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TEXAS
CITIES DOMINATE LIST OF TOP PERFORMERS LOS ANGELES (Milken Institute) – Texas metros, led by
number one Austin–Round Rock, claimed four of the top five spots and nine of the
top 16 in the 2009 Milken Institute/Greenstreet Real Estate Partners
Best-Performing Cities Index.
Also making the list were Killeen–Temple–Fort Hood (2),
McAllen-Edinburg-Mission (4), Houston–Sugar Land–Baytown (5), San Antonio (11),
Fort Worth–Arlington (12), Dallas-Plano-Irving (13), El Paso (14) and Corpus
Christi (16).
Austin–Round Rock was the first metro to ever be ranked
number one twice on the index, the last time being in 2000.
But it doesn't stop there. Nine other Texas metros made
the top 25 out of the 124 smallest metros that were studied.
Those were Midland (1), Longview (2), Tyler (4), Odessa
(5), College Station–Bryan (14), Texarkana (17), Waco (18), Laredo (20) and
Abilene (21).
Leaders in this year’s index, which ranks U.S. metros
based on their ability to create and sustain jobs, are all metros that succeeded
in avoiding the worst of economic declines driven by falling housing markets and
job losses in manufacturing and global trade.
Regional economic factors also strongly influenced the
rankings this year, with the oil and gas sector, technology and alternative
energy providing stability among metros in Texas, North Carolina, Washington and
Louisiana.
Another factor helping Texas metros move up in the
rankings is the state’s favorable business climate and its ability to attract
jobs and corporations away from higher-cost states.
Courtesy of
RECON
Real Estate Center Online News
November 13, 2009
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