Wednesday, September 29, 2010

Williamson County's Economic Growth & Real Estate

Quality of life, top-notch schools and a business friendly environment...three ingredients needed in a great formula resulting in strong growth for Williamson County.

COMMENTARY: Williamson County looking better than ever!

By TIFFANY CHEUVRONT
Special to Brentwood Home Page

As we all focus on the trends of the market and what will “dip” next, it is good to see positive things happening in our economy and our Williamson County communities. The number of homes sold and the median price of those homes continues to rise in Williamson County as we experience better than the national average in our real estate markets.
Much of the driving force behind the sustainability of our community is based on the overall quality of life that we experience here in Williamson County. Newsweek (2010) has named five of our Williamson County Schools as some of the Top High Schools in America (Brentwood, Ravenwood, Franklin, Fairview, and Centennial). Only 6 percent of public high schools in the Nation make the list, which is a huge “feather in our cap”
Between the superior education offered here and the “business friendly” environment promoted by the Williamson County Economic Development Council, it is no wonder that we are the place for business in Tennessee. Just this week it has been announced that the IRS, Advanced Bio Healing and Comdata Corp. will either relocate to Williamson County or expand current operations bringing another 750 jobs into our community.
According to www.williamsonprospers.com , Tennessee’s unemployment rate of 13.1% is significantly higher than that of Williamson County at 8.1%. Williamson County continues to lead growth by a rate of 2.5% compared to Davidson County’s growth rate of 1.10%.
These three: education, economic growth and real estate are all connected in a relationship based on the success of each other.
The real estate markets cannot continue to improve without the successes of our education system and our economic development commitments to corporations which drive companies to this area. Economic development cannot happen without quality places to live, near exceptional schools and schools cannot grow and bring in the tax revenues necessary for excellence in education without a business friendly environment.
In a recent article, Danny Anderson, president of Williamson County Association of Realtors said, “The Williamson County area continues to show strong growth compared to other market areas in the State and across the county. The quality of life, excellent schools and an overall economically prosperous community are drivers that allow Williamson County to stay on the more positive side of the real estate slump.
“The influx of corporations choosing this area for corporate headquarters will continue to spur growth in our area and help improve the real estate and other economic indicators that we watch. WCAR is focused on being a part of the recovery of these markets as we move forward.”
As we look toward the end of 2010 and the struggles that we have seen as a state and nation in the economic sectors, we should be proud of the strength of Williamson County and those that are working to keep Williamson County communities at the forefront of growth for years to come. There are exciting things happening here and we should be proud to live and work in a thriving community.
Tiffany Cheuvront is executive vice president of the Williamson County Association of Realtors.


Posted: Tuesday, September 21, 2010 10:45 pm

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