Luxe Austin Homes - residents

"Austin metro tops 2.5M residents"

Austin Business Journal shares, "The Austin metro gained an average of about 159 people a day from 2023 to 2024. While that may sound like a lot, it's down slightly from a growth rate of 171 a day during the previous 12-month period.

According to new figures from the U.S. Census Bureau, the metro's population climbed by about 2.3% from July 2023 to July 2024, an addition of 58,019 people that brings its total to 2.55 million — the first time it has topped the 2.5 million mark. That factors in everything including people who move here, babies born here and deaths.

At 2.3% growth, that's a slight decline from the 2.6% clocked in the previous 12-month period, when the metro — which consists of Travis, Williamson, Bastrop, Hays and Caldwell counties…

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"Santa Rita Ranch once again among top-selling neighborhoods in US"

Austin Business Journal reports, "For the fifth-straight year, Liberty Hill’s Santa Rita Ranch is the top-selling master-planned community in the Austin metro, and it's also in the top 20 nationally.

The sprawling neighborhood claimed the metro's title despite an overall drop in home sales compared to 2023, according to Robert Charles Lesser & Co.’s 2024 list of the best-selling master-planned communities in the nation. It came in at No. 18 nationally, with no other community in the Austin metro in the top 50.

Overall, 644 homes were sold in Santa Rita Ranch in 2024, compared to 742 in 2023, a 13% drop. In Texas, communities in Katy, Cypress, Aubrey and New Caney ranked higher on the national list.

“It was a busy year in Santa Rita Ranch,”…

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"New affordable housing complex in Austin has rentals starting at $600"

CultureMap Austin shares, "A new affordable housing complex is now open in South Austin.

Parker Lane Apartments officially opened on the morning of Saturday, November 16, and is now accepting applications.

Nonprofit Foundation Communities said its goal is to bring more affordable housing for families to the city.

Rent prices start as low as $600 and are income-based. On top of an affordable apartment, the community also offers sustainable green features and on-site services such as a healthy food pantry and a no-cost learning center for after-school and summer programs.

"The on-site learning center is primarily for residents but also open to the public. It is a no-cost service to residents that will take away the pressure and the stress…

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"Buyer Bargains: Here Are the 10 U.S. Cities Where Home Prices Are Dropping the Most Right Now"

According to realtor.com, "The inconceivable is happening. After two-plus years of unimaginable and seemingly inexorable growth, home prices are falling from their heady peaks over the summer.

The reason: Higher mortgage interest rates have thinned out the ranks of buyers who can still qualify for a home loan and sharply reduced the price of the homes the remaining few in the market can afford. Gone are most of the frenzied bidding wars and six-figure offers over the asking prices. Homes are now sitting on the market longer, inventory is piling up, and sellers—at least in some markets—are cutting prices.

Ironically enough, they tend to be the areas that fully dominated the real estate market during the COVID-19 pandemic, with big influxes of new…

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Something big is happening in bubbly housing markets

Even before the lockdowns were eased, white-collar professionals who saw their jobs go remote were ditching their apartments in places like Seattle and New York City for homes in markets like Austin, Boise, and Las Vegas. That rush of homebuyer activity, of course, saw home prices absolutely skyrocket in those markets. In Las Vegas alone, the Pandemic Housing Boom pushed home prices up 49%.

That boom is over now.

Across the country, housing markets are cooling down. Home sales are falling. Multiple offers are drying up. Homebuilders are scaling back and offering buyer incentives. But every aspect of the cooldown is more intense in markets like Boise and Austin. Simply put: Pandemic boomtowns are getting hit the hardest by the Pandemic Housing…

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