Luxe Austin Homes - texas

"Forbes declares these Texas schools new Ivy Leagues"

AUSTIN (KXAN) — "New reporting from Forbes published last week outlines a host of college campuses employers are turning to instead of Ivy League institutions — including two in Texas.

The University of Texas at Austin and Rice University joined the rankings of new public and private school elites which are “attracting the smartest students and plaudits from employers.”

Forbes’ researchers said the evaluation came as the traditional Ivy League institutions have “faced a barrage of complaints in recent years” related to admissions policies, grade inflations at several elite schools and university officials’ responses to on-campus protests regarding the Israel-Hamas War.

For Forbes’ methodology, researchers removed the eight classic Ivy League…

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"The California-to-Texas migration pattern still holds, according to report"

Austin Business Journal reports, "The Lone Star State continues to be a magnet for people moving out of California.

According to Texas Realtors, a professional organization for the state's real estate industry, the number of relocations from California to Texas surpassed any other state-to-state relocations in the country. The group's 2024 Relocation Report is based on U.S. Census data from 2022.

An estimated 102,000 Californians moved to Texas that year, the report shows. In addition, more than 41,000 Floridians moved to Texas, as did 30,000 New Yorkers. Illinois, Louisiana, Colorado, and Oklahoma each saw roughly 25,000 of their residents move to Texas in 2022.

In total, about 668,000 people moved to the Lone Star State from other states in…

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"Austin nests on Zillow list of best cities for first-time homebuyers"

Culturemap Austin shares, "It's not easy to buy a home anywhere, but folks in Austin are doing way better than average, according to Zillow. Texas' capital ranked No. 5 among the top 10 U.S. cities for buying a first home.

In 2023, new homebuyers occupied the largest slice of the market since the report started in 2018, making up about half of all buyers. The demographic was only 37 percent in 2021. It cites the "rate lock" effect for keeping "repeat buyers" from moving on too quickly and abandoning their lower mortgage rates. Hopefully strength in numbers gives newcomers a little more power against flippers and developers.

The new Zillow report further helps follow purchasing power, identifying places with a larger selection of homes and more…

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"Austin is raking in millionaires — here's the latest tally"

Austin Business Journal shares, "Austin’s millionaire population has grown by 110% over the past decade.

London-based investment consultancy Henley & Partners has determined that roughly 32,700 millionaires now call Austin home, rising from about 15,500 in 2013.

The Texas capital has seen the largest leap in wealth than any other city in the nation, according to the company's 2024 USA Wealth Report that relied on data from New World Wealth, a global wealth intelligence firm based in South Africa.

Henley & Partners found Austin, which ranked 10th in its total population of millionaires, is home to 92 centi-millionaires — people with a net worth of more than $100 million. That would include billionaires such as Tesla Inc. CEO Elon Musk and Dell…

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"Builders expect home prices, construction to increase in 2024"

Austin Business Journal shares, "Homebuilders around Texas are optimistic that new home prices will ramp up in 2024 and that construction rates will grow as well.

Zonda analyst Bryan Glasshagel presented the company's findings for the final quarter of 2023 at the housing data firm's quarterly event on March 20.

The company surveyed homebuilder division presidents around Texas, 64% of whom expect home prices to increase between 1% to 5% this year. A majority of the respondents are also anticipating increased activity in 2024, with 75% of builders surveyed expecting starts to increase an average 10% this year.

"Consumer confidence is still driving builder activity," Glasshagel told the crowd that was gathered at the Greater San Antonio Builders…

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"Suburbs are the stars of the 'Austin' population boom"

Austin Business Journal writes, "About eight out of every 10 people added to the Austin metro during a recent 12-month period settled outside of Travis County — which roughly mirrors the Austin city limits. Travis County added an estimated 7,400 new residents in the second half of 2022 and the first half of 2023, which is not far off of what Oklahoma City can expect for annual population growth these days.

It's perhaps a sobering comparison for many Austinites and especially Texas Longhorn fans, but a deeper dig into the latest U.S. Census Bureau data reveals what may be a more disturbing fact: More people are moving away from Travis County than to it. If it wasn't for babies, Travis County would be shrinking.

Travis was the only county in the…

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"State of the housing market: new listings are up, prices are stable"

ATX Today writes, "In a word, the Austin housing market is looking fairly stable for both buyers and sellers, according to the Austin Board of Realtors’ February Market Statistics report. 

Let’s dive into some statistical highlights from last month."

City of Austin

• Sales rose by 3% compared to February 2023.
  
  • About 200 more homes sold in February 2024 than January 2024.
• The median sale price is $543,200, about $15,000 less than February 2023. However, that’s ~$8,700 more than January 2024.
• New listings increased by 41.7% compared to this time last year.

Austin-Round Rock-Georgetown metropolitan area

• The median sale price in February was $443,065, which is ~$13,000 more than January 2024 but ~$6,000 higher than…

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"Ashton Gray's project pipeline brims with Austin-area housing developments"

Austin Business Journal reports, "the company behind Elgin’s Briarwood mixed-use development has big plans for other parts of the Austin metro.

Houston-based Ashton Gray Development recently gained approval from the Elgin City Council to annex 75 acres into Briarwood, a housing development and the city's first municipal utility district. With a pipeline that ranges from Jarrell to Lockhart and stops in between, however, that's only the tip of the iceberg for Ashton Gray, which is aiming to bring more than 5,300 single-family homes to the region, plus apartments and commercial projects.

“We started acquiring land in Austin several years ago,” said Shaun Vembutty, Ashton Gray founder and president. “This was even before some of the buying frenzy…

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"Retired NFL Star Derrick Johnson Puts His Lone Star State Home on the Market for $4 Million"

Robb Report shares, "Former Texas Longhorn and Kansas City Chief linebacker Derrick Johnson—known to his many fans simply as “DJ”—has officially hoisted his swanky estate in Austin’s exclusive Spanish Oaks gated community up for sale.

The founder and president of the Defend the Dream Foundation, which serves low-income and inner-city youth, acquired the modern residence back in 2018. Now, six years later, the place has returned to the market with a nearly $4 million ask.

Custom-built by Olson Defendorf in 2015, and designed by Geschke Group Architecture, the creamy stucco and brick structure features five bedrooms and five bathrooms in a little more than 5,400 square feet of multi-level living space boasting an office wing, a gym, movie theater…

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"Austin's housing market is off to a strong start in 2024, says report"

Culturemap Austin shares, "homebuyers and sellers are starting to feel optimistic about the Austin-area housing market, according to a new report by the Austin Board of Realtors.

According to the latest analysis by Unlock MLS, which provides real estate data across the Austin-Round Rock-Georgetown metropolitan statistical area (MSA), bothpending and closed sales increased slightly in January compared to the previous year. 1,667 homes were sold last month, up 4.3 percent; There were also 2,480 pending sales, up 3.8 percent.

Median prices in the MSA dipped slightly year-over-year to $430,000. Unlock MLS and ABoR housing economist Clare Losey, Ph.D., shared that the recent decline in mortgage rates has allowed for lower home prices heading into…

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