Sep 09

Austin companies BancVue and Adlucent are among the fastest growing companies in the nation, according to the latest list from Inc. magazine.

The Inc. 500 rankings released Wednesday are based on revenue growth over the three-year period from 2005 to 2008.

The rankings have banking services company BancVue as the 23rd fastest-growing private company with revenue of $21.9 million in 2008, up 4,000 percent from 2005. Also among the top 100 fastest growers is online advertising and marketing company Adlucent, which increased revenue 1,900 percent to $6.5 million over the three-year period.

Another eight local companies also made the top 500. They are listed below according to their overall rank:

115. BabyEarth: retail–$5.7 million in 2008 revenue

127. Headspring Systems: information technology services–$4.5 million

133. Genesis Today: health–$22.8 million

168. Smiley Media: advertising and marketing–$31.4 million

244. ePsoutions: software–$2.8 million

283. C.L. Carson: construction–$16.1 million

348. Zebra Imaging: business products and services–$17 million

485. New Era Portfolio: business products and services–$7 million

Click here for more on these companies from Inc.

For more on this year’s Inc. 500, including company profiles and a list of the fastest-growing companies by industry and region click here.

Jason L. Joseph-Realtor/Real Estate Agent

Direct: (512) 658-7949

Website: WWW.JASONLJOSEPH.COM

Member of:

National Association of Realtors-NAR

Texas Association of Realtors-TAR

Austin Board of Realtors-ABOR

Margie Joseph & Associates Realtors

Marjorie A. Joseph- Broker

2416 Rio Mesa Drive

Austin, Texas 78732

Fax (512) 266-3522

Jason Joseph Realtor/ Real Estate Agent and Margie Joseph & Associates Realtors are a licensed real estate firm providing brokerage services in the State of Texas visit www.trec.state.tx.us for further licensing details.  

The NATIONAL ASSOCIATION OF REALTORS® Code of Ethics provides that “REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, or national origin. REALTORS® shall not be a party to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, handicap, familial status or national origin. The Fair Housing Act declares a national policy of fair housing throughout the United States. The law makes illegal any discrimination in the sale, lease or rental of housing, or making housing otherwise unavailable, because of race, color, religion, sex, handicap, familial status, or national origin.

 

Sep 08

Construction of single-family homes rose in July for the fifth straight month, edging up almost 2 percent to the highest level since last October, the government said Tuesday. Building permits climbed nearly 6 percent.Each new home built creates about three jobs on average and generates about $90,000 in taxes paid to local and federal authorities, according to the National Association of Home Builders.

With new construction up 37 percent from its low point this winter, the industry is expected to help the overall economy this quarter for the first time in 3½ years.

“Housing is no longer a drag,” said Mark Vitner, a senior economist with Wells Fargo & Co. “That’s a good thing.”

Of course, the housing industry is mired in the worst recession since the Great Depression, and construction is still more than 70 percent from its 2006 peak, making the impact from hiring and spending on materials such as wood and concrete somewhat modest.

In addition, hammers are silent at construction sites for apartment buildings. For developers, it makes little sense to build with many vacant homes and condominiums available for rent. Apartment construction fell 13 percent from June to July.

That pulled the combined construction rate for homes and apartments down 1 percent to a seasonally adjusted annual rate of 581,000 units, from 587,000 in June. Economists polled by Thomson Reuters expected 600,000.

There are still several threats to the recovery of the U.S. housing market.

The unemployment rate, now 9.4 percent, could surpass 10 percent, leaving more homeowners unable to pay their mortgages. Interest rates are still near historic lows but could rise, making homes less affordable. Foreclosures are still at record highs.

And July was the last month that most builders could start new homes and have them ready for buyers to qualify for a new tax credit. Buyers can save 10 percent on the price of a home, up to $8,000, if they complete the purchase by the end of November.

Builders and real estate agents are pressing in Congress for that credit to be extended. If it isn’t, sales could easily slump again.

“I’m not seeing a tremendous amount of good news on the job or economic front, so I do think it’s important that the credit get extended,” said Richard Dugas Jr., CEO of Pulte Homes Inc.

On Tuesday, Pulte completed its acquisition of Centex Corp. for $1.53 billion in stock, becoming the largest homebuilder in the country.

One of the reasons for the purchase was Centex’s focus on more affordable homes.

Since the housing bubble burst, many builders have shifted to smaller houses that can be sold at lower prices to woo first-time homebuyers. The median sale price for a new home was $206,200 in June, almost $30,000 cheaper than a year earlier.

More homebuyers also means more business to retailers like the Home Depot Inc., which Tuesday posted its first annual increase in quarterly sales in five years. Better still, the retailer saw improvements in Florida and California, two of its most important — and troubled — markets.

Sales of new homes have posted monthly increases since April. The Commerce Department is due to report Tuesday on July new-home sales numbers. Sales are expected to rise roughly 2 percent, according to economists surveyed by Thomson Reuters.

Jason L. Joseph-Realtor/Real Estate Agent

Direct: (512) 658-7949

Website: WWW.JASONLJOSEPH.COM

Member of:

National Association of Realtors-NAR

Texas Association of Realtors-TAR

Austin Board of Realtors-ABOR

Margie Joseph & Associates Realtors

Marjorie A. Joseph- Broker

2416 Rio Mesa Drive

Austin, Texas 78732

Fax (512) 266-3522

Jason Joseph Realtor/ Real Estate Agent and Margie Joseph & Associates Realtors are a licensed real estate firm providing brokerage services in the State of Texas visit www.trec.state.tx.us for further licensing details.  

The NATIONAL ASSOCIATION OF REALTORS® Code of Ethics provides that “REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, or national origin. REALTORS® shall not be a party to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, handicap, familial status or national origin. The Fair Housing Act declares a national policy of fair housing throughout the United States. The law makes illegal any discrimination in the sale, lease or rental of housing, or making housing otherwise unavailable, because of race, color, religion, sex, handicap, familial status, or national origin.

Aug 24

With a population that’s more than doubled in the past 10 years, Williamson County is one of the nation’s top counties for job growth, according to a new report from CNN/Money.com.

The report ranks Williamson the 14th best county for jobs based on its 53 percent increase in employment between 2000 and 2008. CNN/Money.com cited Williamson for major employers such as the Round Rock computer giant Dell Inc. (NYSE: DELL) and the expansion of major retailers such as Wal-Mart and Sears.

“While farming remains the backbone of the fertile terrain, the health care industry is quickly sprouting roots,” the Web site said. “Three new hospitals opened in the last two years in Williamson County and a nursing school affiliated with Texas A&M is in the works.”

The rapidly expanding public school systems in Round Rock and Leander were also referenced in the report.

It should be noted that the study period ended in 2008 and regional job losses experienced in recent months are not taken into account.

The top 10 counties for job growth, according to the report, are:

  1. Pinal County, Ariz.
  2. Rockwall County, Texas
  3. Kendall County, Ill.
  4. Loudoun County, Va.
  5. Douglas County, Colo.
  6. Fort Bend County, Texas
  7. Henry County, Ga.
  8. Lake County, Fla.
  9. Matanuska-Susitna Bourugh, Alaska
  10. Union County, N.C.

Jason L. Joseph-Realtor/Real Estate Agent

Direct: (512) 658-7949

Website: WWW.JASONLJOSEPH.COM

Member of:

National Association of Realtors-NAR

Texas Association of Realtors-TAR

Austin Board of Realtors-ABOR

Margie Joseph & Associates Realtors

Marjorie A. Joseph- Broker

2416 Rio Mesa Drive

Austin, Texas 78732

Fax (512) 266-3522

Jason Joseph Realtor/ Real Estate Agent and Margie Joseph & Associates Realtors are a licensed real estate firm providing brokerage services in the State of Texas visit www.trec.state.tx.us for further licensing details.  

The NATIONAL ASSOCIATION OF REALTORS® Code of Ethics provides that “REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, or national origin. REALTORS® shall not be a party to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, handicap, familial status or national origin. The Fair Housing Act declares a national policy of fair housing throughout the United States. The law makes illegal any discrimination in the sale, lease or rental of housing, or making housing otherwise unavailable, because of race, color, religion, sex, handicap, familial status, or national origin.

Aug 12

Entrepreneur magazine’s August issue ranks Austin the tenth-best start-up city in America.

The magazine’s look at new business-friendly cities addresses issues such as government incentives, population growth, affordability of commercial rents, and openness to new ideas.

Entrepreneur calls Austin the “cross-pollinator” among the top 10 cities. The magazine cites the multiple “scenes” that shape Austin, from music to tech, and how they feed off of one another.

“Theoretically, people here are competing, but the opposite is happening,” Bijoy Goswami, founder of Bootstrap Austin told Entrepreneur. “Part of that Texas ethos has percolated into the entrepreneur scene: People in Austin just treat each other well.”

The magazine also highlighted Sweet Leaf Tea Co-founder Clayton Christopher as an example of one of Austin’s brightest business minds. “There’s a cachet attached to Austin,” Christopher said. “It’s the live-music capital of the world; it has good Texas values. Having Austin on our bottles has been a huge benefit.”

The top ten cities in order are Las Vegas, Portland, Ore., Orlando, Fla., San Diego, Phoenix, Chapel Hill, N.C., Atlanta, Madison, Wis., Youngstown, Ohio, and Austin, Texas.

Jason L. Joseph-Realtor/Real Estate Agent

Direct: (512) 658-7949

Website: WWW.JASONLJOSEPH.COM

Member of:

National Association of Realtors-NAR

Texas Association of Realtors-TAR

Austin Board of Realtors-ABOR

Margie Joseph & Associates Realtors

Marjorie A. Joseph- Broker

2416 Rio Mesa Drive

Austin, Texas 78732

Fax (512) 266-3522

Jason Joseph Realtor/ Real Estate Agent and Margie Joseph & Associates Realtors are a licensed real estate firm providing brokerage services in the State of Texas visit www.trec.state.tx.us for further licensing details.  

The NATIONAL ASSOCIATION OF REALTORS® Code of Ethics provides that “REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, or national origin. REALTORS® shall not be a party to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, handicap, familial status or national origin. The Fair Housing Act declares a national policy of fair housing throughout the United States. The law makes illegal any discrimination in the sale, lease or rental of housing, or making housing otherwise unavailable, because of race, color, religion, sex, handicap, familial status, or national origin.

 

Aug 10

It hasn’t been an easy year for New Yorkers, what with the fall of Wall Street, a media-industry shakeout and a significant decrease in consumer spending that has forced many of the city’s venerable retailers–including jeweler Fortunoff and women’s clothing chain Searle–to file for bankruptcy protection.

These financial stresses have brought a shift in priorities for singles: Living in New York City no longer requires making your first million by the age of 30, but instead means finding happiness with another person (though having achieved the former certainly can’t hurt with the latter).

With an unemployment rate of 8.2%, many of this metro area’s finest unmarried folks–who make up 28% of the overall population–are taking advantage of generous severances and enjoying the spoils of the city–including its 35,000 restaurants, 3,800 bars and 734 museums–with dates they’ve found online. The New York metro area boasts a larger number of active accounts on dating site Match.com than any other place in the country, making up 8% of the entire site’s active members.

In Depth: Best Cities For Singles 2009

Click Here For The Full List

While it’s the biggest metro included–New York should have even more active members–other large metros don’t participate nearly as much. For example, only 5% of Angelinos, who live in the second-largest metro in the country, actively use the site. (Match is based in Dallas, which ranks 17th on our list.)

It’s still not cheap to live in New York–the average cost of a one-bedroom apartment in the borough of Manhattan, for example, is $3,522– but the average entry-level salary is a lot higher too, at $35,593. (For singles making entry-level money, there are more affordable accommodations in Brooklyn and Queens, as well as across the river in New Jersey.) The average rent for a one-bedroom in Milwaukee is just $813.65, but the average starting salary is only $30,453.

Close competition with New York includes Boston, Chicago, Seattle and Washington, D.C., which round out the top five best cities for singles.

Behind the Numbers
To generate our list, we ranked 40 of the largest continental U.S. metropolitan statistical areas in seven different categories: coolness, cost of living alone, culture, job growth, online dating participation, nightlife and the ratio of singles to the entire population of the metro. Each metro was assigned a ranking of 1 to 40 in each category, based on quantitative data, and all categories were weighted equally. The ranks were then totaled to determine the final rankings. A metropolitan statistical area (MSA) is a geographic entity defined by the U.S. Office of Management and Budget for use by federal agencies in collecting, tabulating and publishing federal statistics. (For a complete explanation of the methodology, click here.)

The biggest factor in the rankings this year was an increase in online dating, not just in New York but across the entire U.S. Pepper Schwartz, Ph.D., a sociology professor at University of Washington in Seattle and the relationship expert at Perfectmatch.com, says that the Seattle-based dating site has seen a 48% increase in subscriptions year-over-year. She believes that it’s directly related to the recession.

“I don’t think that it’s an accident,” says Schwartz. “People are telling us that when things are tough, core needs are most important. And love–someone to share your life with–is a core need.”

Of course, not every single is looking to settle down. But that’s why our top cities offer a little bit of everything for every kind of person. Washington, D.C., for example, has one of the lowest unemployment rates in the country–6.2%, compared with a national average of 9.1%–so this metro area is a promising spot for those who are single as well as ambitious. Boston, on the other hand, is ideal for those unsure about their future prospects. Home to over 40 colleges and universities, those seeking graduate degrees find plenty of like-minded peers around them.

If you liked this story, read:

Best Places To Begin A Career

America’s 100 Cheapest Places To Live

Best Downtowns For Empty-Nesters

Farther down on the list, spots like Austin, Texas, and Portland, Ore., prove to be up-and-coming singles capitals. From March’s annual South by Southwest music, film and media festival to the city’s ever-growing creative community of artists, musicians and designers, Austin ranks high on the coolness scale. It also gets points for job growth; the number of jobs in the city will increase by 17.5% over the next five years, according to New York-based research firm Moodys’ Economy.com. And while Portland is pricey–a one-bedroom apartment rents for $1,124 on average, and the entry-level salary is below the national average–the city’s indie music and arts scenes, as well as its myriad bars and clubs, are all positives.

But wherever you live, even if it’s Jacksonville, Fla., which falls dead last on our list, there’s a community of singles making the best of that particular place. Whether that means embracing the great outdoors around Denver or buying the next round of tequila shots in nightlife-oriented Virginia Beach, there are plenty of other like-minded people on the prowl.

And right now, the easiest place to find them is online.

Jason L. Joseph-Realtor/Real Estate Agent

Direct: (512) 658-7949

Website: WWW.JASONLJOSEPH.COM

Member of:

National Association of Realtors-NAR

Texas Association of Realtors-TAR

Austin Board of Realtors-ABOR

Margie Joseph & Associates Realtors

Marjorie A. Joseph- Broker

2416 Rio Mesa Drive

Austin, Texas 78732

Fax (512) 266-3522

Jason Joseph Realtor/ Real Estate Agent and Margie Joseph & Associates Realtors are a licensed real estate firm providing brokerage services in the State of Texas visit www.trec.state.tx.us for further licensing details.  

The NATIONAL ASSOCIATION OF REALTORS® Code of Ethics provides that “REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, or national origin. REALTORS® shall not be a party to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, handicap, familial status or national origin. The Fair Housing Act declares a national policy of fair housing throughout the United States. The law makes illegal any discrimination in the sale, lease or rental of housing, or making housing otherwise unavailable, because of race, color, religion, sex, handicap, familial status, or national origin.

 

Jul 30

From now until the end of 2010, the Austin economy is projected to grow by $5 billion. That, coupled with relatively subdued unemployment, has the Texas Capital poised for the quickest economic rebound in the nation, according to Forbes.com.

Overall, many economists expect the national economy to return to growth later in 2009, perhaps as soon as this summer. But, as the Forbes writers point out, that won’t be the case everywhere. While some cities are positioned for a quick rebound, others face a slow crawl to recovery that could take years.

Texas cities such as Austin, San Antonio, Dallas and McAllen are in a good position, Forbes’ analysis found. That’s due in part to the fact that Texas did not see the massive real estate bubble that formed in states like California, Nevada and Florida.

To determine the 10 cities that look best poised for recovery, Forbes examined estimates from data provider Moody’s Economy.com of the projected gross domestic product of metropolitan areas across the U.S., as well as unemployment figures from the Bureau of Labor Statistics and home prices, incomes and affordability data from the National Association of Home Builders.

The analysis shows the importance of a city’s economic make-up. In essence, the more diverse the industry base is in a particular city, the better off that city is when it comes to quick recovery.

The top five cities for recovery, in order, are Austin; Fayetteville, Ark.; Boulder, Colo.; Huntsville, Ala.; and San Antonio.

Jason L. Joseph-Realtor/Real Estate Agent

Direct: (512) 658-7949

Website: WWW.JASONLJOSEPH.COM

Member of:

National Association of Realtors-NAR

Texas Association of Realtors-TAR

Austin Board of Realtors-ABOR

Margie Joseph & Associates Realtors

Marjorie A. Joseph- Broker

2416 Rio Mesa Drive

Austin, Texas 78732

Fax (512) 266-3522

Jason Joseph Realtor/ Real Estate Agent and Margie Joseph & Associates Realtors are a licensed real estate firm providing brokerage services in the State of Texas visit www.trec.state.tx.us for further licensing details.  

The NATIONAL ASSOCIATION OF REALTORS® Code of Ethics provides that “REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, or national origin. REALTORS® shall not be a party to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, handicap, familial status or national origin. The Fair Housing Act declares a national policy of fair housing throughout the United States. The law makes illegal any discrimination in the sale, lease or rental of housing, or making housing otherwise unavailable, because of race, color, religion, sex, handicap, familial status, or national origin.

 

Jul 16

Professionals looking to get ahead are relocating to these burgeoning areas.

In the early 1980s, Mark Remson, then a recent graduate of Humboldt State College, couldn’t find work in his major of forestry management. Newly married, Remson and his wife Sandi turned to Silicon Valley, then brimming with jobs. He landed one with Advanced Micro Devices ( AMD - news - people ), a semiconductor company that was developing a production technology called computer-aided manufacturing, or CAM. He learned semiconductor assembly and fabrication and to write and manage the software.

“And that,” Remson says, “is what I’ve been doing since.”

For nearly 30 years, Remson has been running CAM systems for semiconductor plants across the globe. From Sunnyvale, he and Sandi moved to St. Louis, where daughter Laura was born; to San Antonio, where they had Brian; to Phoenix, where Kerry was born; to Austin, Texas; to Aizu-Wakamatsu, Japan. Then it was back to Austin before taking off for Singapore, New Delhi, Frisco, Texas, and, in August 2007, to Geneva, Switzerland, where Mark is a senior director at STMicroelectronics ( STM - news - people ), one of the world’s biggest semiconductor companies. In June, the company bailed out of its 1,000-employee plant in Carrollton, Texas, where Mark had his office, and asked him to start packing for another stint in Singapore.

The children call themselves “third-culture kids,” meaning they’re from everywhere and nowhere. And they, like their parents, are not alone.

In Depth: America’s 25 Best Places To Move

Now in their early 50s, the Remsons are corporate serial movers–”Relos,” they call themselves. Relos are relocated every few years for jobs with IBM ( IBM - news - people ), General Electric ( GE - news - people ), ITT ( ITT - news - people ) and Hewlett-Packard ( HPQ - news - people ), Advanced Micro Devices ( AMD - news - people ), Intel ( INTC - news - people ), Microsoft ( MSFT - news - people ), Cisco ( CSCO - news - people ), Procter & Gamble ( PG - news - people ), Coca-Cola ( KO - news - people ), American Express ( AXP - news - people ), UPS ( UPS - news - people ), Marriott International ( MAR - news - people ) and Hilton Hotels ( HLT - news - people ), Johnson & Johnson ( JNJ - news - people ), Pfizer ( PFE - news - people ), Siemens ( SI - news - people ), Royal Dutch Shell ( RDSA - news - people ), Sony ( SNE - news - people ) and Toyota ( TM - news - people ).

At most of those companies, periodic relocation has become a well-worn track to the executive suite. Twelve of Coca-Cola’s top 19 officers and 27 of Caterpillar’s ( CAT - news - people ) 31 have been moved three or more times. W. Frederick Henderson, CEO of General Motors ( GMGMQ.PK - news - people ), has moved nine. His predecessor, Rick Wagoner moved eight. To get ahead at GE, UPS, ExxonMobil ( XOM - news - people ) and P&G, executive relocation is all but mandatory.

Between moves, Relos roost in “Relovilles” that cater largely to them–young, mid- and upscale suburbs near their companies’ plants and office parks outside Dallas, Houston, Atlanta, Denver, Raleigh, Charlotte, Chicago, Washington, Indianapolis or Minneapolis. Today, Alpharetta, Ga., Huntersville, N.C., Apex, N.C., Parker, Col., and Castle Rock, Col. are among the country’s top “relovilles.”

Behind the Numbers
To locate “Relovilles” with populations of 25,000 and over, we used data from 2000 to 2007 Census records. We looked for the number of people in each town who were born out of state or abroad, who had moved to town from a considerable distance within one and five years, and who had moved for a job. These factors were weighted more heavily than others that were also considered, such as Census data for population growth, family incomes, people in executive and professional jobs, and the price, size and age of homes, along with reports of moving van companies, changes in school enrollments, the proximity of multinational companies, and the observations of local builders, government officials and residents. Places with populations of less than 25,000, with large numbers of low-wage immigrant workers and with rotating populations of college students, retirees and inmates of prisons were ruled out.

Compared with the rest of the U.S., the top 25 Relovilles that emerged from the analysis generally have twice the incomes, twice the home values and home sizes, twice the college degrees, twice as many youth and half as many elderly, twice the divorce rates and twice the numbers of residents who vote Republican. They have less than half as many blacks and more than twice as many Asians and have largely illusory historical roots–new buildings and town centers that overtake forrests and prairies.

Click here to read about America’s first Reloville.

Relovilles don’t lend themselves to crisp definition. Census takers don’t track serial movers as such. But you know when you’re in one. Like other young and affluent suburbs, they tend to boast of their “charm” and “small-town feel,” “tree-lined neighborhoods,” and “historic,” if often brand new, downtowns mimicking Savannah and Charleston. They are safe and litter-free, with shrubbery that seems sculpted from stone, with roads that curl like spaghetti through subdivisions and stopping at cul-de-sacs and shopping strips lined with the brands of familiar retail chains.

Among the resulting top 25 Relovilles, van- and SUV-choked Alpharetta ranked first. More than 70% of its residents were born somewhere other than Georgia. More than a third of the residents in 2000 had come from another state or abroad since 1995.

The last of the 25 is Plano, Texas, still the biggest Reloville and one of the oldest. But after three decades of Relo-driven growth, the city has begun to wane as a home for corporate transferees. Older, former Relos are retiring and settling down there, but the city has nearly run out of land for the new housing that appeals most to active, young Relos.

Before moving to Geneva, the Remsons lived the seventh-ranked Reloville–Frisco, Texas–immediately north of Plano. Mark’s ST was closer to Dallas in older, lower-scale Carrollton (No. 12), but he and his wife found a house they liked more 20 miles north in Frisco.

Drawbacks
There is great public indifference to community affairs in many of the country’s Relovilles. While, Relos join PTAs and coach soccer, the international sport of all Relovilles, for their kids, many don’t join other community groups, run in local elections or contribute to campaigns for community improvements. A Relo can tell you the way to the airport, but not to the city hall.

“When you come to ask them for money,” Robbie Robinson, a civic leader in Plano, said, “they know they’re not going to benefit from it, so it’s harder to get them to contribute.”

The brutal 2008-2009 recession has taken a toll on Relovilles, but not much of one. Home prices in the Relovilles around Denver, Atlanta and Charlotte have barely budged. Compared with homeowners of less Relo-oriented cities, like Las Vegas, Los Angeles and San Jose, Relos earn enough and collect enough from their equity from previous homes to do without subprime mortgages.

And because Relovilles sprout where land is cheap–a major attraction for their companies too–they pay less for housing–typically less than 25% of their incomes–than they would for similar homes around, say, New York, San Francisco or Chicago. Some major employers of Relos that retrenched in the bust–such as General Motors, CitiGroup, AIG ( AIG - news - people )–have shut offices and let Relos go, and some have postponed hiring and moving them. But healthier companies that have won beachheads in Beijing, Rio and Singapore weren’t about to retreat just because the economy caught swine flu.

It’s no easier to predict where the next Alpharetta, Huntersville, or Apex will spring than it is to spot the next Apple, Microsoft or Google. Prominent new Relovilles will pop up in sleepy old towns like Castle Rock, Col., and Gaithersburg, Md., and others in desolate prairies like Frisco and Flower Mound, outside Dallas. They will sprout from just about anywhere with cheap land, exits off Interstate highways and an international airport providing quick access to the global economy.

But likely contenders include those just behind the top 25 in the Reloville weightings. They are Duluth, Ga., Colorado Springs, Colo., Gilbert, Ariz., Oakton, Va., Sugar Land, Texas, Carmel, Ind., Issaqua, Wash., Chandler, Ariz., Fort Collins, Col., Bentonville, Ark., Wildwood, Mo., Lake Ridge, Va., Chantilly, Va., Olathe, Kan., Corinth, Texas, Sammamish, Wash., Southlake, Texas, Germantown, Md., Coppel, Texas, Leawood, Kan., Brentwood, Tenn., Wyndham, Va., Ellicott City, Md., Eden Prairie, Minn., and Naperville, Ill.

Jason L. Joseph-Realtor/Real Estate Agent

Direct: (512) 658-7949

Website: WWW.JASONLJOSEPH.COM

Member of:

National Association of Realtors-NAR

Texas Association of Realtors-TAR

Austin Board of Realtors-ABOR

Margie Joseph & Associates Realtors

Marjorie A. Joseph- Broker

2416 Rio Mesa Drive

Austin, Texas 78732

Fax (512) 266-3522

Jason Joseph Realtor/ Real Estate Agent and Margie Joseph & Associates Realtors are a licensed real estate firm providing brokerage services in the State of Texas visit www.trec.state.tx.us for further licensing details.  

The NATIONAL ASSOCIATION OF REALTORS® Code of Ethics provides that “REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, or national origin. REALTORS® shall not be a party to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, handicap, familial status or national origin. The Fair Housing Act declares a national policy of fair housing throughout the United States. The law makes illegal any discrimination in the sale, lease or rental of housing, or making housing otherwise unavailable, because of race, color, religion, sex, handicap, familial status, or national origin.

 

Jun 26

Small businesses looking to expand are now able to refinance existing loans to buy real estate and other fixed assets as a result of permanent changes to the U.S. Small Business Administration’s 504 Certified Development Company loan program.

The changes were authorized in the American Recovery and Reinvestment Act of 2009.

The 504 loan program is administered through 271 Certified Development Companies across the nation. On Wednesday, SBA began implementing the changes by publishing them as a permanent rule in the Federal Register.

The legislation allows 504 program projects to include a limited amount of debt refinancing if there is a business expansion and the debt refinanced does not exceed 50 percent of the projected expansion cost. The following are some conditions under which borrowers will be eligible for refinancing:

• The debt being refinanced was incurred to acquire land, to construct a building or to purchase equipment. The assets acquired must be eligible for financing under the 504 program.

• The existing debt is collateralized by fixed assets.

• The existing debt was incurred for the benefit of the small business.

• The new financing provides a substantial benefit to the borrower when prepayment penalties, financing fees, and other financing costs are taken into account.

• The borrower has been current on all payments of existing debt for one year prior to the date of refinancing.

“Lower interest rates mean lower payments and less money going out the door each month in debt repayments. That means more cash on hand to keep their doors open, their employees working and to even expand and create more jobs,” said SBA Administrator Karen Mills.

The permanent changes allow small businesses to restructure eligible debt to help improve their cash flow which, in turn, will enhance their viability and support growth and job creation. The 504 loan program can be used to purchase business real estate or fixed assets, such as heavy equipment or machinery, and expand current development projects.

Mills said the 504 program’s refinancing changes are the latest in several Recovery Act provisions implemented by the SBA in recent weeks. On March 16, the agency temporarily raised to 90 percent the guarantee level on many of its 7(a) program loans and reduced fees on both 7(a) and 504 loans.It also doubled to $5 million the surety bond guarantee level for small businesses competing for construction and service contracts.

Additionally, on June 15, SBA’s American Recovery Capital loans became available for small businesses facing immediate financial hardship.

Jason L. Joseph-Realtor/Real Estate Agent

Direct: (512) 658-7949

Website: WWW.JASONLJOSEPH.COM

Member of:

National Association of Realtors-NAR

Texas Association of Realtors-TAR

Austin Board of Realtors-ABOR

Margie Joseph & Associates Realtors

Marjorie A. Joseph- Broker

2416 Rio Mesa Drive

Austin, Texas 78732

Fax (512) 266-3522

Jason Joseph Realtor/ Real Estate Agent and Margie Joseph & Associates Realtors are a licensed real estate firm providing brokerage services in the State of Texas visit www.trec.state.tx.us for further licensing details.  

The NATIONAL ASSOCIATION OF REALTORS® Code of Ethics provides that “REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, or national origin. REALTORS® shall not be a party to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, handicap, familial status or national origin. The Fair Housing Act declares a national policy of fair housing throughout the United States. The law makes illegal any discrimination in the sale, lease or rental of housing, or making housing otherwise unavailable, because of race, color, religion, sex, handicap, familial status, or national origin.

 

Jun 15

U.S. construction spending in April totaled $969 billion, which was up 0.8 percent from March, reported Ken Simonson, chief economist for the Associated General Contractors of America, in his Data DIGest for last week. However, that total was down 11 percent compared with April 2008.

Manufacturing construction recorded the biggest month-to-month gain, with the April number rising 3.9 percent from March. Simonson attributed the increase to a number of oil-refinery upgrades.

Private construction that depends on bank financing has generally fallen off, Simonson wrote, with retail, warehouse and farm construction falling by 2.1 percent from March and lodging falling 2.4 percent.

Jason L. Joseph-Realtor/Real Estate Agent

Direct: (512) 658-7949

Website: WWW.JASONLJOSEPH.COM

Member of:

National Association of Realtors-NAR

Texas Association of Realtors-TAR

Austin Board of Realtors-ABOR

Margie Joseph & Associates Realtors

Marjorie A. Joseph- Broker

2416 Rio Mesa Drive

Austin, Texas 78732

Fax (512) 266-3522

Jason Joseph Realtor/ Real Estate Agent and Margie Joseph & Associates Realtors are a licensed real estate firm providing brokerage services in the State of Texas visit www.trec.state.tx.us for further licensing details.  

The NATIONAL ASSOCIATION OF REALTORS® Code of Ethics provides that “REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, or national origin. REALTORS® shall not be a party to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, handicap, familial status or national origin. The Fair Housing Act declares a national policy of fair housing throughout the United States. The law makes illegal any discrimination in the sale, lease or rental of housing, or making housing otherwise unavailable, because of race, color, religion, sex, handicap, familial status, or national origin.

Jun 12

WASHINGTON — The three most important things in real estate: location, location, location.

It’s true for recovery from a real estate bubble too. Overall, many economists expect the national economy to return to growth later in 2009, perhaps as soon as this summer. But that won’t be the case everywhere. While some cities are poised for a quick rebound, others face a slog to recovery that could take years.

Poised for swift recovery are many Texas cities, such as Austin, San Antonio, Dallas and McAllen. These areas did not see the massive real estate bubble that formed in states like California, Nevada and Florida. The economy is diverse, with heavy growth coming from education and health care in recent years.

In Pictures: The 10 Best And 10 Worst U.S. Cities For Economic Recovery

Many of the cities with the longest road to recovery are California cities, where home prices rocketed out of control, and entire economies were supported largely by a real estate bubble. Fresno, Modesto, Salinas, Bakersfield, Stockton and Los Angeles all saw home prices soar to unsustainable levels and then begin their inevitable plunge. The collapse of the housing markets pushed unemployment rates in these cities above 10%.

Even as a flood of foreclosures makes home prices look affordable again, a sign that some of the worst real estate markets may be finding their bottom, it will still take years for unemployment rates as high as 16.8% in Modesto or 15.5% in Fresno to return to healthy levels.

Jason L. Joseph-Realtor/Real Estate Agent

Direct: (512) 658-7949

Website: WWW.JASONLJOSEPH.COM

Member of:

National Association of Realtors-NAR

Texas Association of Realtors-TAR

Austin Board of Realtors-ABOR

Margie Joseph & Associates Realtors

Marjorie A. Joseph- Broker

2416 Rio Mesa Drive

Austin, Texas 78732

Fax (512) 266-3522

Jason Joseph Realtor/ Real Estate Agent and Margie Joseph & Associates Realtors are a licensed real estate firm providing brokerage services in the State of Texas visit www.trec.state.tx.us for further licensing details.  

The NATIONAL ASSOCIATION OF REALTORS® Code of Ethics provides that “REALTORS® shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, or national origin. REALTORS® shall not be a party to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, handicap, familial status or national origin. The Fair Housing Act declares a national policy of fair housing throughout the United States. The law makes illegal any discrimination in the sale, lease or rental of housing, or making housing otherwise unavailable, because of race, color, religion, sex, handicap, familial status, or national origin.