

Many factors contributed to Austin's ranking as one of the country's top thriving cities. The Daily Beast analyzed information such as population, employment opportunities, housing market, and even intellectual capital. Data sources included the U.S. Census Bureau, Moody Credit Service, Zillow and the Bureau of Labor Statistics. 

Over 100 of the largest cities in the nation were studied. Austin was actually the only city in the top five that is not located in California. Other Texas cities to make the top 20 included Irving and Plano....

Austin Eatery Makes U.S.'s Most Beautiful Restaurant List

Austin Eatery Makes U.S.'s Most Beautiful Restaurant List

Local Austin eatery Green Pastures was named one of the most beautiful restaurants in America according to Zagat.com. This restaurant is located inside a gorgeous Victorian-style 1894 estate in the Bouldin Creek area of South Austin. 

Green Pastures is a popular Austin eatery, especially for Sunday brunch. With wrap-around porches and peacock's strolling the lush grounds, this restaurant offers a serene atmosphere that makes this spot a local favorite for romantics.  

Green Pastures was one of the least expensive options to make the national Zagat list. The average tab for Green Pastures was listed at $41 on the report. 

The restaurant features...

Experts Conclude Austin Not in Housing Bubble

Experts Conclude Austin Not in Housing BubbleExperts conclude that the recent increase in Austin home values is not a housing bubble forming, but genuine price increasing directly from population and job growth in the area and lack of available housing. 

A housing bubble forms when home prices drastically increase over a period of several years, and overtake income levels from the local labor force. Prices rapidly increase until they become unsustainable, and then decline.

During the housing peak of 2008, while other areas in the country such a Phoenix or Las Vegas saw housing spikes increase up to 38 percent, Austin had an annual increase rate at 9 percent. Then while home prices declined up to 37 percent in those same areas, Austin homes decreased on average...

Austin to Host X-Games Starting in 2014

Austin to Host X-Games Starting in 2014Austin has been chosen to host a stop on Global X-Games circuit for a four year contract starting in 2014. The first round of Austin X-Games are scheduled for May 15-18, 2014 at the new race track, Circuit of the Americas, located approximately 20 minutes from downtown.

Austin won the bid, beating out finalists including Chicago, Detroit and Charlotte, North Carolina. Austin, known as the Live Music Capital of the World, will replace long time host Los Angeles that has held the summer spotlight for the past 11 years. 

Many factors contributed to the Capital City's win, including the city's vibrant spirit and festival feel. Austin is experienced in holding large and successful events, including ACL and SXSW Festivals....

UT Named One of Top Universities

UT Named One Of Top UniversitiesThe University of Texas has been ranked high on multiple lists for top colleges in the country, as well as in the world. UT is also recognized as a best value for higher education. 

The University of Texas ranked number 26th out of the top 100 schools in the world according to the 2013 report from The Center for World University Rankings. For in the U.S., the Longhorns placed 7th for public universities. 

According to the 2014 Fiske Guide to Colleges, UT was also listed as one of the "Best Buys in Higher Education," though no specific rankings were released in that report. This list included 21 public universities and 20 private colleges across the country, as well as Canada and the United Kingdom.

Rankings...

Austin Grows to 11th Largest City in the Nation

Austin Grows to 11th Largest City in the NationAccording to new Census data, Austin has now grown to the 11th largest city in the nation. This is a surprising jump from the 13th spot that Austin held last year.  Austin has now passed both Jacksonville, Florida and Indianapolis, Indiana for population size.

 

The data included in this report account for populations within the city limits. Information collected from the U.S. Census Bureau included data from births, deaths, and migration to calculate population numbers. 

 

The study also showed that much of the country's growth came from the South and West regions, but more specifically from Texas. Eight of the top 15 large cities and towns were located in the Lone Star State. Other Texas cities with high growth rate included Houston,...

Record Month of May for Home Sales in Austin

Record Month of May fr Homes Sales in AustinMay 2013 marked the most volume of homes sold in the greater Austin area, according to the Austin Board of Realtors. The real estate market has been strong in the area for some time, and continues on an upward rise. 

2,991 single family homes sold in this May, which is a 29% increase from the year before. During May, homes sold in an average of 44 days, which is 19 days quicker than in May 2012. Home prices are also up 8 percent from the same month last year, with the medium Austin-area home price of $231,500 this May.

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Austin's Changing Skyline

Austin's Changing SkylineThe city of Austin has experienced much growth and change over the years, especially in more recent times. The Capital City seems to rank high on so many lists these days because of affordable housing, a strong real estate market, and employment opportunities just to name a few. 

Austin will continue to change and grow over the next few years, as will its beautiful downtown skyline. Check out this slideshow of just a few of the anticipate projects that will affect the cityscape:

Link to Austin's Changing Skyline Slide Show

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Austin Ranks High in Clean Technology Leadership

Austin Ranks High in Clean Technology LeadershipAustin ranked 11th in the country for clean technology leadership according to the 2013 Clean Technology Leadership Index reported by Clean Edge, an advisory and research board that was founded in 2000 specializing in the clean technology sector. 

The index ranks cities across the country based on several factors, including green energy sources, hybrid and electric vehicles, green building deployment, smart meter installations, and clean economy jobs to name a few. Austin scored high in several categories including hybrid electric vehicle use, clean electricity and carbon management, clean tech venture capital, and clean-tech investment, innovation and workforce.

As a whole, Texas ranked number 22 for states, while California took the top spot in the nation. San Francisco...