Luxe Austin Homes - tech

"What is Austin, TX Known For? 10 Things to Love About This City"

Redfin.com writes, "Austin, TX is a city that defies expectations and embraces its own distinct identity. From its vibrant music scene to its eclectic food culture, Austin is a melting pot of creativity and innovation. As you wander through its streets, you’ll discover why it’s considered one of the best places to live in Texas. If this sounds like somewhere you might want to live, read on to find out what else Austin is known for.

1. Live music scene

Austin is celebrated as the “Live Music Capital of the World.” This title is supported by the city’s flourishing music scene, boasting over 250 live music venues. Iconic venues such as the Continental Club and Antone’s host performances nightly. Additionally, the city’s annual music…

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"Austin Is The New Austin"

National Mortgage Professional writes, "there’s no such thing as a perfect housing market, but Austin is trying to check off all the boxes for would-be buyers. Young and savvy tech professionals are flocking to the funky metro known for its music scene to scoop up jobs and take the plunge into homeownership.

Since Austin is attracting new buyers and transforming long-term renters into prospective homeowners, LOs aren’t having trouble wrangling customers to buy loans. And it helps that 25.8% of homes in Austin have lower estimated monthly housing payments than they would have if they had been for sale a year ago, according to Redfin. Year-to-date home sales price data from the Austin Board of Realtors show a 12.6% decline in the median price for…

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"Wildhorn Capital aims to develop 2,000-plus apartments off East Riverside"

Austin Business Journal shares, "Austin-based real estate investment firm Wildhorn Capital LLC is moving forward with plans to redevelop hundreds of South Austin apartments. It could quadruple the number of residences on the site, potentially bringing more change to a busy pocket of the city and ramping up the debate over affordable housing.

The company wants City Hall to rezone the 530 units at 2207 Wickersham Lane and 2239 Cromwell Circle, which appear to be complexes called Hillside Villas and The Patten, and raise the site's building height limit from 40 feet to as high as 120 feet. The change would clear the way for the boutique investment firm to create 2,100 apartments in an area close to downtown, Austin-Bergstrom International Airport and…

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"The Supertalls Are Coming to Austin"

Bloomberg.com writes, "the city of Austin is building up, and its once-modest skyline is getting weird.

Due in 2026 is a mixed-use high-rise called Waterline, designed by the New York firm Kohn Pedersen Fox. At 1,022 feet, the building qualifies as a “supertall,” one of just a handful of these spectacular skyscrapers in the US outside Chicago or New York City. When it’s finished, the project will rank as the tallest building in Texas. Designed like a stack of several different buildings, Waterline will stand out on a skyline that’s growing up faster than almost any other nationwide.

But it won’t stand alone. Groundbreaking is due this year on an even-taller supertall, the Wilson Tower. Wrapped in a dusky golden brise-soleil running the length of…

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"Apple to build even more at Austin campus"

Austin Business Journal reports, "the second phase of construction at Apple Inc.’s Northwest Austin campus shows no sign of slowing down as the tech titan files to raise yet another building on the property.

It's welcome news for a city — and real estate sector — that has been put at risk by big tech employers lately as recession fears loom and the work-from-home model prevails. Facebook (Nasdaq: META) is slimming down in Austin, backing out of space it was to take in Austin's next tallest skyscraper. News of coming layoffs at Amazon.com Inc. (Nasdaq: AMZN) and Google Inc. (Nasdaq: GOOG) has left many real estate pros on pins and needles.

But Apple (Nasdaq: AAPL) appears to be bucking that trend. Executives did not respond to requests for…

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"Compass shares soar 90% around earnings report"

TheRealDeal writes, "Compass shares climbed to a nearly three-month high Friday after an earnings report revealed mounting losses but gains in market share and progress in its cost-cutting efforts.

The run-up began Thursday, before earnings were released at the market close. The share price gained 32 percent that day, then another 73 percent in the first hour of trading Friday before retreating a bit.

The brokerage’s stock was hovering around $3.50 at midday, up nearly 50 percent since markets opened Friday morning and 90 percent from Wednesday afternoon, when it fell to an all-time low of $1.85.

The iShares U.S. Real Estate ETF, an index that tracks the broader real estate sector, stood at $88.04 per share, up 7.2 percent from Wednesday…

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"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…

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"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…

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