The job market keeps on percolating in the US and even more so in Central Texas. Among those adding substantially to their current staff is the Austin based job-listing company, Indeed, which aggregates job listings from thousands of online posts. 300 more positions ear-marked for them.
As cranes dot the Austin skyline, the sounds of hammering and drilling fill the air. It's obvious, even to visitors, Austin is growing up, and four new buildings will soon replace those cranes as skyline staples.
"Gosh, you guys have cranes everywhere," said Glen Carter, who visits Austin often. "I mean it's crazy how these buildings are all going up. I think it's really exciting for your city."
Four plots of land on the corners of San Antonio and Second Streets at the site of the former Green Water Treatment Plant will soon be the home of four high rises.
Austin landlords have filed a suit to block the new source of income requirements that landlords who own more than 4 rental units must abide by. With the rule change the city of Austin mandate that housing assistance vouchers, otherwise known as Section 8, be treated the same as cash. Currently, landlords can choose not to accept the vouchers.
The Austin Apartment Association, who filed the suit, argues that the ordinance could cause rents to rise through a series of â€śunintended consequencesâ€ť.
Big investors are gradually stepping away from many housing markets, as distressed homes start to dry up. But another type of investor is stepping in to fill their shoes. The number of home sales to investors rose in October, but a closer look at many markets shows a different investor picture forming.
An exciting final Council Meeting before the new Council structure comes into effect in the New Year. Some of the subjects included â€¦
- New Austin Energy generation plan calling for 55% renewable energy source by 2025; 600 MW of solar capacity and reduced energy demand goals.
- Evaluation of a proposal that the city automatically reviews any in place incentive agreements with a company that protests to soften its property tax appraisals significantly.
Renters need to brace themselves: Apartment rent is expected to continue to outpace inflation next year. Itâ€™s a landlordâ€™s market, which means strong demand continues to give landlords justification to hike rents.
Rent growth will likely reach 3.9 percent in 2015, only a slight dip from 4 percent this year, according to a recent forecast released by the National Association of REALTORSÂ®. For at least two more years, vacancy rates for rental apartments are expected to remain low.
Austin Bergstrom International Airport is starting to become a true International Airport. It was only a year ago that Austin had a few flights to Mexico. Today they have a regular schedule direct to London, with British Airways, and starting in May Toronto-Pearson is the next expansion with Air Canada Express.
For details about the flights check out ... http://www.bizjournals.com/austin/news/2014/12/09/nonstop-flight-to-cana...