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Tandy on Real Estate
Tandy on Real Estate
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.
I recently had a wonderful experience of seeing executives lead by example. The new company I joined, Mother Lode Holding Company, believes in their employees stating that it is important to care for each other, have the support needed and to forge lasting relationships built on trust. Those are all great words, but we have all witnessed companies where vision statements are empty words that leaders don’t follow. Happily, I saw these executives truly leading by example and the living by the company’s founding principles.
Austin is known for many things. “The Live Music Capital of the World”. A haven for the innovative and entrepreneurial-spirited technologists where start-ups thrive and venture capital flows. A place where Fortune 500 companies like Cisco, eBay, IBM, Intel, Advanced Micro Devices, Texas Instruments, 3M and Whole Foods Market have proved successful in establishing their company headquarters or regional offices. Even technology powerhouses like Apple, Oracle and Amazon are seeking the “Silicon Hills” for our impressive labor pool and advanced high-tech atmosphere.
Austin and Central Texas are located in one of the nation’s lowest risk areas for natural disasters which attracts data centers and disaster recovery sites for large companies. According to www.TexasWideOpenForBusiness.com, Texas is a leading location for data centers due to affordable real estate, low incidence of natural disasters, available skilled workforce, bandwidth availability, competitive electricity rates and tailored tax incentives.
Since leaving Stewart Title in April, I’ve had time to reflect on the type of company, specifically the type of title company, I want to work for and dedicate my time to. I’ve managed title or technology companies since 1982 and over that time have come to some conclusions about what makes a company successful over the long term… and what not to do. For starters, I think it’s interesting how many companies, not just title companies but all companies, spend so much time and energy claiming that their employees are their most important asset yet the company seems not to know or care about i