Fastest Cities to Recover
Forbes ran an article toward the end of last year talking about which cities were the to recover the fastest. As one would expect, Texas had 4 with Austin coming at number 3 on the list. Forbes looked at the top 100 metro areas in the country and ranked them based on unemployment rate, Gross Metro Product (a measure of the size of a city's economy), foreclosures, home prices and home sales rates. Metro areas in Texas included San Antonio at #2, Austin at #3, Dallas-Fort Worth at #6 and Houston at #8. Factors in Austin's favor included quick home sales, median home price and a very strong GMP. See the story here and the list here.