Luxe Austin Homes - city

"CLD Realty proposes $8M retail complex in Austin ’burb"

TheRealDeal writes, "a retail center serving two master-planned communities is on the way in the Austin suburb of Buda.

CLD Realty has proposed building seven one-story buildings with retail and restaurant space on a 5.7-acre site at 2260 Main Street, the Austin Business Journal reported. Dubbed Corner on Main, the development is currently under review by the City of Buda.

The 48,000-square-foot complex would cost about $8 million, and construction is scheduled to begin in March next year.

“We are looking for neighborhood services that seek to take advantage of the tremendous growth in east Buda and the Sunfield community, Ryder Jeanes with CLD Realty, told the outlet in an email. He said the firm will consider tenants like restaurants and…

395 Views, 0 Comments

"The 38 Essential Restaurants in Austin"

"Austin’s Eater 38 aims to provide a restaurant recommendation for any situation. This list covers the entire city, spanning numerous cuisines and budgets, and collectively satisfies every restaurant need, from taco trucks to finer dining spots. These are the restaurants and food trucks that truly define Austin."

Eater Guide: Austin’s Eater 38

Source: Eater Austin

Written by: Nadia Chaudhury

652 Views, 0 Comments

"46K new housing units possible on unlocked Austin land — but zoning change doesn't go far enough, builder says"

Austin Business Journal reports, "builders in Austin can now take advantage of a change in city code that will allow for the development of residential properties on land zoned for commercial use.

The change to the land development code, which Austin City Council approved on Dec. 2, carries major implications for real estate firms, significantly expanding the market for development. It also represents another avenue for cutting into Austin's housing shortage: city staffers previously estimated this decision could allow for the creation of 46,324 new homes.

Developers will still need to apply to build residential projects in commercial areas and will have to meet certain criteria, including around affordability. The change incentivizes the…

412 Views, 0 Comments

"The 10 best cities for finding a hybrid job that pays $100,000 or more―they’re not all on the coasts"

CNBC writes, "even as more workers report to an office than did a year ago, hybrid work that allows them to work from home at least part of the time remains the dominant trend.

More than half of people with remote-capable jobs expect to work in a hybrid arrangement by the end of the year, according to Gallup, and online searches for hybrid jobs are up by 130% in the last year, according to IT-recruiting firm Frank Recruitment Group.

As far as being able to work from home, at least some of the time, and commanding high pay goes, several major tech hubs still lead the way. More than a quarter of hybrid jobs in San Francisco and Seattle pay more than $100,000 per year, according to a report from SimpleTexting, a text message marketing service.

…

567 Views, 0 Comments

"Q&A: Real estate developer discusses opportunities for urban infill investments"

Austin Business Journal reports, "many of the country’s fastest-growing cities have certain commonalities that make them magnets for population migration. Job opportunities, a rich culture and access to outdoor activities are a few of the reasons people are drawn to places like Austin, Dallas, Seattle and Denver.

What these places also have in common is a lack of housing stock to accommodate the thousands of people who move there each year. While housing developers often eye large tracts of land outside of cities where they can build hundreds of homes, suburban sprawl is taking a toll on the U.S. economy. And the cost of public infrastructure maintenance is weighing on depopulating towns across the country.

StoryBuilt is taking a different…

457 Views, 0 Comments

"Austin is a millennial magnet, with tens of thousands moving here last year"

Austin Business Journal writes, "Austin's millennial population grew more than any other city in the nation last year, according to data collected by personal finance website SmartAsset.

The findings, released Oct. 27, suggest that the city’s strong economy and standard of living continue to attract huge numbers of people at the height of working age.

However, other studies indicate the dramatic rise in the cost of living in the city and its shortage of housing continue to impede first-time homebuyers, many of whom are millennials.

Nearly 24,000 millennials — those born from the early 1980s to the mid-1990s — moved to Austin in 2021, according to SmartAsset.

That compared with the more than 13,400 that left, according to SmartAsset's…

428 Views, 0 Comments

"10 Reasons Why Austin, Texas Is The Hottest Real Estate Market In The United States Right Now"

Times Square Chronicles writes, "Austin, Texas is one of the fastest growing cities in the United States. With more people flocking to Texas from many parts of the country, the city’s real estate market is amongst the hottest in the country right now. We’ll take a look at ten reasons why.

Teifke Real Estate announced that median home values are expected to rise in the middle of next year. Rental rates are also expected to rise as well. Let’s take a look now at the list of ten reasons why Austin is the hottest real estate market (and you should jump in now).

1.   THE TECH INDUSTRY IS PLANTING ITS STAKE HERE

Some of the most popular tech companies like Apple and Tesla are making their presence known here in the Austin area. It’s becoming a…

530 Views, 0 Comments

"15 Austin ZIP codes now dominated by renters not homeowners"

Austin Business Journal writes, "if you live in either the 78727 or 78744 ZIP code, odds are you’re renting.

That's according to an Oct. 24 study from RentCafe, which found that from 2010 to 2020, those two ZIPs transitioned from having a majority of homeowners to a majority of renters. There are now 15 ZIP codes in the Austin area with renting majorities, signifying how the evolution of Austin into a big city is changing its economic makeup.

North Austin’s 78727, which eats up a large part of town north of The Domain neighborhood, had a population consisting of about 51% renters in 2020. Its 2020 renter population of 16,285 was a 21% jump from the 13,413 who called the ZIP code home in 2011, RentCafe found. The rental search platform used data…

463 Views, 0 Comments

"Austin's economy among fastest-growing in the U.S., new report finds"

Austin American-Statesman writes, "Austin's boom is far from over, as a new report says the metro area has the second-fastest-growing economy in the country.

Austin's estimated regional gross domestic product — the total value of goods and services produced in one year — increased by 4.3% this year, second only to San Francisco's growth at 4.8%, according to the Kenan Institute of Private Enterprise at the University of North Carolina.

The report is the institute's first as a part of its American Growth Project, which aims to provide "up-to-the-minute" economic data for the microeconomies of towns, cities and counties across the country.

Hoping to help government officials and community leaders understand real-time industry trends, forecasts…

451 Views, 0 Comments

"Austin homebuyers regain power as active listings reach decade-plus high"

Austin Business Journal reports, "there's more evidence that Austin's housing market is correcting itself after years of overheating.

The Austin Board of Realtors'latest housing market datafound that September saw 9,671 active listings on the market — the most since 9,909 in July 2011 — and total inventory hit 3.1 months for the first time since July 2017. Median home sales prices also dropped more than $25,000 from August, helping the city push back on what's widely considered the biggest threat to the economy: affordability.

Though 3.1 months of inventory isn’t enough to transform Austin into a buyer’s market, there are winds of change.

“Homebuyers have not had this much leverage and this many options in over a decade,” ABOR President Cord…

444 Views, 0 Comments