Texas Leads U.S. in High-Growth Cities

By
Real Estate Broker/Owner Texas License #590301

Great headline to read on a cold, winter day here in Northeast Texas.  The stock market hasn't done well during the month of January 2010, but this news is definitely a BRIGHT SPOT.

Texas Flag

The article by Venessa Wong, BusinessWeek (Jan 29th, 2010) highlights the results of recent data from the Little Rock, Arkansas based firm, Gadberry Group.

"Texas came out on top of Gadberry's survey, with four high-growth cities: Atascocita, Katy, Mansfield, and Wylie. The report only included areas larger than 10,000 occupied households that met requirements for growth rate, household income, length of residence, and other factors."

The article explains that Texas has had strong housing and job markets during the past10 years. In December 2009, the unemployment rate in Texas was only 8.3% (compared to 10% US as a whole),  SOURCE: Bureau of Labor Statistics.

And what do you know...the sun just started shining here on my little horse farm in Texas!

Comments (4)

Ron Tarvin
Residential, Investment properties, rehab projects, property management, luxury homes, new construction! - Katy, TX
Broker, Katy, Houston, Cypress 77450,77494,77095

I'm from Katy and I have to agree...we've not had it too bad around here.  A slight slowdown in 2009 but looks like it's back to business as usual in 2010.

This year's governors race is certainly going to be interesting.  We watched the debates the other night and I thought the candidates would have came out:

1. Medina 2. Perry 3. Hutchison    This next election could be very interesting for Texas as Medina has a plan to eliminate property taxes in favor of a consumption tax.  Texas has always been a leader when it comes to funding the state government in creative ways and this could prove VERY interesting if it indeed works!

 

Jan 31, 2010 04:26 AM
Larry Lawfer
YourStories Realty Group powered by Castles Unlimited® - Newton, MA
"I listen for a living." It's all about you.

I read this same article along with a variety of other sources.  It seems the statistics are all over the place, but with each study Texas comes out on top. That is great for we Texas professionals.  I do think the unemployment statistics are always a bit off, but certainly now.  Statistically they stop counting people who are out of work for longer than 6 months.  This economic debacle has gone on far longer than that and many people have been out of work longer than the 6 months they count those people.  We are blessed here in Texas with so much and we are right to be grateful on a Sunday.  Thanks for your post

Jan 31, 2010 04:28 AM
Donna Harris
Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator

It's always something different, but it's always the same!  Texas continues to lead the way on another survey. 

Jan 31, 2010 10:19 AM
Barbara Birinyi
Quitman, TX
TX Real Estate Broker - Horse Property Specialist

Ron:  I'm a big "get out &vote" mouthpiece.  Blogged on it just the other day.  I like your tag line, Luxury Homes for Sale, Family Homes Too.

Larry:  I agree, we always need to take the statistics with "a grain of salt." 

Donna:  Yep, Texas continues to prosper.  I've been here for 10 years now...used to be a Yankee, but not anymore! 

Happy 2010 to you all.

Feb 01, 2010 10:28 AM