Found 549 blog entries tagged as austin.

Renderings from February 2025 show a view of what the core of The District in Round Rock could look like. MARK IV CAPITAL

Austin Business Journal shares, "It's been nearly six years to the day since The District in Round Rock was first approved north of Austin. But after years of tweaking and widening the design of the $500 million-plus mixed-use project across from Dell Technologies Inc.'s headquarters, construction is finally about to begin.

Stakeholders in March will hold a groundbreaking for the 66-acre project near I-35 and State Highway 45 Toll Road. It's a notable milestone for a project that was first brought to the Round Rock City Council in 2017 by California-based Mark IV Capital, was first approved for a development agreement in 2019, and has been moving back through the design, planning and incentives process over the last several years.

The District…

10 Views, 0 Comments

Austin Business Journal reports, "Every year we ask local Realtors to give us their statistics — number of homes sold, dollar volume, most expensive sold home and more — so we can rank them for ABJ's annual Residential Real Estate Awards luncheon.

The numbers have been crunched and the winners have been identified. Some of them competed solo, others banded together in teams. Some made the list by selling several homes a week. Others made the cut because they sold only a few, but they were mega-mansions.

Use this list if you're a homebuyer or seller trying to navigate this toughening housing market. Do you run a company that's recruiting a lot of people from out of town? Perhaps your business' go-to Realtor is in here so you can offer yet another…

9 Views, 0 Comments

Austin Photo by Josh Olalde on Unsplash

CultureMap Austin shares, "A new rental report has revealed Texas is leading the nation with the highest single-family home rental construction growth, and Austin is among the top 10 U.S. metros building the most new homes for rent.

The analysis from rental listings website Point2Homes examined construction rates and building permit data for single-family homes that are "located in build-to-rent, professionally managed communities" across America. For the purpose of the study, build-to-rent communities are defined as those where a majority of homes eitherdon't share any walls with each other, or so have some shared walls but do not have neighbors above or below, or have a direct-access garage.

According to the report's findings, Austin's rental…

15 Views, 0 Comments

Rising development costs could slow the amount of affordable housing coming to Austin. PHOTOVS

Austin Business Journal reports, "Austin is expected to deliver more affordable multifamily housing units than anywhere else in the country in 2025, and it still may not be enough.

With housing affordability a major issue both in Austin and across the country, 2025 is expected to see 78,377 affordable multifamily housing units delivered nationally, with 3,452 units in Austin alone, according to a new report from Yardi Matrix. Los Angeles is expected to deliver the second-most affordable units this year, at 2,752.

Even with nation-leading construction, however, worries persist that Austin still won't have enough. In addition, rising development costs and other issues could reduce the number of new units in coming years.

Affordable multifamily…

27 Views, 0 Comments

Redfin.com writes, "Nationwide, the median asking rent was little changed from a year earlier, down 0.1% to $1,599. But rents may inch up if demand outstrips supply in a big way, which is feasible because apartment construction is slowing and high homebuying costs are fueling renter demand.

The median U.S. asking rent was $1,599 in January, little changed (-0.1%) from a year earlier and up 0.5% from a month earlier.

The median asking rent per square foot fell 1.5% year over year to $1.80 and rose 0.8% month over month. 

Rents are stabilizing because the number of available apartments is in sync with the number of people who want to rent those apartments. Asking rents skyrocketed during the pandemic moving frenzy because there weren’t enough…

18 Views, 0 Comments

Realtor.com is making its 60,000-square-foot office at 901 E. Sixth St. in East Austin its new corporate headquarters. ARNOLD WELLS / ABJ

Austin Business Journal writes, "Count Realtor.com as the latest California company to name Austin its new corporate headquarters.

The real estate platform, which already has an Austin office at 901 E. Sixth St. and employs 400 people here, is making the city its official headquarters instead of its previous home base of Santa Clara, Calif., according to an announcement. The move appears to be mainly a change of letterhead for the time being, but CEO Damian Eales said the company expects to add hundreds of new hires in Austin over the coming years, with many likely to be recruited locally.

The company will maintain its presence in New York and Scottsdale, Arizona, but will be closing its offices in Santa Clara and Chicago.

Austin's central…

41 Views, 0 Comments

Housing experts foresee predictable mortgage rates, a steady supply of inventory, and consistent sales trends in Austin’s future.  Photo by ATXtoday

ATX Today writes, "Predictable, steady, opportunity. Those are the words Unlock MLS Housing Economist Dr. Clare Knapp used to describe Austin’s housing market this year at the Austin Board of Realtors Headquarters today.

If you’re looking to buy or sell a home in the Capital City in 2025, here’s what to expect. 

1. Predictable mortgage rates

Knapp said mortgage rates will likely stay in the 6% range during the first half of the year and might dip into the 5% range later in 2025.

2. Consistent home prices + sales

Active listings in Austin were up by nearly 15% in 2024, and Knapp said healthy inventory is expected to carry over into 2025. Home sales and prices will probably remain flat, but Knapp emphasized that prospects may still be…

49 Views, 0 Comments

The new development is designed to move the conversation about affordable housing from renting to owning. Rendering courtesy of Mark Odom Studio via KVUE

CultureMap Austi shares, "Applications are now open for a new affordable townhome community in South Austin slated to be completed in March.

The development, called Industry Soma, is located near William Cannon Drive and South Menchaca Road, at 1905 Keilbar Ln.

The 23 townhomes are a collaboration between developer Industry ATX and the Austin Housing Finance Corporation. Prices will range from $235,000 to $270,000, with the goal of providing the opportunity for homeownership and attracting and retaining families with generational ties to the neighborhood.

“We are grateful to support a townhome community that will provide prospective buyers with an affordable option for homeownership. Affordable home ownership is important to Austinites, helps…

28 Views, 0 Comments

The Austin skyline in October. DAVE CREANEY

Austin Business Journal writes, "When asked to sum up 2024, local economic leaders use labels like "solid," a "continuation," and "bright" — healthy, in other words, but not necessarily stellar.

That's because it was a mixed bag, with Austin continuing to search for equilibrium after huge wins in recent years, such as the successful courting of Samsung Electronics Co. Ltd. to Taylor and Tesla Inc. to eastern Travis County.

Central Texas has long been a hotbed for relocations and expansions, starting largely with IBM Corp. coming to town in the 1960s, and continuing with big steps like Samsung picking Austin for a factory in the 1990s. The trend picked up steam and hit a fever pitch during the pandemic, with companies such as Oracle Corp. and…

31 Views, 0 Comments

A sign outside REVL Apartments in late January. DAVE CREANEY

Austin Business Journal reports, "Austin’s multifamily market is oversupplied again, and with the switch in cycles come deals for renters.

The area has seen a steady drop in rental prices through recent months, with the median rent at the end of 2024 about 5% lower than at the end of 2023. The drop comes after the pandemic supercharged both Austin’s growth and cost of housing as many people relocated to the city for its warm weather and quality of life — which when paired with historically low interest rates encouraged a building boom in the area.

“The market was so good in 2021 and 2022 you saw record rent growth, over 20% rent growth,” said Patton Jones, vice chairman of Newmark’s Central Texas office, who oversees the firm’s multifamily…

251 Views, 0 Comments