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You are here: Home / News / Strong Job Growth will Help Austin Real Estate Market
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Strong Job Growth will Help Austin Real Estate Market

towers staff October 29, 2010 Comment

Job growth is a requirement for real estate appreciation in a normal market. While this still isn't a normal market, the latest Central Texas employment numbers provide hope that normalcy may someday return.According to the Texas Workforce Commission, the Austin-San Marcos-Round Rock metropolitan area added 17,300 jobs over the last 12 month period. This 2.3 percent increase dropped the unemployment rate from 7.2% in August to 6.8% in September. In comparison, the national unemployment rate is still 9.2% and the Texas unemployment rate is 7.9%.According to the Austin American . . .

 

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