A growing number of BTR communities are being developed in the in-between zones — the suburbs and exurbs that sit between major cities. These areas are seeing demand from renters priced out of homeownership but still looking for space and privacy. As affordability declines in metro cores, BTR is stepping...
Category: Industry News
50-acre Hill Country ‘hospitality oasis’ fires up the market at $20 million
For anyone who loves throwing large and lavish parties, a Hill Country property now on the market for $20 million could be just the ticket to win over even the pickiest of guests.Binkan Cinaroglu, a Kuper Sotheby’s International Realty agent in San Antonio who has the listing, describes Oakfire Ridge as...
First phase of 1,400-acre Mirador neighborhood in Del Valle takes step forward
Plans to develop a huge residential and commercial hub on the southeastern edge of Austin have taken another step forward.With little discussion, the city's Zoning and Platting Commission on Aug. 16 unanimously approved a preliminary plan for the first phase of construction for the planned community on 1,400 acres near...
Industrial gas supplier proposes facility near new Taylor Samsung plant
TAYLOR, Texas (Austin Business Journal) — The largest industrial gas supplier in the world could save more than $11 million on property taxes if it’s granted incentives for a possible facility in Taylor. That was among among the details found in Linde Inc.’s application for Chapter 313 incentives, which were made...
Austin housing market reports skyrocketing inventory and cooling prices this summer
Relief is on the horizon in the red-hot Austin housing market, according to the latest monthly report from Austin Board of Realtors.The June 2022 market report highlights a 218 percent year-over-year increase in the number of active listings in the Austin-Round Rock metro area, growing the area's housing inventory to 2.1 months —...
Austin’s real estate is ‘inching’ toward normalcy as market shows signs of stabilizing
Knock on wood—real estate professionals are saying Austin’s housing market showing signs of stabilizing as local inventory hit two months for the first time since 2019. Austin Board of Realtors CEO Emily Chenevert said after two years of pandemic-fueled prices, “we're inching our way toward something that feels more normal,”...