Startup technology company, Spredfast, has recently received a round of investment capital totalling approximately $12 million to help with expansion. The company already has 50 employees in the Austin area with plans to hire an additional 50 in sales, marketing, and product development. Continue reading
Senator Watson (D-Austin) envisions a massive investment in Austin to create a medical school, complete with a state-of-the-art training hospital, in collaboration with Seton Healthcare. The University of Texas would provide the medical degree and educational components of the plan. While he recognizes the challenge he is up against, he expressed a strong desire to move this past talk and into action.
The downtown Austin apartment market continues to show strength. A recent announcement for a new high-rise luxury apartment building is a good indication of the confidence that investors and developers have in the urban core rental market.
The Texas Workforce Commission recently released August employment data showing Austin experiencing a net gain of 5,600 jobs from July. The increase resulted in the local unemployment rate dropping to 7.3%. Continue reading
With the recent devastation due to wildfires in the Central Texas region, we thought it would be appropriate to outline the impact wildfires can have on real estate and the housing market. While not specific to the most recent fires, these are common effects a wildfire can have on a local market. Continue reading
According to a recent survey by Manpower, a staffing and research agency, the Austin area has the fifth best job outlook in the nation. The survey looked at numerous factors to determine their rankings, including hiring and layoff plans. Continue reading
Mark Sprague, Director of Business Development at Mission Mortage of Texas, Inc, was recently asked questions regarding the housing market in Austin. We are sharing the questions and Sprague’s answers to the most recent questions. To learn more about new home starts, top builders, most popular subdivisions, and more, please read the full story… Continue reading
For a visual and user-friendly view of Texas foreclosures, we recommend RealtyTrac’s Foreclosure Rate Heat Map. A Texas map is shown, divided by county, color-coded to reflect the rate of foreclosures. Continue reading
While most of the nation faces enormous employment obstacles, Texas stands tall. Statistics released by the Federal Reserve Bank of Dallas and the Bureau of Labor Statistics indicates that Texas leads all states in job creation over the past two years. More impressively, looking at total net jobs gained for the entire nation during that span, Texas accounts for a whopping 50% of new jobs, according to a story in the USAToday. Continue reading
Mark Sprague, Director of Business Development for Mission Mortgage, provided a Mid-Year Forecast for 2011 on Thursday to a packed room of realtors, business leaders, and others interested in the local housing market. His presentation was covered and reported by Shonda Novak of the Austin American-Statesman. Continue reading