by SHELTON GREEN It is not surprising to many people that Austin has the highest apartment rents of any city in Texas, but what some may find compelling is that the Capitol City saw the largest, fastest, and highest jump in apartment occupancy this year compared to last. According to A.L.N. Apartment Data, Austin’s apartment [...]
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The rich are different from you and me: They’re buying real estate. After four straight years of declines, sales of million-dollar homes and condos rose last year in all 20 major metro areas, according to DataQuick Information Systems. On average, these cities saw an 18.6% jump in high-end home sales. San Jose, Calif., had the [...]
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Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday. Buffett gave an aggressive earnings forecast for Berkshire’s collection of businesses, said the company would engage in record capital spending and forecast a recovery [...]
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From: Austin American Statesman, 2/19/2011 Today’s homebuyers are recession-weary, looking toward retirement, and/or increasingly more energy-conscious. Because of that, homes built in the next few years are likely to focus more on efficiency and community than on square footage, industry experts say. Think compact, more energy-efficient and more affordable. Expect to see homes built on [...]
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Many people, often working under the assumption that all renovations increase the value of a property, spend thousands of dollars on expensive upgrades, changes and additions to their homes. What these people forget, though, is that the next owner may not like the renovations. In fact, most people who buy property make significant changes to [...]
Read More...Austin Community, Austin economy, Austin News, Austin Real Estate News, Uncategorized
Apartment occupancy levels, a healthy resale supply and new home inventory at record lows put Austin in a positive position in 2011, according to a recent report by Metrostudy, a national housing data and consulting firm that maintains the most extensive primary database on residential construction in the US housing market. “With economists forecasting 2% [...]
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From: Austin Business Journal Date: Friday, February 11, 2011 Austin’s rich supply of entertainment and high ratio of singles has landed the Texas state capital a spot on a recent listing of the best cities for dating. Vavoom.com named Austin second best city for dating using data such as available singles, fun things to do [...]
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What are Central Texas homeowners are looking for when they commission a new house these days? Think greener, smaller, simpler and more contemporary. This trend is a bit of a departure from the longtime design desires of Central Texans, which have tended toward a “bigger is better” attitude, with traditionally styled single-family houses set on chunks of [...]
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It is tough times like this that really starts to differentiate the good realtors from the bad! Buyer and sellers, look around and if you see an active, successful agent, know that you are in very good hands! Success breeds complacency. In a great real estate market almost anyone in the real estate industry can [...]
Read More...Austin Community, Austin News, Austin Real Estate News, Real Estate
Austin condo sales doubled last year, while prices were stable, according to recent Multiple Listing Service data released Monday. A report from AustinTowers.net, a downtown Austin real estate blog, compiled MLS data from 25 downtown residential towers. The group tracked 168 sales last year, or about 50 percent more than in 2009. The average selling [...]
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