Connect with us

Housing News

Top ten cities projected to thrive for the next decade

Published

on

Future prosperity

According to Kiplinger’s most recent list of top cities, Austin tops the list for top 10 best cities for the next decade.

Given the current economic climate and uncertainty in cities of all cities for various sectors including real estate, it is hard to tell which cities will come out on top when the economy recovers. Kiplinger’s latest search focused on places “that specialize in out-of-the-box thinking.”

“New ideas generate new businesses,” says Kiplinger analyst Kevin Stolarick, who evaluated cities for growth and growth potential.

The top 10 cities:

  1. Austin, Texasit’s no coincidence that Agent Genius is headquartered in Austin, according to Kiplinger, “Austin is arguably the the country’s best crucible for small business, offering a dozen community programs that form a neural network of business brainpower to help entrepreneurs. Now overlay that net with a dozen venture-capital funds and 20 or so business associations, plus incubators, educational opportunities and networking events. Mix all these elements in what many call a classless society, where hippie communalism coexists with no-nonsense capitalism, and you’ve got a breeding ground for start-ups.

    Don’t discount the fun factor: In the self-proclaimed live-music capital of the world, music and business creativity riff off one another. The city’s famous South by Southwest festival, where concerts, independent film screenings and emerging technology overlap, is a prime example.”

  2. Seattle, WA
  3. Washington, D.C.
  4. Boulder, CO
  5. Salt Lake City, UT
  6. Rochester, MN
  7. Des Moines, IA
  8. Burlington, VT
  9. West Hartford, CT
  10. Topeka, KS

Is your city in the list above? Although Kiplinger’s methodology is unclear, the list above and reasons provided in the article by Kiplinger are quite intriguing, mostly focused on innovation as the reason for weathering the storm.

CC Licensed image courtesy of visualist images via Flickr.com.

Tara Steele is the News Director at The American Genius, covering entrepreneur, real estate, technology news and everything in between. If you'd like to reach Tara with a question, comment, press release or hot news tip, simply click the link below.

Continue Reading
Advertisement
20 Comments

20 Comments

  1. Marc Knight

    June 2, 2010 at 5:12 am

    Great post and very interesting statistics!

  2. Joe Loomer

    June 2, 2010 at 6:43 am

    Kiplinger apparently doesn’t like the South. Anyone been to Charlotte lately? Columbia? Augusta? Mobile?

    Washington DC? Are you kidding me?

    Navy Chief, Navy Pride

  3. Fred Romano

    June 2, 2010 at 9:22 am

    West Hartford? Wow that’s an interesting pick. It’s a couple towns over from me, but the tax rates are sky high there… Although a lot of rich folks live there so I guess they can pay.

  4. Joe

    June 2, 2010 at 9:33 am

    Ok, perhaps I’m a bit proud of our here, but I wonder why our city(s) are not mentioned in the top 10 lists. Our area is constantly in many national top 10 lists often times #1. Oh well.

  5. Lisa

    June 2, 2010 at 1:18 pm

    I’m proud to call Austin home and psyched that it made the #1 spot! This really is a special city, full of some of the most forward-thinking and progressive people you will ever meet, and from all walks of life.

    Still, I have to agree with Joe Loomer that in general this list seems very biased against cities in the South. Either Charlotte or Raleigh-Durham could have easily made the top 10 in my book. West Hartford? Not so much.

  6. BawldGuy

    June 2, 2010 at 5:03 pm

    IMHO, that list is more likely from an SNL skit. Geez

  7. Debra Sinick

    June 27, 2010 at 3:57 pm

    Fred,

    I grew up in West Hartford and I agree, compared to most places, taxes are high. However, the services are fabulous in the community with great schools, terrific senior care, and facilities. The tax money goes to a lot of things the townspeople benefit from.

    I am continually impressed with the growth of West Hartford Center. Every time I head back there, I make it a point of heading to “the Center.” It’s always hopping with people of all ages. It’s so nice to see a small town re-invent itself without losing its small town feeling. With regard to real estate, there are many neighborhoods that are not expensive in West Hartford. I grew up in one of them!

    Now, I live in Seattle, #2 on the Kiplinger list, it is a dynamic place to live and I think Kiplinger’s pegged it fairly well.

Leave a Reply

Your email address will not be published. Required fields are marked *

Austin

Austin tops the list of best places to buy a home

When looking to buy a home, taking the long view is important before making such a huge investment – where are the best places to make that commitment?

Published

on

Looking at the bigger picture

(REALUOSO.COM) – Let us first express that although we are completely biased about Texas (we’re headquartered here, I personally grew up here), the data is not – Texas is the best. That’s a scientific fact. There’s a running joke in Austin that if there is a list of “best places to [anything],” we’re on it, and the joke causes eye rolls instead of humility (we’re sore winners and sore losers in this town).

That said, SelfStorage.com dug into the data and determined that the top 12 places to buy a home are currently Texas and North Carolina (and Portland, I guess you’re okay too or whatever).

They examined the nerdiest of numbers from the compound annual growth rate in inflation-adjusted GDP to cost premium, affordability, taxes, job growth, and housing availability.

“Buying a house is a big decision and a big commitment,” the company notes. “Although U.S. home prices have risen in the long term, the last decade has shown that path is sometimes full of twists, turns, dizzying heights and steep, abrupt falls. Today, home prices are stabilizing and increasing in most areas of the U.S.”

Click here to continue reading the list of the 12 best places to buy a home…

Continue Reading

Housing News

Average age of houses on the rise, so is it now better or worse to buy new?

With aging housing in America, are first-time buyers better off buying new or existing homes? The average age of a home is rising, as is the price of new housing, so a shift could be upon us.

Published

on

aging housing inventory

aging housing inventory

The average home age is higher than ever

(REALUOSO.COM) – In a survey from the Department of Housing and Urban Development American Housing Survey (AHS), the median age of homes in the United States was 35 years old. In Texas, homes are a bit younger with the median age between 19 – 29 years. The northeast has the oldest homes, with the median age between 50 – 61 years. In 1985, the median age of a home was only 23 years.

With more houses around 40 years old, the National Association of Realtors asserts that homeowners will have to undertake remodeling and renovation projects before selling unless the home is sold as-is, in which case the buyer will be responsible to update their new residence. Even homeowners who aren’t selling will need to consider remodeling for structural and aesthetic reasons.

Prices of new homes on the rise

Newer homes cost more than they used to. The price differential between new homes and older homes has increased from 10 percent traditionally to around 37 percent in 2014. This is due to rising construction costs, scarcity of lots, and a low inventory of new homes that doesn’t meet the demand.

Click here to continue reading this story…

Continue Reading

Housing News

Are Realtors the real loser in the fight between Zillow Group and Move, Inc.?

The last year has been one of dramatic and rapid change in the real estate tech sector, but Realtors are vulnerable, and we’re worried.

Published

on

zillow move

zillow move

Why Realtors are vulnerable to these rapid changes

(REALUOSO.COM) – Corporate warfare demands headlines in every industry, but in the real estate tech sector, a storm has been brewing for years, which in the last year has come to a head. Zillow Group and Move, Inc. (which is owned by News Corp. and operates ListHub, Realtor.com, TopProducer, and other brands) have been competing for a decade now, and the race has appeared to be an aggressive yet polite boxing match. Last year, the gloves came off, and now, they’ve drawn swords and appear to want blood.

Note: We’ll let you decide which company plays which role in the image above.

So how then, does any of this make Realtors the victims of this sword fight? Let’s get everyone up to speed, and then we’ll discuss.

1. Zillow poaches top talent, Move/NAR sues

It all started last year when the gloves came off – Move’s Chief Strategy Officer (who was also Realtor.com’s President), Errol Samuelson jumped ship and joined Zillow on the same day he phoned in his resignation without notice. He left under questionable circumstances, which has led to a lengthy legal battle (wherein Move and NAR have sued Zillow and Samuelson over allegations of breach of contract, breach of fiduciary duty, and misappropriation of trade secrets), with the most recent motion being for contempt, which a judge granted to Move/NAR after the mysterious “Samuelson Memo” surfaced.

Salt was added to the wound when Move awarded Samuelson’s job to Move veteran, Curt Beardsley, who days after Samuelson left, also defected to Zillow. This too led to a lawsuit, with allegations including breach of contract, violation of corporations code, illegal dumping of stocks, and Move has sought restitution. These charges are extremely serious, but demanded slightly less attention than the ongoing lawsuit against Samuelson.

2. Two major media brands emerge

Last fall, the News Corp. acquisition of Move, Inc. was given the green light by the feds, and this month, Zillow finalized their acquisition of Trulia.

…Click here to continue reading this story…

Continue Reading

Our Great Partners

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Emerging Stories

Get The American Genius
neatly in your inbox

Subscribe to get business and tech updates, breaking stories, and more!