Austin recently hosted the 8th Annual Certified Commercial Investment Member (CCIM) Symposium at the Four Seasons Hotel that targeted every facet of the real estate industry and delivered insights for Austin’s future growth, demographics and economy.
The Gibbs Team wanted to share with our readers some of the pertinent information that was revealed about Austin’s current condition by the three featured speakers: Dr. Mark G. Dotzour, Mark Strama, and Brian Kelsey.
Interesting facts and figures included:
Austin grew 47% in Gross Domestic Product (GDP) from 2001-2012. The GDP is the total value of all final goods and services produced within that economy during a specified period.
Austin is No. 1 in job growth and is up 23% from 2001-2012.
Austin nets 150 people moving to our city on a daily basis.
Travis County has gained 9,000 people per year since 2006.
Travis County income per capita is not as high as expected based on the GDP growth rate. It is just above national average.
Two-thirds of all jobs being created in Austin require a post-secondary degree. 54% of the total population has NO post-secondary degree.
Relocation of employers has added 3% of new jobs.
The #2 economic challenge in Texas is currently the lack of homes available.
Household net worth is increasing.
Household debt service payments as a percentage are at the lowest level since 1980.
Overall, Austin’s outlook appears healthy. However, no matter what the numbers come out to be, Austin continues to be a great place to call home! The area, the people and our eclectic culture makes Austin one of the most sought after places to live and for good reason. The city and surrounding communities are amazing!
Come find out for yourselves! Call Mary Lynne Gibbs and the Gibbs Team at 512.431.2304 or firstname.lastname@example.org if you or someone you know is looking to buy or sell real estate!
It would be an honor to earn your business.