Blogs

With crowds all atwitter, SXSW named "most loved" U.S. festival....

People love to talk, post and tweet about South By Southwest more than any other music festival in the U.S.

High-Tech Industry Bolstering Austin Office Space Demand

As we reported yesterday, the city’s booming technology industry has been a force on keeping unemplyment below the national average. It also will be the driving force behind advancing office fundamentals through the remainder of this year, reports Marcus & Millichap in its third-quarter 2014 office market overview.

Several soft-tech companies, including Websense, Dropbox, Metacloud and Box will create hundreds of jobs over the next several years, the firm said.

Tech sector continues to fuel Austin's growth....

The technology sector is fueling Austin’s rapid growth and it’s projected to continue to do so, according to a Tuesday report by Wells Fargo Securities LLC.

The 12-page Texas Economic Outlook cites broad-based economic growth in Austin and a 4.1 percent unemployment rate. Although professional and business services coupled with leisure and hospitality are local strengths, it’s the tech sector that remains the major economic driver, the report states.

Looking for Something to do in September?

Here are some events and activities going on in the Austin area during September. Get out there and enjoy some of what Austin has to offer!

Aretha Franklin
September 3rd
ACL Live (acl-live.com)

Brad Paisley
September 4th
360 Amphitheater (austin360amphitheater.com)

NeedToBreathe
September 4th
Austin Music Hall (musichallaustin.com)

Henry V
September 4th to 14th
The Long Center (thelongcenter.org)

CentroAmericanto Fest

Study: Friendly Neighborhoods Reduce Risk of Heart Attack

Knowing your neighbors may be good for your heart — and not just emotionally — according to a new study by psychologists at the University of Michigan. The more social connections you have in your neighborhood, the less likely you are to die from a heart attack, according to the study, which was published in the Journal of Epidemiology and Community Health.

Texas economic activity improved in June....

The Texas Economic Activity Index grew 1.1 percentage points in June, according to Comerica Bank.

The index’s June reading of 111.9 is 40 points, or 56 percent, above the index cyclical low of 71.7. The index averaged 105 points for all of 2013, three points above the average for 2012.

Neighborhood associations weigh in on urban rail debate....

Be it a moped or a car, driving is the lifestyle for most in Austin. "My first thought was always, 'Where am I going to park?' and, now it's, 'What's the best route for me?,'" said Meredith Powell, vice chair of the downtown Austin Neighborhood Association or DANA.

That lifestyle of driving has changed for Meredith Powell, who lives downtown and does most of her commuting by foot these days.

Steps Government Can Take to Spur Home Buying

We at Select Austin Real Estate are big fans of Dr Mark Dotzour at the Real Estate Center at Texas A&M and when he speaks, we listen. He recently identified four steps the U.S. government can take to encourage more home buying. We thought it would be interesting to read through.

"First, the regulatory body writing the Dodd-Frank rules can hurry up and complete their task," said Dotzour. "They are way overdue. The uncertainty this creates causes lenders to be risk averse, especially toward mortgage borrowers."

As prices rise, Austin's million-dollar-plus homes take longer to sell....

Luxury homes in Austin priced above $1 million are staying on the market longer but more are selling at higher prices than a year ago. That’s the assessment of Jonathan Boatwright, co-founder of Realty Austin, who is known for his data crunching.

Smart Homes Draw Security Concerns

As homes get more connected to technology, security researchers are sounding the alarm on the vulnerabilities smart homes may pose.

The home automation market is expected to soar to $16.4 billion by 2019. But with that surging growth, researchers are asking for more attention to be drawn to the security of these devices to make sure they don't reveal too much about home owners should they fall into the wrong hands.

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