Austin, Texas Earns Title of the South’s Small-Business Champion
Austin boasts the healthiest small-business climate in the South for the third year in a row in On Numbers annual rankings of regional markets, which bodes well for continued strength in the Austin real estate market.
Austin, TX (PRWEB) May 23, 2012
For the third year in a row, Austin has held its title as the South’s small-business champion. Rankings from On Numbers show the city with the healthiest small-business climate out of 37 Southern markets. This is good news for anyone planning to start a new Austin home search or to settle into an Austin luxury home, as a healthy market economy reflects on to the housing market.
“Austin always has been driven by creativity and entrepreneurship,” said Regent Property Group founder Brian Talley, “so it´s not surprising that we rank #1 in the success of small businesses. Buying local is a way of life here, and that support of business owners is given back in terms of home value.”
On Numbers bases its rankings on a six-part formula that analyzes factors like population growth, employment gains or losses, and local concentrations of small businesses (a private company with fewer than 99 employees). Austin is ranked first in the region because of its strong growth in population (18.1% in five years, and predicted by Forbes to grow 6% per year, another positive note for Austin realtors), private-sector jobs (6.3% in half a decade) and small businesses (.4% during the past year). Only three of the 37 Southern markets posted one-year gains in the past year, so even small growth is notable following the recession.
As a result of many of these factors, Austin has experienced a quickening real estate market this spring, with less inventory, faster sales, and rising lease rates. Forbes also recently named Austin the fastest growing city in the U.S. for the second year in a row, indicating that the Austin housing market can anticipate continued downward pressure on housing supply and upward pressure on prices and rent in entry level neighborhoods and luxury home communities.
About Regent Property Group:
Brian Talley is the founder and owner of Regent Property Group. He is a 5th generation Texan who has been active in Austin real estate since 1998. During 2011, Brian was the #11 top selling agent for total dollar volume sold out of over 5,000 REALTORS® in the greater Austin area. During 2008, 2009, 2010, and 2011 Brian was a top producer, closing multi-million dollars’ worth of residential Austin real estate purchase and sales transactions for homes located all over the greater Austin area, such as Lake Austin, Eanes ISD, Westlake, downtown, and more. He formed Regent Property Group to serve the needs of Austin´s residential real estate clients, helping people buy and sell luxury homes in the greater Austin area. Contact Regent Property Group today at 512-554-9714.
For the original version on PRWeb visit: http://www.prweb.com/releases/prwebRegentPropertyGroup/AustinSmallBusiness/prweb9535752.htm