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June 2016

Found 23 blog entries for June 2016.

Looking for Something to do in Austin in July?

Here is a good list for you to use as a guide for activities over the next month!

A Midsummer Night's Dream
Currently through July 17
City Theatre

Georgetown Music on the Square Concert Series
Currently through August 26
Downtown Georgetown

Austin Symphony Orchestra Concerts in the Park
Currently through August 28
The Long Center City Terrace

Fourth of July Fireworks & Symphony
July 4
Auditorium Shores

Willie Nelson's 4th of July Picnic
July 4
Austin 360 Amphitheater

Twenty One Pilots
July 6
Austin 360 Amphitheater

Discover the Dinosaurs
July 8 through 10

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After numerous discussions, the Austin City Council approved increasing the homestead exemption by 2 percent to 8 percent Wednesday. Raising the homestead exemption by 2 percent will save the owner of a $250,000 home approximately $23 a year. The council had to make the decision this week since they take the whole month of July off for a summer break.

“We need to do all we can to make Austin more affordable, and extending the homestead exemption to save the homeowners money is an important step. Not every tool will help everyone, so we also need to find and implementing other tools, as this Council has done, to help renters and others,” said Mayor Steve Adler in a statement.

The city’s general fund is estimated to take a $3.8 million hit due to the

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“Data the U.S. Census Bureau released shows Williamson County’s Asian population has increased 52 percent in the last five years, including a 10 percent bump from 2014 to 2015”, said the Austin Statesman as the Asian became the 2nd largest minority group in Williamson County.

Asians were also the fastest-growing ethnic group from 2010 to 2015 in Bastrop, Hays and Travis counties, as well as Texas as a whole. 

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Austin ranks No. 3 in the nation as place to start a social impact business.

Behind Austin, Washington, D.C., and San Francisco ranked #1 and #2 respectively, according to the Halcyon Incubator, a program of the Washington, D.C.-based S&R Foundation, with Boston and Seattle ranking #4 and #5, respectively.

The ranking is based on responses to a national survey of the social impact business community. Halcyon identified four factors that define social enterprise ecosystems: funding, quality of life, human capital and regulation and respectively.

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Maintaining a strong credit score is one of the most important things potential buyers can do if they want to qualify for a mortgage, since credit scores are used by lenders to measure financial health. A recent study showed that 34 percent of potential buyers believe their current score will hurt their future ability to purchase a home.

If your clients are concerned about their current credit rating, Yahoo! Finance offered some advice on common credit problems they should avoid.

1. Don't be late. Paying bills on time is essential, since a person's payment history makes up 35 percent of the total credit score. A late bill payment of 30 to 60 days also gets reported to credit bureaus and stays on the credit report for a whopping seven years.

2. Applying

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After around two years, the Highway 71 widening project is nearly complete, but drivers could face temporary closures in the meantime.

A stoplight at SH 71 and Southwest Parkway is one of the new additions during the expansion project.

"The people who have been driving this have endured some really heavy delays and so we're so appreciative," said Kelly Reyna with the Texas Department of Transportation.

The project widened the road, added a turn lane and improved traffic signals on Highway 71 between Southwest Parkway to Scenic Brook Drive.

"We have just started the final phase of work for this particular project," said Reyna.

TxDOT said the nearly $16 million project will improve mobility and make Highway 71 safer.

Despite a rainy May,

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The Austin area market continues to ride the wave. A few of the area highlights:

• Williamson County home sales rose 19.5% year-over-year in May. Single-family home sales also increased by double-digit margins across the entral Texas region, rising 13.2 percent in May 2016. In the five-county MSA, single-family home sales rose 9.9 percent year-over-year during the same time frame.

• Home prices throughout the Central Texas region continued to increase. The five-county MSA, median price, rising 4.8% year-over-year to $288,085. Williamson County, median price rose 5.2% to $261,822. The median price within Austin’s city limits was $355K, up 1.6%.

• Monthly housing inventory within the Austin-Round Rock MSA was 2.4 months in May 2016 with many other areas

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As temperatures heat up, more home owners and buyers are taking a closer look at a their home’s outdoor features.®’s research team took a look at 10 popular outdoor home features to find the premium that owners will pay. They also identified the regions of the country that are most likely to feature these popular outdoor amenities.

• Premium: 5.2% higher than similar homes in the same ZIP code
• Where you’ll most likely find them: Asheville, N.C.

• Premium: 7.6%
• Where you’ll most likely find them: McAllen, Texas

Putting green
• Premium: 11.4%
• Where you’ll most likely find them: Phoenix

Hot tub
• Premium: 11.8%
• Where you’ll most likely find them: Bend, Ore.

Tiki bar
• Premium: 13.8%
• Where you’ll most likely find them:

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Which property types are holding the most promise for investors this year? Experts from research firms Situs RERC, Reis Inc., Green Street Advisors, and Real Capital Analytics share with the National Real Estate Investor the property types that could prove to be the most profitable.

1. Senior housing: An aging population is making senior housing a good bet for investors. "Senior housing is experiencing upward demand, but with this property type, you can't increase rent as rapidly as you can with multifamily," notes Barbara Byrne Denham, a Reis economist.

2. Student housing: The pre-tax yield for student housing properties was 7.6 percent during the first quarter of this year, according to data from Situs RERC. "Student housing operations are generally in

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The Building Services Department for the city of Austin has requested nearly $6 million in funding, quadruple the current spending amount.

Without that funding, department officials say a huge backlog of needed repairs on historical buildings will only continue to grow and make popular venues and locations unsafe for the public.

“Really, it’s a matter of being responsible custodians of the assets we have today,” said Marty Stump, with Project Management at the city’s Parks and Recreation department. “I mean, when things start falling apart, it’s not safe for people.”

One of those locations in need of repair is Zilker Club House. Rustic stone and a view overlooking downtown Austin make the club house “a priceless backdrop for small events,”

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