The recently conducted U.S. Census has shown that the population in Austin has grown significantly over the past year. In fact, Austin Business Journal reports that the population increased by 2.4% since the July 2007 census, at which time the population in Austin was a healthy 734,074. With the increase over the past year, the city has now added another 18,000 residents to its population.
Thanks to the recent population growth, Austin has officially been listed as the eight fastest growing city in the nation between July 2006 and July 2007. Other Texas cities also made the list, including Fort Worth, San Antonio and Houston, with the latter receiving 39,000 new residents during the one year time span. As a result, Houston was officially ranked as…
As the nation continues to struggle with difficult economic times, the Austin area continues to grow. According to the Austin Business Journal, a new boutique hotel is slated to be built on South Congress Avenue, in an area that is just a half block south of the Congress Baptist Church.
The new hotel, which will be located across from Vespaio and Allen's Boots, will feature 90 rooms as well as two major restaurants. Bill Gurasich, who is the co-founder of GSD&M and is behind the new development, also anticipates adding a coffee house to the new hotel as well as a variety of different retailers.
The site of the hotel, which is being designed by Dick Clark Architecture, is currently owned by the Congress Baptist Church and is currently being used as a…
In addition to offering its residents an increasing number of job opportunities as well as one of the most stable housing markets in the country, Texas has also been ranked as one of the least-burdensome states in terms of taxing its citizens.
The Austin Business Journal reported that the Tax Foundation recently released its annual report and listed Texas in the 43rd position, with 1st being the worst, for its tax environment. The list was compiled by evaluating the state and local taxes that each of the state's residents had to pay. This amount was then divided by the total amount of income in the state. According to the Tax Foundation, the average burden was 9.7% of a state resident's income. Residents of Texas, however, only paid 8.4% of their…
Although many western states are struggling to maintain jobs and to grow within the country's current economy, Texas is going against the grain and increasing its number of job offerings.
According to the Austin Business Journal, the Western Blue Chip Economic Forecasts indicated that the state of Texas had the second highest percent of change in terms of job growth over the past year. In fact, when comparing this July to July of last year, the state saw a 2.4% increase in jobs created. While the state's percentage increase was second in the nation, with Wyoming having a higher percentage increase at 2.5%, Texas actually had the largest number of new jobs added. In fact, a total of 250,900 jobs were added in the state during that one year period of…
One of Austin's biggest companies, Dell, has pledged to increase the amount of money it gives to local, national and international causes. In all, the company plans to give 1% more of its pre-tax profits to global charitable causes by February 2010.
According to the Austin Business Journal, the company wants to provide more support in the areas of education and digital inclusion efforts. The company has determined that funding in these two areas is greatly needed in order to create a successful new tech era, which also means focusing on emerging countries where there is a greater need of providing educational opportunities focused around technology.
"The next billion Internet users coming online will largely live in emerging countries, such as Brazil,…
Austin takes pride in it focus on going green and its efforts have been paying off. In fact, the Austin Business Journal reports that the city has been ranked as the 14th greenest city in the United States by the website SustainLane.com. Not only did the city manage to land a high spot on the list, it also moved up one spot from the list put out by SustaineLane in 2006.
In order to rank the cities throughout the country, SustaineLane considered a number of different factors. These included ranking the city's ability to maintain healthy drinking water and air as well as its public transit systems and parks. The site also considered each city's sustainable local economy with green building, its renewable energy sources, its use of alternative…
Despite the general downward trend in the housing market throughout the United States, the Austin Business Journal reports that Texas and other southern states are managing to enjoy a slight increase in sales.
The Austin Business Journal sites a report released by the National Association of Realtors, which indicated tat the total home sales in the United States fell by 2.2% while home sales in the South have gone up by 0.5%. The data, which was gathered in August for the month of July, included a number of states considered to be in the South region. These include:
Austin has quickly emerged as a model city when it comes to green living and green city planning. Therefore, it should not come as too much of a surprise that one of the city's largest companies, Dell, has also decided to become a little bit greener.
According to a report in the Austin Business Journal, Dell has achieved some impressive new green milestones. This includes being completely carbon neutral, which the company has managed to do by reducing energy use and using both solar power and wind power energy sources. In addition, the company has provided financial backing for a major forest preservation project in Madagascar. This was accomplished when the company paired up with Conservation International in order to help protect 591,000 acres of…
Despite the touch economic times the nation is facing, Austin Business Journal reports that the Austin-Round Rock region is still managing to outperform other parts of the country when it comes to the creation of jobs as well as other economic markers. The ranking, which was determined by the Milken Institute and Greenstreet Real Estate Partners, considers a variety of different factors when ranking cities throughout the country, including technology growth, job creation and salaries.
Receiving a fourth place ranking is certainly something for the city to be proud of, but it is particularly impressive when considering that the city placed 20th on the list last year. Therefore, within just one year's time, the city has managed to gain 16 places on the
When you sell or purchase a home, you might hear the term “prorations” being used. This is because some items may be prorated at the time of closing. Since you might be hearing this term at the time of closing, it is a good idea to gain a better understanding of what it means.
What Does the Term “Prorations” Mean?
When you close on a home, certain items may be prorated. This means certain items of monetary value may be divided between the seller and the buyer. These most typically include items such as:
Interest
Insurance premiums
Property taxes
Rental Income
These items are not necessarily split equally. Rather, a specific proportion is determined and these costs are shared in accordance with the proportion.
