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Tandy on Real Estate
Tandy on Real Estate
So, we know that Austin is the Silicon Hills of the South and leads the tech corridor in microchip development, tech startups and venture capital funding, outside of cities like San Francisco. I recently received the Patent Activity Report produced by Beverly Kerr, VP, Research at the Greater Austin Chamber of Commerce, and it became ever more evident to me why we are the incubator of tech development and why inventors, developers and top technology companies flock to our great city.
According to the U.S. Census Bureau there is a new fastest growing state in America. This year North Dakota got outranked by Utah. Utah’s population went past the 3 million mark and increased 2% since last year.
See the Top 10 ranking below with Texas coming in at #10. Not too shabby.
Earlier this year, the Texas Land Title Association (TLTA) hosted a presentation on trends in Cyber Crime. Throughout 2016, the trends presented have continued and expanded. As Yahoo has recently experienced with the data breach of a billion customer accounts, cyber criminals continue to take advantage of every weakness.
The Federal Reserve Bank of Dallas released their Economic Indicators report for San Antonio September 22, 2016. The report, however positive for economic growth, did show a downshift in job growth and an increase in unemployment during the summer indicating that this year will be weaker compared to last year for San Antonio.
Industries from music to telecommunications have been completely revolutionized by innovative new advancements in technology. Consumers can now buy almost anything online – from cookies to cars. Information is available on-demand via search and our colleagues, friends and family are just an email or text away. But what about the start-to-finish homebuying process?
Austin ranked number 4 in economic expansion for 2015 with 5.0% growth rate and number 2 with an amazing 28.1% growth over the last 5 years. According to new data on gross domestic product (GDP) by metro released late last month by the U.S. Bureau of Economic Analysis (BEA), in 2015, Austin grew 5.0%, San Antonio grew 5.9%, Houston grew 4.6% for a ranking of number 6 in the nation and Dallas was ranked 16 with 3.6% growth.
Monday, September 19th the Austin American Statesman announced that Amazon will be growing their Domain office, hiring 100 additional Austin workers. Since opening in 2015 the Domain office has doubled its staff to 350 employees. The staffing addition will continue to build Amazon’s online presence.