Several economic experts got together this week with their forecast on how things will continue in Austin. The ABJ reported their comments as follows â€¦
â€śTim Hendricks, senior vice president of Cousins Properties and a veteran office developer, says he's never seen anything quite like the current dynamics.
Todd Mills, an investment broker with CBRE Group Inc., said he's smiling ear to ear every day. He just keeps closing deal after deal.
You might want to take a closer look at your listing's curb appeal: Upgrading a home's landscape from average to excellent can raise its overall value by 10 percent to 12 percent, according to research from Virginia Tech.
Researcher Alex X. Niemiera with the Department of Horticulture at Virginia Tech found that a $150,000 home with no landscaping could fetch an additional $8,300 to $19,000 by adding a landscape with color and large plants.
Do you recall all of the complaints of Austin not having enough Hotels to be a grown up city?!
It doesnâ€™t seem to be the case anymore as oodles of hotels have grown in the area and another huge one gets ready to break ground next week. The Fairmont Austin will have 1,066 rooms with four levels of underground parking totaling 1.4 million sf. At about 595 feet, the hotel will be the second tallest structure on downtown Austinâ€™s skyline, second only (currenty) to the 56-story, 680-foot Austonian residential tower.
Social Security is the largest source of retirement income for many retirees, but how far those checks will stretch depends on how much youâ€™ve earned in Social Security benefits as well as where you live.
For retired workers, the average Social Security benefit was $1,294 per month at the end of 2013, which equates for a couple to be about $31,056 in annual Social Security benefits (also adjusted for inflation).
Austin-Bergstrom International Airport has been given the go ahead to lay a concrete apron around the west wing of the ABIA terminal allowing planes to taxi and park. Once complete a more thorough terminal expansion can be addressed, possibly by 2017.
It wasnâ€™t long ago that one could walk freely through the terminal but now the airport is nearly maxed out at around 11 million passengers a year. The expansion would increase capacity by about 4 million passengers a year.
Austin's own House of Torment made Yahoo Travel's top 10 scariest haunted houses list. Yahoo and FANGORIA magazine officially unveiled their list of 2014's Scariest Haunted Houses and Attractions recently.
Austinâ€™s single family home prices hit a record; Home sales were up 10% over last year; Single family median prices were up 8% to $240K and Average price was up 7% to $308.5K during the same period, according to the latest MLS report from ABOR. US median price is currently around $210K. When I started my career as a Realtor back in 2007, Austinâ€™s median price was in the $160â€™s and the US median price was in the $220Kâ€™s.
Area-wide inventory is still very low at 2.8 months with several popular areas still well under 2 months!