Real Estate News

In Austin, New Construction Homes Take the Lead

New Construction Homes in AustinFor many home buyers, building a new construction property is a dream come true. It's an opportunity for them to fulfill the very core of the American dream — purchasing land and building upon it. Buyers can customize the features within their home, make selections that fit their own preferences and desires, and create a piece of the world that is completely theirs.

So for buyers who are looking to invest in a new construction property, Austin and other Texas communities are like heaven on earth. A recent report released by Trulia and ...

3 Austin Real Estate Trends and How They Might Impact Your Home Search

Can you feel the heat in Austin? No, we're not talking about the stifling temperatures throughout the summer months. We're talking about the record-setting housing market that continues to show gains in just about every section of the city. Home buyers are facing competition at every corner, and sellers are enjoying significant returns as they look to upgrade to more luxurious properties in and around Austin. This hot market doesn't show any signs of slowing down, but there are several trends identified by the Community Impact Newspaper taking shape that may impact your home search in the city.

1. In the last 5 years, new home construction...

Looking for Land? Austin Market Shows an Increase in Land Sales

Known for its seismic proportions, it's hard to imagine that Texas could get any bigger. But growth is evident across the state, from its thriving local economies to its influx of out-of-state residents looking to relocate to the Lone Star State. Homes are barely listed on the real estate market before they are snatched up by anxious buyers looking to get their hands on the hot property in Austin and other metropolitan areas in Texas.

While it's not surprising that home sales are on the rise, many industry insiders are surprised that Austin and the surrounding region are in the lead with the number of land sales that have taken place in the last year. It appears that buyers are starting to push the city limits and expand outward, purchasing rural land when possible in order to build their dream property in an ideal location.

What to Know...

Austin Ranks as Top Market for Commercial Real Estate

Austin is poised to have a record-breaking year for real estate. The city is experiencing a population boom with no end in sight, driven largely by the technology sector that continues to bring more jobs to the region. The economy is strong, anchored by a diverse range of industries and job opportunities. And many of the residents are ready to purchase homes that appeal to their tastes.

While many of the real estate headlines are focusing on the residential housing market in Austin, it should also be noted that the commercial real estate market is thriving. In fact, according to an article published in The Business Journals, Austin has one of the top 5 commercial real estate markets in the country. 

What's Driving the Commercial Real Estate Market in Austin?

Austin is one of two cities in Texas that topped the list for the 5 hottest...

With $1.2B in Home Sales, Austin Celebrates Record-Breaking Month

The Austin real estate market has been steadily growing for some time, but in May 2017 the market escalated past a huge threshold — a $1.2 billion threshold, to be exact. The Austin Board of Realtors released its monthly report regarding May 2017 home sales, which revealed that the market topped $1.2 billion in sales in just one month for the first time.

This figure is generating buzz amongst those involved in the real estate market, particularly investors and agents who work with property owners to help them get the most out of their real estate investment.

What Does This Mean for Home Sellers?

Home sellers should be overjoyed at this recent data, which proves that real estate will continue to be in high demand and that home prices will continue to skyrocket. For...

Lakeway Parade of Homes Draws Record Breaking Crowd

From mid-May through the end of the month, master planned community Rough Hollow in the Lakeway real estate market hosted their annual Home Builders Association of Greater Austin Parade of Homes. This event was hosted by The Peninsula, one of the community’s foremost neighborhoods, and this year the Parade of Homes drew a record-breaking crowd. Here are some of the details.

Record Attendance at The Parade of Homes

The 2017 Parade of Homes drew an enormous crowd, breaking records with 9,000 visitors attending throughout the two weeks that the home show ran. The community at large did booming business, real estate wise, with 25 total sales throughout the month of May. This marks another record for Rough Hollow,...

Austin Board of Realtors Forecasts Hot Housing Market for Summer 2017

By all reports, home sales in Austin cooled a little this spring — not necessarily a slump but also not the meteoric rise that the city has been experiencing over the past few years. According to a new report by the Austin Board of Realtors, however, that is expected to change this summer with the housing market heating up as the weather gets warmer.

Prices and Sales Started Increasing in April, Particularly for Round Rock

The Board of Realtors reported a slow start to 2017 but noted that prices began rising once more in April. During that month, the Austin metro prices jumped about 3.2% compared to prices in April 2016. In Round Rock, prices were up about 6% over the prior year, with the median price resting at $305,000. During this period, more than...

Why Home Buyers Should Consider Cedar Park and Leander

As the summer heat intensifies in Austin, the real estate market is heating up as well. While this is an exciting time to be participating in the market, many home buyers in Austin are finding it daunting to be facing such steep competition for homes. For those who are looking for a great home in a growing market, it's often advantageous to look outside of the city limits. In fact, the suburbs of Cedar Park and Leander are gaining notoriety as the up-and-coming communities in the Austin metropolitan region. 

Real Estate Market Conditions in Cedar Park and Leander

Different trends are taking place in Cedar Park and Leander, making them markets for buyers to consider as they look for the right home in Central Texas. According to an article...

Round Rock Becomes a Focal Point of Central Texas Growth

Round Rock started off as a small village, opening its first blacksmith shop in 1848 and the first post office in 1851. The town grew slowly at first, topping out at between 1,000 and 1,400 people between 1900 and 1960. Then, as Austin started to expand, so too did Round Rock, ballooning in size to a population of 11,812 by 1980.

The 1980s saw an influx of tech sector businesses in Round Rock, including PC giant Dell. The once-small village never looked back. Today, with a population of 120,892 and growing, Round Rock tops many national charts and it is now one of the fastest growing communities in the United States. As such, it has become the nexus of growth in Central Texas. Let’s delve deeper into the drivers behind this unprecedented growth.

An Ever-Growing Population...

Summer 2017 Austin Housing Forecast: Hot, Hot, Hot!

It sounds a lot like the weather forecast on TV on any summer morning in Texas: It's already hot, and it's going to get hotter! This can be used as the description for the Austin housing market this summer. The summer selling season is always an exciting time in any real estate market, as many owners are looking to sell, buy and move prior to school starting in the fall. However, this year is gearing up to be particularly exciting in Austin. If you think that the last several months on the market have been hot, wait until you see what June, July and August have in store! 

What's Driving the Austin Real Estate Market? 

A relaxed and mild spring had some experts wondering if it would be a laid back summer for the Austin real estate market, but data that was recently released regarding April home sales indicates otherwise. According to an article published on ...

Austin Suburbs Top Several Lists as Great Places to Live

When it comes to the best places to live in Texas — and, according to some rankings, across the entire United States — Austin consistently tops the charts. This city has been ranked as one of the most livable cities and as one that has the best balance between opportunity and cost of living. Some suburbs have even been numbered among the most relaxed in the nation. Let’s take a look at some of these rankings to better understand where Austin’s suburbs rate.

Austin’s Neighborhood Rankings

First of all, Niche, a site that ranks neighborhoods around the United States, gave several Austin neighborhoods high rankings in a few different categories. In the category for best suburb in Texas, Rollingwood achieved the number one ranking....

Kalahari Resorts to Build Resort and Water Park in Round Rock

Big things are happening in Round Rock. Among all of the business expansion and development, Kalahari Resorts has announced that they will be building a resort and water park in Round Rock. Here are the details about the real estate deal and about the new water park itself.

$350 Million Deal Plus Incentives

Wisconsin-based resort company Kalahari entered into an agreement with Round Rock officials. According to this agreement, Kalahari must invest at least $350 million into the Round Rock park and they must also hire at least 700 employees to staff the new park.

In exchange, the Round Rock City Council approved a couple of ...

Austin Hailed as One of the Most Profitable Housing Markets in 2017

It seems that for a lot of people in a lot of different places, now is a good time to sell a home. Home prices are on the rise across the country, and USA Today recently released the top 20 markets where sellers can earn the most profit on their property. Luckily for Austin residents, the city made it onto the list clinching the 19th spot.

Return on Investment

Most home buyers hope that their home will continue to increase in value and that one day they might be able to enjoy the returns on that investment. Austin homeowners should take a look at these numbers, and think seriously about the possibility of listing their home. According to the article, the average Austin home seller is enjoying a 39 percent return on their...

Developer to Build Massive New Community Just West of Austin

Austin is an ever-growing city, as evidenced by the new communities spring up both within the city and along the outskirts. In western Travis County, a major new community called Thomas Ranch is in the works. There is a lot to learn about the new community so keep reading to hear the latest!

Thomas Ranch Key Facts

This new community will rest on approximately 2,200 acres. On that land, lead developers from Blakefield, LLC plan at least 3,300 new buildings — a mixture of homes, apartments, shopping centers, entertainment paces, restaurants and more. In the end, it is forecasted that between 6,000 to 10,000 new residents will move to Thomas Ranch.

While the total cost of the planned community is unknown, Blakefield representatives say that construction could start as early as 2018, with the ...

Looking to Invest in Austin? Consider the Following

The Austin real estate market is generating buzz within the investment community. Prices are high in this seller's market, but the thriving economy and continued population growth indicates that property values will continue to increase for the months and years to come. For investors, these are the ideal conditions that they search for when it comes to investing in a particular market.

However, star-struck investors will still want to do their research before purchasing an investment property in Austin. According to a recent Forbes article, there are certain investment properties that will generate...

Austin Builds Largest Net-Zero Community in the U.S.

Whisper Valley Net-Zero CommunityWith the construction of Whisper Valley, a new community on the east side of Austin, this city will become a world leader in energy efficiency and sustainability. That's because Whisper Valley is set to be the largest net-zero community in the United States. Read on to learn more about what net zero means and how Whisper Valley will put this sustainable building practice to work.

What Does Net-Zero Mean?

The simple definition of a net-zero building, according to the Department of Energy, is one that produces as much or more energy than it needs to function. This...

Inventory Dwindles Nationwide... But Not in Austin

If you look at the data from March 2016 and March 2017, most real estate markets across the country have less homes for sale now than they did just one year ago. According to a recent report that was discussed in a CultureMap Austin post, Texas is the only state that is defying this real estate trend. In Austin and other major markets throughout Texas, inventory levels are on the rise, which is yet another indicator that this is going to be a stellar year for real estate in the city and the surrounding suburbs. 

Nationwide Real Estate Trends

Austin Competes for Investors on the World Stage

Austin, Texas is no longer merely a hub in the Texas economy. This city is rapidly becoming a global force in its own right. More and more, international investors are turning to Austin as a place to do business. And business is booming across the board. Rental markets are up, the commercial real estate market is growing and Austin features a robust housing market with several neighborhoods to watch.

Let’s take a look at the factors that are pushing Austin into the global spotlight.

Desirable Rental Market

Real estate investing firm HomeUnion recently ranked Austin as the 9th most desirable rental market in the United States. Market conditions in this city are exactly what rental investors want to see. Employment is up roughly 3.6% from 2009,...

Residential Real Estate Inventory is On the Rise - And That May Be a Good Thing!

All throughout the United States there appears to be a nationwide trend of lean housing inventories. But not in Austin. This is one of very few cities that is bucking the trend with new residents finding a minor surplus of homes. The housing surplus might not actually be a bad thing – and there are some mitigating factors that could help balance the market.

Austin is Growing Rapidly

Looking at Austin’s real estate market proportionally, it’s easy to see why a surplus of housing could actually be a positive thing. This is a city that tops nationwide charts for activity. New residents are flooding Austin, to the point that more people moved to this city than anyone expected in 2016.

For instance, as of 2014, new residents that moved to Austin between...

What You Need to Know About Real Estate Crowdfunding in Austin

Texas real estate is a booming industry. Not only is the market hot for buyers and sellers who are interested in purchasing and selling homes throughout the state's metropolitan areas, but it also offers ideal conditions for investors who want to develop both residential and commercial property. Recently, real estate crowdfunding has started to play a major role in the ability for people to invest in the area's real estate. Austin (and surrounding cities like Cedar Park), in particular, is experiencing an influx of real estate crowdfunding investments. 

What is Real Estate Crowdfunding? 

Like other popular crowdfunding platforms, real estate crowdfunding sites provide people who are interested in starting a real estate investment to connect with those who are able to fund those types of projects. For example,...

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