Residential Real Estate

There are currently 7 blog entries related to this category.

Everyone is always asking me as a Realtor, why are so many people from California moving to Austin?  I always tell them it's quality of life, cost of living, the schools and the people.  Texas is where you want to have a flat tire.  After living in Chicago, Boston, Miami, and London, coming home to Texas really reminded me of the overall good nature of a native Texan, it is remarkably different. 

But to talk about the numbers, a local lender, Steven Johnson sent a fascinating breakdown.  See below, and remember Texas has no state income tax, not to mention other things are significantly less expensive - home insurance, groceries, gas etc... it is all more affordable:

I did a little digging on the California state income tax website and the numbers

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The stress of finding your perfect Austin home is finally over, welcome to 125 Lakota Pass. This stunning Marbella plan offers the ultimate in flexibility and ensures every wish list item is checked. Take a swim in your gorgeous pool or soothe in your heated spa designed by Cody Pools. A captivating setting designed by Sagebrush Landscaping creates the most incredible outdoor living. Enjoy cozy evenings by your fire pit roasting s'mores while someone else works the grill to perfection! GE stainless steel appliances, granite counters and wired media room/game room are just a few of the thoughtful upgrades throughout. Ideal Alta Vista home without the massive basement and needless square footage; this perfectly proportioned home rests on an oversized lot of

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Oden Hughes LLC has just broken ground on A new 240-unit development covering a 22-acre site just west of the intersection of Texas Highway 71 and US Highway 290. 16 acres of the site will act as nature preserve and water retention in an effort to maintain environmentally friendly practices. Landmark Conservancy, as the project is currently named, is set to open in early 2015 featuring 1-3 bedroom apartments sized between 526 and 1,350 square feet with prices ranging from $800-$1900/month.
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West Lake Hills City Council is giving consideration to a plan to restrict home sizes within West the city. This follows action this September to halt all building permits in West Lake Hills which increased the existing home footprint or added a swimming pool. Fire safety is a leading cause for concern after low rates of water flow from hydrants were reported by fire crews responding to a house fire back in August.
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According to The Urban Land Institute's Emerging Trends In Real Estate 2014 report, Austin is ranked 7th when it comes to opportunities for investment and development in real estate. High growth in the job market, housing construction and attracting new businesses catapulted Austin above Miami, Boston and Orange County all of which have seen massive growth in the real estate sector since 2008. The list was lead by San Francisco, Houston, San Jose, New York City, and Dallas/Fort Worth.
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Austin's strong real estate market is resulting in massive growth in the apartment sector as the city's 20-34 year old age group is expected to grow at 2.5x the nation average this year according to market research by Marcus & Millichap. Vacancy rates remain below 5% and rents have risen by an average of 5.7% this year alone. By the end of 2013, 6,300 new rental units will be available versus 3,850 in 2012. 20% of new rental units are slated for student and senior housing.

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Take some time this weekend to explore homes designed by Austin's top architects. This Saturday and Sunday  (November 2nd and 3rd) from 10AM - 6PM, marvel at 11 homes offering grandiose views and modern lines dotting the entire city. Self guided tours are $35 in advance or $40 the weekend of. You can purchase tickets online. For more information head over to the AIA Homes Tour website.
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