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Austin is used to being named to nationwide lists as a great city to live. A Forbes columnist has placed Austin among the 10 up-and-coming global cities as the best incubators for entrepreneurs.

“The capital of Texas has been buzzing for a few years now … Big events like South by Southwest and the Film + Interactive Festival have fueled creativity and start-up activity,” the article by Patrick Hull said in its praise of Austin.

Austin is among three U.S. cities mentioned as new global entrepreneur hotspots, including Richmond, Va., and Raleigh/Durham, N.C.

As for the other entrepreneur engineds, Forbes mentions two cities are in South America, two in the Far East and two others, surprisingly, in former East Bloc countries: Moscow and Kiev, Ukraine. Sydney, Australia rounds out the list.

The University of Texas at Austin recently made a list of the best schools for entrepreneurs.

In an exclusive article for subscribers, Austin Business Journal recently published a report on how a number of business incubators are becoming the engine for entrepreneurial growth in the region. Not a subscriber? Follow this link to sign up for four free issues of ABJ.

Orginal Article By: Greg Barr with Austin Bussiness Journal

 

Compliments of: Martha Small | Austin Portfolio Real Estate | 512.587.0308

 

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Austin’s re-sale housing market continues to grow at a robust pace based on the latest data released Thursday by the Austin Board of Realtors.

Some 3,082 homes sold in August, 30 percent more than a year ago and more than double of what was sold in August 2010 — while median home prices also increased.

Still, it was slightly less than how many sold in July, which posted 3,135 sales.

Here are some other highlights of the August report:

• The median price of a single family home was $224,000, 6 percent more than August 2012.

• Single family homes remained on the market an average of 43 days, 19 days fewer than last year.

• There were 6,075 single family home listings on the market, 16 percent less than last year.

• There were 2,399 pending sales of single family homes, 9 percent more than last year.

• There were 2.8 months of inventory available, 1.2 months less than last year.

• The total volume of homes sold was $883.1 million, 36 percent more than last year.

• 361 townhouses and condos were sold in August, 32 percent more than last year.

• The median price of a townhouse or condo was $193,700, 14 percent more than last year.

• Townhouses and condos remained on the market an average 40 days, 37 percent less than last year.

• There were 2,149 properties leased in August, 10 percent more than last year.

• The median price of a leased property was $1,400 a month, 4 percent more than last year.

Orginal Article by: Jan Buchhloz

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Compliments of: Martha Small | Austin Portfolio Real Estate | 512.587.0308

 

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