Luxe Austin Homes

"Best Places to Buy a House in the USA for Investment (2024)"

Norada Real Estate Investments writes, "Tired of watching your money sit idle while property values soar? You're not alone. The allure of real estate investment is undeniable, promising substantial returns and financial freedom. But with countless markets vying for your attention, where do you even start? Fear not, aspiring landlord! This guide is your compass through the complex world of real estate investment. We'll uncover the 10 best places to buy a house in the USA for investment, offering promising growth, rental demand, and unique market opportunities.

10 Best Places to Buy a House in the USA for Investment

1. Nashville, Tennessee

Nashville is not just known for its vibrant music scene— it has also emerged as a real estate hotspot. The…

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"More wealthy households are moving to Texas than nearly any other state"

CultureMap Austin writes, "In a state where it takes much less than $1 million in yearly income to live among the top one percent, it's no wonder America's most affluent are flowing in. More of them are choosing to move to Texas over almost every other state, according to a new relocation study by SmartAsset.

To determine where high-earning households are moving, SmartAsset analyzed IRS data from the 2021-2022 tax year, the most recent year for which data was available. The inflow of high-earning households in each state was then compared to the outflows to determine net migration.

Texas had the second-highest net inflow of affluent households – defined as those with an adjusted gross income (AGI) of $200,000 a year – out of all 50 states in the…

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"Home prices stabilize as real estate options in the Bastrop County area increase"

Community Impact writes, "A rise in housing options and interest rates has led to an increased number of houses available to potential buyers in Bastrop and Cedar Creek.

The population in Bastrop County was 106,000 as of 2022, a 20% increase from 2019, according to data from the U.S. Census Bureau. In the same timeframe, the number of housing units in the county increased by over 27% from 31,085 to 39,539.

“I think we can attribute this [population growth] to several factors—the rise in remote work options, competitive home prices compared to our nearby markets, and the ease of commuting from most of the Bastrop-Cedar Creek area into Austin or other areas,” said James Beck, Bastrop County Board of Realtors president and owner of Centum Oak Realty.

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"The Modern Austin Residences Tops Out in the Rainey Street District"

Towers Austin shares, "The 56-story Modern Austin Residences condo tower project celebrated its official “topping out” this week, with the building now reaching its maximum structural height of 658 feet at the northeast corner of Davis and Rainey Streets on the north end of the Rainey Street District in downtown Austin. It’s just one of multiple tower projects currently redefining the skyline of this neighborhood, which already contains the densest residential population in downtown and is set to gain hundreds more homes in the years to come — including 320 new residences at the Modern, with 21 of those condos income-restricted under the district’s affordable housing requirements.

The tower’s topping off obviously represents a milestone for the…

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"Case-Shiller Index: Home price gains hit another all-time high"

Bankrate.com writes, "Amid an environment of tight inventory and stubbornly high mortgage rates, housing prices in the U.S. continue to rise ever higher. S&P CoreLogic’s latest Case-Shiller U.S. National Home Price NSA Index, released July 30, 2024, reports that annual home-price growth increased in May 2024 by 5.9 percent. That marks three consecutive months of hitting a new all-time high.

Case-Shiller Index still rising

In addition to the 5.9 percent overall increase, May numbers increased annually for both of Case-Shiller’s composite indices as well, with the 10-city index up 7.7 percent and the 20-city index up 6.8 percent.

“Our home price index has appreciated 4.1 percent year-to-date, the fastest start in two years,” said Brian D.…

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"Cost of permitting set to more than double in Travis County"

Community Impact reports, "Starting Sept. 1, the cost of development review fees—paid throughout the development permitting process—will increase 141%, after county staff received approval from Travis County Commissioners on July 23, affecting homeowners, business owners and developers alike.

The why?

In an effort to streamline the permit review process and increase transparency, staff members from the Travis County Department of Development Services have revamped the county’s website and examined the department's existing systems and performance.

The last time fees were increased was nearly a decade ago, in 2016, according to staff. Both small- and large-scale projects are subject to these fees, ranging from home renovations to subdivisions.

About the…

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"Buyers continue to hold out as rates stay put"

Real Estate News writes, "After a steady three-week decline, mortgage rates barely budged this week — and home sales have grounded to a halt as buyers wait to see what the Federal Reserve will do.

The 30-year fixed-rate mortgage averaged 6.78% this week, nearly unchanged from last week's 6.77% average, according to the latest Freddie Mac survey. The 15-year fixed-rate was also up slightly, to 6.07%.

Rates appear to be in a bit of a holding pattern ahead of next week's Federal Reserve meeting. The agency is not expected to cut interest rates at the July meeting but will likely signal whether cuts are coming soon.

Investors and analysts are expecting a September rate cut, but there's still a possibility that the Fed could disappoint and send…

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"Austin Named Nation’s Top Apartment Market"

Realty News Report shares, "Austin ranks as the top apartment market in the nation, according to a new study by Realtor.com.

San Antonio, located about 75 miles from Austin, also ranked near the top of the “Top 10 Markets for Renters” – a Realtor.com report naming metros that earned high praise for their rental affordability, availability of leasable units, economic growth projections and shorter than average commute times.

The survey says Austin, Oklahoma City, Okla., Birmingham, Ala. and San Antonio nabbed the top four places, respectively, in the overall rankings. The 10 top-tier communities – all located in the South and Midwest — placed highest in the nation for their encouraging rental and related attributes.

The capital of the Lone…

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"Tower on West Sixth Street nears completion"

Austin Business Journal shares, "Another West Sixth Street tower is approaching the finish line.

ATX Tower, formerly known as 321 West, will open in the fourth quarter this year after topping out in May, according to an announcement. The 58-story tower will add hundreds of apartments and a big chunk of office space to downtown, much like Sixth and Guadalupe, which opened earlier this year and is located across the street from it.

ATX Tower is being co-developed by Ryan Companies US Inc. and Tishman Speyer Properties LP, the latter of which came on board in 2021.

In total, ATX Tower, located at 321 W. Sixth St., is 425,000 square feet. Floors two through 11 are dedicated to parking. Floors 14 through 19 consist of more than 100,000 square feet…

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"Travis Club sells $90M in homesites, infrastructure construction underway"

Austin Business Journal writes, "A luxury housing development on the shores of Lake Travis has pulled in more than $90 million, all before a single home has been built.

At Travis Club, a sprawling 1,500-acre housing development being co-developed by California-based real estate developer Haas & Haynie Corp. and Austin-based real estate investment firm Castle Hill Partners Inc., about three-quarters of the homesites available in the project’s first phase have been sold, according to an announcement. And, with infrastructure construction is underway, phase two homesites will soon be available.

Travis Club, located near Briarcliff west of Austin, will feature 274 single-family lots and 223 villa units, listed between $800,000 and $3 million,…

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