Austin housing market sales increase 20 percent in first quarter of 2012
An improving economy could help you choose your dream property among many homes for sale in Austin. Research indicates home sales in Central Texas have increased 20 percent from the first quarter of 2011 to the same period in 2012, according to The Austin American-Statesman.
Local housing market analysis firm Metrostudy examined the area, and found that 6,380 homes were sold in Austin from March 2011 to March 2012. The housing market could continue to enhance the local economy, as the improving job market may lead more people to the region in the coming months.
"Metrostudy's surveys are showing more buyer traffic in new home subdivisions so far this year, and with new home inventories at their lowest levels in nearly 20 years, builders are starting more homes this spring to accommodate the increasing pace of sales," Metrostudy Austin region director Eldon Rude told the news source.
The Texas Workforce Commission (TWC) reports the city continues to add new jobs to its economy, and features a growth rate of 3.3 percent in February 2012, and increased its annual total to 25,8000 jobs by adding 8,900 positions.
"Texas' job growth over the past year points to a steady and sustained expansion of our state's economy," TWC Chairman Tom Pauken said. "Texas has experienced positive annual job growth for the last 22 months, and that’s because Texas continues to be a great place to work and do business."
The state's seasonally adjusted unemployment rate has fallen for six consecutive months, and has remained below the national average for more than five years.
You can pursue jobs in a variety of industries in Austin. Texas added 27,900 nonfarm jobs in February 2012, for a total of 273,900 jobs added since February 2011. Private sector employers filled 15,100 job openings in the month, totaling 331,800 positions added over the year.
Additionally, the state's manufacturing industry in Texas gained 24,400 job openings over the year, for an annual growth rate of 3 percent. Construction increased by 4,500 employees over the month, totaling 8,100 positions added since 2011.
You can find your ideal job by checking out WorkInTexas.com, a helpful resource that provides information about available positions in the Lone Star State.
"Eight of the 11 major industries in Texas added jobs in February, indicating that many different skill sets are in demand," TWC Commissioner Representing Labor Ronny Congleton said. "Job seekers can access thousands of these opportunities by registering on WorkInTexas.com."
Finding a dream job and an affordable home is possible when you check out the properties available in Austin.