One of the top indicators we look for as real estate investors is job growth. The annual Wall Street Journal’s survey of job markets puts Austin, Texas, Nashville, Tennessee, and Denver, Colorado at the top of the list this year.
This ranking takes into account unemployment rate, labor force participation rate, job growth, labor force growth, and wage growth.
Austin is not an easy market to get started in real estate. Housing demand in the city has been high for years. It’s not just the annual SXSW conference that highlights the city’s appeal. Apple is said to be building a new campus there, which will employ over 7,000 people.
Other highlights from the study showed Honolulu, Hawaii dropping 21 spots from last year. And the Houma-Thibodaux area in Louisiana ranking dead last with a mere 2.5% decrease in job growth.