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About Austin, TX

"Live Music Capital of the World"

Austin, TexasNestled along the rolling hills and lakes of Central Texas, Austin serves as the the capital of Texas. This great city has many things to offer from it's educational facilities and world-renowned entertainment complexes offering live music, the arts, culture and outdoor adventure. Austin's population of 1.4 million people are considered to consist of a highly trained workforce in areas of technology, manufacturing and research. Companies flock to the area for Austin's excellent quality of life, moderate cost of living and vast resources and the laid-back lifestyle. Austin is hip and trendy, yet in a vintage sort of way. It's high-tech and laid-back. It's politically charged and culturally rich. It's eclectic by nature and creative by design. Most of all, it's a place where people like to have a good time

Austin Kudos:

  • Travel & Leisure, "America’s 25 Favorite Cities"
  • USA Today, Austin-Bergstrom International Airport lands on the "10 great places to hang out during a layover"
  • America's 5 "Best Mountain Biking Towns"
  • USA Today, "Ten Great Places to Run Away from Home"
  • Cities to Go, "Best City in U.S. and Canada to Pretend You're 20 Again:
  • Corporate & Incentive Travel, "Sixth Most Popular Destination for Corporate Meetings"
  • USA Today, "Ten Great Places to Find Splendor in the Grass"
  • Moody's Economy.com "Best Place for Business in US"

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Austin is the Best Place for Business in the U.S.

Austin is the best place for business in the U.S., according to Moody's Economy.com Inc. Moody's, an independent economic research firm, reported that the Austin -Round Rock Metropolitan Statistical Area (MSA) earned the top spot over almost 400 metropolitan areas tracked by the company's economic vitality index. In the last index, published in March 2007, Austin -Round Rock MSA ranked seventh.

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Austin Accolades

  • Austin ranks as the 4th Best City in Overall Standard of Living by Expansion Management, June 2006
  • CNN.Money.com, "Austin ranks 2nd among the Top 10 Best Big Cities in the Country" - 2006
  • Austin ranks as the 3rd Smartest City in the country by Bizjournals.com, June 2006
  • Austin ranks in the Top 5 “Smart Places to Live” by Kiplinger’s Personal Finance and the Austin Business Journal, June 2006
  • Austin ranked 28th in Best Places for Business and Careers by Forbes, May 2006
  • Austin ranks 2nd in the 50 Best Places to Live by Men's Journal, March 2006
  • Austin ranks 6th in the Top 10 Cities for Walking by Prevention magazine, August 2006
  • Austin ranks as the Best Place to Live in America for Hispanics by Hispanic magazine for the second year in a row, August 2005
  • Austin ranks as the 2nd Best Place to Live for Movie makers by Moviemaker Magazine, December 2005
  • Austin ranks 3rd Best Wireless Place to Live in America by Livescience.com, June 2005
  • Austin ranks 2nd among the 10 Best Places to Live, judging on financial, educational and quality of life criteria by Money magazine, July 2006
  • Austin was included in the 8 Cheapest Places You'd Want to Live survey by Sperling's BestPlaces.com and msn.com, July 2006
  • Austin ranks 2nd among the 50 Best Places to Live comparing the combinations of adventure, attractiveness, and affordability by Men’s Journal, April 2006
  • Austin was voted the Best Place to Live for Future Business Locations by Expansion Magazine, August 2006
  • Austin ranks 9th in the Top 10 Hot Cities for Entrepreneurs by Entrepreneur.com, September 2005
  • According to DogFancy Austin is one of the Top 10 Cities to Be a Dog, November 2005
  • Austin ranks 8th of America's Cleanest Cities by Reader's Digest, July 2005
  • Austin ranks 10th in the Top 10 Healthiest Cities in America by Sperling's, July 2006
  • Austin ranks 11th in the 25 Best Running Cities in America poll by Runners World, July 2005
  • Austin makes the cut as one of 50 Fabulous Gay-Friendly Places to Live by Gregory A. Kompes, December 2005
  • Austin ranks 2nd on Vegetarian Times' Ten Greenest Cities list, July/August 2005
  • Pollstar names Austin City Limits Music Festival the 'Festival of the Year' during it's annual Concert Industry Awards, February 2006
  • American Way magazine features 'The Top 10 Lists of Great American Music' and Austin appears on three of the lists including 'great music towns,' 'great bigger-is-better music festivals' for the Austin City Limits Music Festival and 'sacred ground' for Threadgill's restaurant, June 2005
  • Austin ranks 6th in a study by Silicon Valley naming the nation's Top Tech Hubs. The study compared business and quality-of-life issues, claiming Austin has affordable housing, electricity and state taxes, September 2005
  • Austin is among the Coolest Cities for Young Professionals according to Kiplinger.com, September 2005
  • Austin ranks 1st among U.S. cities in the fourth annual Mayors Challenge rankings of the Best Cities for Future Business Locations by Management magazine
  • Each year, Intel ranks the Top 100 U.S. Cities and Regions with the Greatest Number of Commercial and Public Wireless Internet Access Points and Austin ranks third, October 2006
  • Austin ranks 3rd in a list of America's Most Innovative Cities by the Wall Street Journal

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Austin Large Businesses

What They Are Saying About Austin

Austin again makes Men's Journal's list of '50 Best Places to Live'- this time at number 35. The city also received the 'Best Nightlife' accolade, beating out New York City; was third on the city with the 'Best Women'; fourth 'Fastest Growing Cities' and fifth 'Smartest' city.
Men's Journal, 4/06

American Style magazine chooses Austin eighth as a 'Top 25 US Arts Destination'.
American Style, 6/06

Austin-based companies, Whole Foods Market (ranked 30) and National Instruments (ranked 40) make Fortune magazine's list of '100 Best Companies to Work For.'
Fortune, 1/05

Austin came in sixth in a study by Silicon Valley naming the nation's top tech hubs. The study compared business and quality-of-life issues, claiming Austin has affordable housing electricity and state taxes.
Silicon Valley, 9/05

The Austin area ranked third on Forbes magazine's 'Best Places' for business and careers, giving the Capital City high marks for education attainment, net migration to the area and the cost of doing business in the region.
Forbes, 5/05

Austin again makes an appearance on Forbes magazine's 'The Top 10 Places for Business' - this time ranking third.
Forbes, 5/04

Visa USA Inc.'s 2004 'Innovation Index' names Austin first on the 'Top 10 Places Where Ideas Happen'.
Visa USA Inc., 2004

According to Dog Fancy, Austin is one of the top 10 cities to be a dog.
Dog Fancy, 11/06

Each year, Intel ranks the top 100 U.S. Cities and regions with the greatest number of commercial and public wireless Internet access points and Austin ranks third.
Intel, 10/05

Austin earns the number two spot on Vegetarian Times' 'Ten Greenest Cities' list.
Vegetarian Times, 7/06, 9/06

Austin is number one for the second consecutive year on Hispanic magazine's, 'Top 10 Cities for Hispanics to Live In' list.
Hispanic, 8/06

Runner's World names Austin11th of the '25 Best Running Cities in America'. (July 2005) and 'the Coolest Host City' for the annual Motorola Marathon.
Runner's World, 1/04

The American Hiking Society named the Barton Creek Greenbelt number two on its 'top 10 walking trails'. Each of the trails named can be completed in 60 to 90 minutes and are within 10 to 15 miles of a major metro area.
American Hiking Society, 5/05

The city proves it's a world-class destination for 'fat-tire fun', when Men's Journal makes Austin's trails #2 on its list of 'The Ten Best Fall Mountain Bike Rides'.
Men's Journal

Austin ranks eighth of 'America's CLeanest Cities,' according to Reader's Digest.
Reader's Digest, 7/05

MovieMaker magazine names Austin as number two in its 'Top 10 Cities for MovieMakers,' an annual ranking of the 'best cities for independents to live and make movies.' The Capital City has appeared on this notable list for five consecutive years.
MovieMaker, Winter, 2004

Austin ranks Highest in Home buyer Satisfaction. Customer satisfaction is based on 10 factors, including warranty and customer services, home readiness, sales staff, construction manager, quality of workmanship and materials, price and value, physical design elements, builder's design center, recreational facilities, and location.
J.D. Power and Associates survey, 9/05

For the third straight year, Austin ranks in the top three places among the 150 metro area ranked by Forbes magazine on such criteria as Business Costs, Living Costs, Number of Engineers, Crime Rates, Job Growth, and Employment Rates.
Forbes, 5/05

Austin ranked #2 Large Market for Families to Relocate. Among criteria considered were cost of living, taxes, home costs/appreciation, schools, climate, commute times, out-of-state tuition rules at local universities, and regulation of long-term care facilities. Only Washington D.C. rated higher than Austin.
www.erc.org 5/05

Austin comes in #6 in Sustainable US Cities Rating. SustainLane.com based its sustainability ratings on a survey of 25 cities in 12 major categories. Among t items examined were clean air, clean water, local foods, and city revitalization employing green building techniques as well as ways cities were addressing such global issues as climate change, loss of bio diversity and environmental toxins.
www.sustainlane.com, 6/05

Kiplinger's Your Money named Austin one of 'seven locations that are perfect for young professionals'. These cities all have a healthy head count of people under 30 and a solid or improving job market.
Your Money, 10/05

Manpower ranked Austin #10 in its Four Quarter 2005 Employment Outlook Survey. The recruiting company's survey of employers showed that 41 percent of Austin area companies planned to hire more employees and none expected to reduce their payrolls.
www.manpower.com, 9/05

Yahoo HotJobs Lists Austin in Top Ten cities for work-life balance. The online recruiter compiled its list using its own research and data from the U.S. Census Bureau and the U.S. Bureau of Labor and Statistics comparing population growth, cost of living, access to medical care, average commute times, and availability of recreational activities.
YahooInc.HotJobs, 10/05

According to Forbes magazine, only Virginia is a better place to conduct business than Texas. The Lone Star State was rated among the best in population growth, transportation, tort climate and cost of living. It also has the largest number of companies with $1 billion in sales.
Forbes 08/06

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Austin Nature Scene

Austin considers itself to be the "gateway to the hill country" with many natural parks, lush landscape, and water throughout. The focus of outdoor activity in Austin centers on the Townlake area which sets along the western edge of the city, separating the flat prairies from the rolling hills. Three lakes surround the city, with Town Lake bisecting downtown. Some 10 miles of hike-and-bike trails border the lake.

Austin Top 10 Lists

10 BEST BIG CITIES

CNN Money.com

1. Colorado Springs, CO
2. Austin, TX
3. Mesa, AZ
4. Raleigh, NC
5. San Diego, CA
6. Virginia Beach, VA
7. Omaha, NE
8. Columbus, OH
9. Wichita, KS
10. New York, NY

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50 SMART PLACES TO LIVE

Kiplinger.com

1. Nashville, TN
2. Minneapolis-St. Paul, MN
3. Albuquerque, NM
4. Atlanta, GA
5. Austin, TX
6. Kansas City
7. Asheville, NC
8. Ithaca, NY
9. Pittsburgh, PA
10. Iowa City, IA

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TOP 50 SMARTEST CITIES

Austin Business Journal

1. Seattle, WA
2. San Francisco, CA
3. Austin, TX
4. Colorado Springs, CO
5. Minneapolis, MN

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TOP 10 CITIES FOR WALKING

Prevention Magazine

1. Portland, OR
2. Colorado Springs, CO
3. Madison, WI
4. Boise CIty, ID
5. Las Vegas, NV
6. Austin, TX
7. Virginia Beach, NC
8. Anchorage, AK
9. Fremont, CA
10. Raleigh, NC

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TOP 10 CITIES FOR MOVIEMAKERS

MovieMaker Magazine

1. New York, NY
2. Austin, TX
3. Philadelphia, PA
4. New Orleans, LA
5. Portland, OR
6. Chicago, IL
7. Los Angeles, CA
8. Miami, FL
9. Baltimore, MD
10. Orlando, FL

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THE 50 CLEANEST CITIES IN AMERICA

Readers Digest

1. Portland, OR
2. San Jose, CA
3. Buffalo, NY
4. Columbus, OH
5. San Francisco, CA
6. Denver CO
7. Rochester, NY
8. Austin, TX
9. Orlando, FL
10. San Diego, CA

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TOP 10 HEALTHIEST CITIES IN AMERICA

Sperling's

1. San Jose, CA
2. Washington, DC
3. San Francisco, CA
4. Seattle-Bellvue, CA
5. Salt Lake CIty, UT
6. Oakland, CA
7. Sacramento, CA
8. Orange County, CA
9. Denver, CO
10. Austin, TX

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TOP 10 WIRELESS CITIES

LiveScience.com

1. Seattle-Bellvuew-Everett-Tacoma, WA
2. San Francisco-San Jose-Oakland, CA
3. Austin, TX
4. Portland, OR & Vancouver, WA
5. Toledo, OH
6. Atlanta, GA
7. Denver, CO
8. Raleigh-Durham, NC
9. Minneapolis-St. Paul, MN
10. Orange County, CA

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TOP 10 HOT CITIES FOR ENTREPRENEURS

Entrepreneur.com

1. Phoenix-Mesa, AZ
2. Charlotte-Gastonia-Rock Hill, NC-SC
3. Raleigh-Durham-Chapel Hill, NC
4. Las Vegas, NV-AZ
5. Indianapolis, IN
6. Washington-Baltimore, DC-MD-VA-WV
7. Atlanta, GA
8. Nashville, TN
9. Austin-San Marcos, TX
10. Memphis, TN-AR-MS

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TOP 10 METROS FOR FUTURE BUSINESS

Expansion Magazine

1. Austin-Round Rock, TX
2. Minneapolis-St. Paul-Bloomington, MN-WIS
3. Raleigh-Cary, NC
4. Dallas-Fort Worth-Arlington, TX
5. Houston-Baytown-Sugar Land, TX
6. Washington-Arlington-Alexandria, DC-VA-WVA
7. Madison, WIS
8. Seattle-Tacoma-Bellevue, WA
9. Pittsburgh, PA
10. Phoenix-Mesa-Scottsdale, AZ

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Austin '5 Best Places to Sell a Home

Home sales are in a slump, but not everywhere. These five cities, because of lack of room to overbuild or a population influx, are still seller's markets.

By Matt Woolsey, Forbes.com

Forbes.com slide show: Top seller's markets Housing crunch makes moving workers rough Don't let your yard sabotage home sale If you've got property for sale, chances are you're in a bind:
Nationwide, prices for existing homes keep falling, and new homes started a few years ago continue to come on the market, increasing inventory.

On top of that, the fallout from subprime lending, the subsequent tightening of credit and lending standards and the recent rise in long-term Treasury yields have shrunk the pool of eligible buyers.

Yet, not every market follows national trends, and despite the industry's overall problems, there are still cities where sellers have the upper hand. The best way to judge a buyer's versus a seller's market is a simple supply-demand analysis of housing
stock: At the current rate of sales, how long would it take to sell off the inventory of single-family homes or condos? If that measure comes back high, houses sit on the market longer. If it is low, the market is tightening, which is good news for the seller.

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The top tier

Moody's Economy.com chief economist Mark Zandi points out that the best-performing markets are those that had barriers to overproduction during the housing boom.

In the case of San Francisco, which ranked second on our list, it's an issue of geography: There is little space for growth or new development, and the local government doesn't do much to encourage new construction.

Strong in-migration stemming from local economic strength is another factor keeping demand high. New houses being built isn't a problem if new people are moving to town.

This scenario is playing out in Raleigh, N.C., the No. 1 city on our list. Moderate growth and disciplined building over the past five years prevented the market from developing a significant glut. Additionally, a strong local economy has helped contribute to the city's healthy 1.6% vacancy rate.

What's more, the rate of home sales against home inventory was healthy in Raleigh; in this category, it ranked fifth best of big cities, according to Moody's metrics. Even though the market has low vacancy to begin with and displayed strong construction restraint during the housing boom, Raleigh still has the eighth-best rate of tightening.

Similarly, strong in-migration and local economic pop make Austin, Texas, a seller's market. It finished fourth overall in sales rate to inventory size and has the fifth-best home-price appreciation figures of the large markets Moody's measured. Its mediocre 14th-best market-tightening ranking can be attributed, in large part, to its small inventory excess. Austin's vacancy rate is 1.5%, which is also where the national average stood during the most recent housing boom. In other words, that low a vacancy rate indicates a housing market at close to full capacity.

While the market isn't going gangbusters for investment, sellers in these markets are faring much better than their counterparts across the country.

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Top cities for home sellers:

  • Raleigh, N.C.
  • San Francisco
  • Austin, Texas
  • San Antonio
  • St. Louis

 

Website: www.Forbes.com

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Keller Williams Realty
Austin Real Estate Leaders
1927 Lohman's Crossing #102
Austin, Texas 78734
Fax: 512-263-0109
"Charm is deceptive and beauty does not last,
but a woman who fears the lord,
will be greatly praised."
~Proverbs 31:30

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