Blogs

5 Issues That Will Impact Real Estate

Demographic shifts from retiring baby boomers and the increase of millennials buying homes will have the most profound impact on the real estate industry in the coming years, according to a new survey of real estate professionals from the Counselors of Real Estate. CRE's survey identifies the issues that will have the most significant impact on real estate near and long-term.

Watering your lawn once a week could be a permanent restriction in Austin...

Watering your lawn one day a week might become the norm for Austin neighbors

Amenities That Jack Up Sales Prices

Americans will dig deeper in their pockets and shell out more cash to live near top-notch schools and in safer neighborhoods with access to retail and "artificial amenities," according to a new study published in the Journal of Urban Economics. In analyzing 2,000 neighborhoods across the country, researchers found that home buyers are willing to potentially spend thousands of extra dollars for these amenities.

Austin Housing Numbers Head Higher!

Last month you could almost hear the whispers about maybe the Austin housing market was starting to slow,a little, when number of sales actually dropped 2% from May of 2014. Unfortunately for home-buyers ... ‘Fraid not!

The June numbers are out with year-over-year median prices up 8% at $272,500 along with Austin having its first $1B+ month of sales. Sales volume were also up 5% over the same period.

Study: Speedy Internet Boosts Home Values

Broadband has become a home shopper's must-have. In fact, the speed of Internet service is even having an influence on American's biggest purchase: Their homes, The Wall Street Journal reports.

Fiber-optic connections -- the fastest type of high speed Internet available -- can add $5,437 to the price of a $175,000 home. That equates to what a fireplace would add in value or half the value of a bathroom, according to a newly released study by researchers at the University of Colorado and Carnegie Mellon University.

Permit backlog causes delay for Lakeway homeowners....

Hundreds of people in Lakeway are waiting to make repairs or additions to their homes. But due to permit backlog, they can't.

Many residents there are eager to repair roofs that were damaged in the April storms. The severe weather resulted in 1,400 permit requests.

"Hundreds and hundreds of residents were affected, and they went through contractors and the contractors started to line up and want to process the permits," said Devin Monk, communications coordinator for the City of Lakeway. "And it just happened to be at the worst time possible."

Austin Bergstrom International Airport Coming Of Age!

Remember when the “International” part of Austin Bergstrom International Airport consisted of the occasional flight to Mexico?! “International” was factually correct but it was a little bit of a stretch.

Then came British Airways and their direct flight to London which made “International” a bit more substantial and now, starting in 2017, Condor Airlines are going to implement direct flights to Frankfurt, Germany.

I think ABIA is now coming of age! For more details (and flight times) check out …

Freddie: Rising Rents Won't Push Home Buyers

The majority of renters say they're staying put despite rising rents, according to a new survey by Freddie Mac of more than 2,000 adults about their perceptions on renting.

General Motors buys huge building in North Austin

General Motors (NYSE: GM) has purchased a large office building in Austin to expand its IT Innovation Center — a business division the automaker created in 2012 to bring its IT functions back in house. Currently, there are four GM Innovation Centers across the country — in Michigan, Georgia, Arizona and here in Austin.

The purchase of the 302,604-square-foot building at 13201 McCallen Pass was announced by the seller, Karlin Real Estate based in Los Angeles. The price was not disclosed.

GM representatives were unavailable for comment.

California Gives Austin A Special Lift!

Not your normal tech company move but one that will continue to support Austin’s growing economy.

Fashion Forms, a specialty bra and accessories company that holds 14 patents and trademarks for its designs, including the "Original Water Push Up Bra."

The NW area will be the company's Austin home and hopefully provide the right foundation for future profitability.

http://www.bizjournals.com/austin/blog/real-estate/2015/07/california-br...