Watch out for these cities booming with jobs.
When Fortune Magazine released its list of “Best Companies for Job Growth”, I immediately thought of searching for cities that would greatly benefit from the companies defying recession. There’s hardly any room for expansion these days but these are companies that wouldn’t take no for an answer. If you’re one of the thousands who’ll need to relocate to any of these cities, here’s a quick guide on the housing market that you’ll be encountering.
New Braunfels, TX
Company behind job growth: The Scooter Store (51% job growth)
The cold-spring rivers are a complete opposite of the hot real estate market in this German Texan community. Many are enamored of its homey atmosphere yet it contains a thriving business sector that the New Braunfels Chamber of Commerce describes, “Business meters area at all time highs and over $400 million of new commercial investments has been made in the last six years. Residents and businesses alike are reaping the benefits of new commercial activity and enjoying low city and county taxes.”
Recently, its City Council allocated $1 million for improvements its streets.
San Jose, CA
Company behind job growth: Brocade Communications Systems (39% job growth)
Yes, the state of California real estate market is as dire as you could imagine. However, no one should deny himself of the opportunities that come in some cities like San Jose. Home sales are starting to pick up from its historical low in Q109 which is quite a surprise considering it’s located in a distressed state. And yes, there are plenty of schools that your kids will be eager to attend to.
Here’s what San Jose has in store for you:
St. Louis, MO
Company behind job growth: Scottrade (22% job growth)
The discount brokerage firm has made a significant impact to the city in the past months that Fortune Magazine writes, “Last year the online investing firm opened 58 branch offices across the country and has plans to open a little more than 60 in the year ahead, which means more staff in the offices and at the company’s corporate headquarters…”
And there’s no better introduction for St. Louis’ housing development but a mention of its Home Ownership Purchase Enhancement (HOPE) Program. It provides a mix of loans and grants for essential repairs. In return, the recipient is asked to attend sessions on learning how to care of their home and manage their finances. The Missouri Housing Development Commission states that the repairs may cover rehabilitation, lead risk reduction, weatherization and accessibility.
Here’s a montage of the city: