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Austin's GMP growth top in nation
(Austin Business Journal) 1/11/2010
The Austin economy has grown more than those of any of the largest 100 American metros during a period when 95 percent of those metro economies contracted, according to a December Brookings Institution report.
Austin’s gross metropolitan product — or GMP, the value of goods and services produced — expanded by 2 percent from the end of fiscal 2008 until now. The average U.S. metro area saw its GMP decline 2.4 percent.
GMP accounts for a lot of things. It is not just exports. It is income growth, consumer spending, business investment.
Income in Austin has grown by about 35 percent in the past decade, which fuels more consumer spending. Since the end of fiscal 2008, income has grown by about 1 percent, according to data from IHS Global Insight.
Top five for GMP growth
1. Austin — 2%
2. Washington, D.C. — 1.6%
3. McAllen, Texas — 1%*
4. Virginia Beach, Va. — 0.7%
5. San Antonio — 0.5%
(Austin Business Journal) 1/11/2010
The Austin economy has grown more than those of any of the largest 100 American metros during a period when 95 percent of those metro economies contracted, according to a December Brookings Institution report.
Austin’s gross metropolitan product — or GMP, the value of goods and services produced — expanded by 2 percent from the end of fiscal 2008 until now. The average U.S. metro area saw its GMP decline 2.4 percent.
GMP accounts for a lot of things. It is not just exports. It is income growth, consumer spending, business investment.
Income in Austin has grown by about 35 percent in the past decade, which fuels more consumer spending. Since the end of fiscal 2008, income has grown by about 1 percent, according to data from IHS Global Insight.
Top five for GMP growth
1. Austin — 2%
2. Washington, D.C. — 1.6%
3. McAllen, Texas — 1%*
4. Virginia Beach, Va. — 0.7%
5. San Antonio — 0.5%
Foreclosures show signs of easing
(Austin American-Statesman) 1/15/2010
Austin area foreclosure postings rose just 2 percent for the February auction from a year earlier, the smallest increase in months. According to Foreclosure Listing Service Inc., 1,286 properties were posted for the Feb. 2 auction, up from 1,261 a year earlier. It was the lowest level in five months.
Postings were up 32 percent in Travis County from a year earlier and up 13 percent in Williamson County. They fell 7 percent in Hays County and 31 percent in Bastrop.
George Roddy Sr., president of Foreclosure Listing Service, said the trend was encouraging, but cautioned that “a change for one month does not establish a new trend. We will just have to wait and see what happens next month.”
The Travis County postings include repeat postings on a number of high-profile commercial properties, according to Real Estate Foreclosures Inc. in San Antonio. They include the stalled Star Riverside condominium development on East Riverside Drive and the Avana housing development in South Austin.
The list also includes the bankrupt $192 million Hill Country Galleria in Bee Cave. A private auction was conducted for the mall. The outcome is not expected to be public until next week.
(Austin American-Statesman) 1/15/2010
Austin area foreclosure postings rose just 2 percent for the February auction from a year earlier, the smallest increase in months. According to Foreclosure Listing Service Inc., 1,286 properties were posted for the Feb. 2 auction, up from 1,261 a year earlier. It was the lowest level in five months.
Postings were up 32 percent in Travis County from a year earlier and up 13 percent in Williamson County. They fell 7 percent in Hays County and 31 percent in Bastrop.
George Roddy Sr., president of Foreclosure Listing Service, said the trend was encouraging, but cautioned that “a change for one month does not establish a new trend. We will just have to wait and see what happens next month.”
The Travis County postings include repeat postings on a number of high-profile commercial properties, according to Real Estate Foreclosures Inc. in San Antonio. They include the stalled Star Riverside condominium development on East Riverside Drive and the Avana housing development in South Austin.
The list also includes the bankrupt $192 million Hill Country Galleria in Bee Cave. A private auction was conducted for the mall. The outcome is not expected to be public until next week.
Tuesday, January 12, 2010
3606 Abbate Cir, Austin, TX | Powered by Postlets
$10,000 PRICE REDUCTION - LESS THAN 5 MI TO DT AUSTIN
3606 Abbate Cir, Austin, TX Powered by Postlets
3606 Abbate Cir, Austin, TX Powered by Postlets
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