Recession Recovery - Austin TX has the Best Retail Growth in the U.S.! That's right! According to a new ranking put out yesterday by Pitney Bowes Business Insight, "Austin is the most likely city to experience retail growth for the rest of 2009 and into 2010."
This helps the area in many different ways, the biggest I think is consumer confidence. If the consumers are more confident, they'll spend more. If they spend more, sales go up, companies hire more people, unemployment goes down... It's a chain reaction.
According to Pitney Bowes, the data includes sales from all different forms including high-end, mid-tier, and "value" retail sectors which I would assume means Walmarts and Targets. Drug Stores like Walgreens are also included.
Does Austin stand alone in Texas? Of course not! Texas has shown time and time again that they are weathering the recession much better than everyone else. Austin is ranked number one, but Houston is ranked third, Dallas is ranked fourth, and San Antonio is ranked fifth!
I think Texas is dominating again, and if you need a fresh start, relocation to the area is steady and new-comers are always welcomed! Call me today to see how I can help you!
**Are You Packed Yet?**
Donna Harris, REALTOR®
RE/MAX Austin Skyline
www.DonnaHomes.com
Donna@DonnaHomes.com
Austin TX Real Estate and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way.
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** #1 Agent in my Office for all of 2008 **
Copyright© 2009 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* Recession Recovery - Austin TX - Best Retail Growth by Pitney Bowes * was first published on donnahomesblog.com
Boy Donna, that is some positive views from Pitney Bowes!
Your friend in Cold Washington State,
Paul
Donna!!! We are #4!!!! Go Dallas...Have a great week.
na ---- what great news for the state of Texas -- you are right, this will build consumer confidence.
Happy Holidays
Curious to know who was number 2. Please tell.
James, Here ys go:
1. Austin, TX
2. Baltimore, MD
3. Houston, TX
4. Dallas, TX
5. San Antonio, TX
6. Washington, DC
7. Seattle, WA
8. Kansas City, MO-KS
9. Providence, RI
10. Columbus, OH
Paul, It sure is!
Pat, Yeah!
Liz, Shop shop shop!
Donna,
Good news for Austin and the rest of Texas. Consumer confidence has taken a beating recently and needs to improve to get a solid recovery underway. You seem to head in the right direction already.
Donna
I am curious. We had a discussion about Austin today in my office and were wondering what is driving it alL ?
Donna
That's great news.
Good luck and success.
Lou Ludwig
Esko, It's always good to head in the right direction early!
Trey, Lots of companies have moved their offices here, which brings jobs.
Lou, Thanks, I did the survey myself!! j/k
That is positive information to share with your readers. Go Texas!