The Enclave at Crystal Falls | Zoning Approval

The Enclave at Crystal Falls | Zoning Approval

The Enclave at Crystal Falls | Zoning Approval The Rezoning for Real International's Enclave at Crystal Falls was just approved! This project includes four parcels totaling ~19.5 acres of land. The zoning comprises 7.81 acres of residential space, providing 78 units...

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Austin-area Wealthiest ZIP Codes

Austin-area Wealthiest ZIP Codes

If you want to find where the richest people in the Austin area live, zip on over to Steiner Ranch in West Austin. New data from the Austin Business Journal shows 78732, which encompasses Steiner Ranch, is the wealthiest ZIP code in the five-county metro area, with a...

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Apartment construction on fire in Austin area

Apartment construction on fire in Austin area

By year’s end, Austin is projected to rank No. 4 among major metros nationwide for new apartments brought online, a welcome sign of relief in a region starving for both rental and for-sale housing. That’s according to an Aug. 23 RentCafe study which found that Austin...

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When might Austin get direct flights to Asia?

When might Austin get direct flights to Asia?

As South Korea-based Samsung Electronics Co. Ltd. builds its next-generation semiconductor plant in Central Texas, and considers an even larger investment, there is no doubt that Austin will see more travelers from Asia in the years to come. Airlines including British...

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300-plus townhomes cleared to rise in Manor

300-plus townhomes cleared to rise in Manor

Manor City Council has agreed to rezone nearly 63 acres east of the city, clearing the way for the creation of a new neighborhood with some commercial space. Council unanimously voted July 20 to zone the land for townhome and medium commercial use. Developer Mill...

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Update on The Enclave at Crystal Falls | Land Acquisition

Update on The Enclave at Crystal Falls | Land Acquisition

The Enclave at Crystal Falls | Land Acquisition In late 2020, Real International acquired an initial 14.51 acres of land to build a townhome community in the Leander area. Our team had performed extensive due diligence on the land and concluded that it was the most...

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Manorwood Project Successfully Exited

Manorwood Project Successfully Exited

Manorwood Project | Ground-up We successfully exited our Manorwood project! This urban infill loan-type project consists of two properties Real International developed earlier this year. Our team liquidated this project’s last property this week and realized our...

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Austin’s economy shows signs of shifting to the north

Austin’s economy shows signs of shifting to the north

Over the last couple years, companies locating in the Austin-area are finding friendly homes in the outskirts of the five-county metro. New research is showing that those decisions are shifting much of the area's economy to the north. The Texas Real Estate Research...

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Here’s how remote work affected the housing market

Here’s how remote work affected the housing market

The remote work boom is partly to blame for the pandemic-era explosion in housing prices, according to a new study. Remote work accounted for about a bit more than half of the 23.8% growth nationwide of housing prices since late 2019 — at about 15.1%, according to a...

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Apple lining up land to expand North Austin campus

Apple lining up land to expand North Austin campus

Apple Inc. is preparing for the next phase of development at its new campus off West Parmer Lane. Executives have their eyes on roughly 53 acres of ranch land they'd like to transform. They're asking Austin City Hall to annex the property so it can be rezoned for a...

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Top 5 Most Affordable ZIP Codes in the Austin Metro Area

Top 5 Most Affordable ZIP Codes in the Austin Metro Area

A higher price-to-income ratio means that a household must divert more of their annual income from expenses like 401k’s and other investments to buy a home. Previously, Austin’s housing price-to-income ratio had been lower than the national average, but it has risen sharply to a median housing price-to-income ratio of 6.34 and an average of 7.89.

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Austin near top of the heap for equity-rich metros

Austin near top of the heap for equity-rich metros

Rising home prices have made Austin one of the most equity-rich markets in the nation, according to a recent report. Of the 107 U.S. metros with populations greater than 500,000, Austin ranked No. 2 for equity-rich properties, according to Attom Data Solution's...

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1305 SF for Lease at Riata Center

1305 SF for Lease at Riata Center

1305 SF for Lease at Riata Center   Situated in the Riata Center, this For-Lease location has several highlights. This property was built in 2003, with a lot size of 2.48 acres. With stable and lucrative expectations for yearly cash-on-cash returns and leverage...

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1488 SF Retail Location For Lease On “The Drag”

1488 SF Retail Location For Lease On “The Drag”

1488 SF Retail Location For Lease On “The Drag”   On the North end of “The Drag” lies a modest commercial real estate space. A quaint, yet powerful location for small businesses to be. For retail owners, the obvious highlights center around the extraordinarily...

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ZIP Code Analysis According to Observed Growth Rate

ZIP Code Analysis According to Observed Growth Rate

ZIP Code Analysis According to Observed Growth Rate The Austin housing market is doing better than ever despite a declining nationwide economy. Home prices continue to set records, and the local economy is flourishing. People are looking for homes and properties...

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Samsung may go even bigger in Austin area

Samsung may go even bigger in Austin area

Six months after announcing what was then billed as the largest direct foreign investment in Texas history, Samsung Electronics Co. Ltd. is laying the groundwork for more potential expansion in the Austin area. The South Korean tech giant — which last year pledged to...

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Hermès eager to tackle affluent Austin market

Hermès eager to tackle affluent Austin market

Hermès International SA, a French luxury fashion designer and retailer that has had its Birkin handbags put up as an investment that rivaled gold and the S&P 500, is opening a brick-and-mortar shop on Austin's hip South Congress Avenue. The 7,600-square-foot store at...

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New homes coming to Leander, Bouldin Creek, downtown Austin

New homes coming to Leander, Bouldin Creek, downtown Austin

Here are updates on three residential real estate projects making progress across the region. Leander community adding homes Developers of the massive Bryson master-planned community in Leander are set to release more than 400 lots to builders this year, the first 90...

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Is It Possible to Find a Cheap Home in Austin?

Is It Possible to Find a Cheap Home in Austin?

In January 2016, the median home price in the Austin metro was just under $255,000, according to data from the Austin Board of Realtors. It’s nearly doubled since then, reaching $499,995 in February. Homes listed for less than $250,000 are extremely rare. In December,...

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Did your house make more money than you did last year?

Did your house make more money than you did last year?

Depending on where you live and your salary, your house may've made more money than you in the red-hot housing market of 2021. That's according to a new study conducted by Seattle-based Zillow Group Inc. (NASDAQ: ZG), which found home values in 2021 grew more than the...

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2 more towers on track to rise downtown

2 more towers on track to rise downtown

Developers Stratus Properties Inc. and Intracorp Texas have each moved a step closer to building a new tower in downtown Austin. Austin-based Stratus (Nasdaq: STRS) is planning a 400-foot residential tower near the Texas State Capitol, while Intracorp Texas wants to...

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Could this spring’s housing market be the busiest yet?

Could this spring’s housing market be the busiest yet?

The housing market is off to a busy start in 2022, with new records being observed in pace of home-price growth and median listing price last month. That's setting the stage for a busy spring, considered the kickoff to the prime housing market season. But will it...

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3 big neighborhoods rising in region

3 big neighborhoods rising in region

Here are three residential real estate projects making progress as paltry housing supply and rising prices continue to be top of mind for local economic leaders. Demand drives development in new Georgetown neighborhood Austin-based Owen Holdings Inc., developer of the...

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What DeLorean HQ in San Antonio could mean for Austin

What DeLorean HQ in San Antonio could mean for Austin

The iconic DeLorean car is headed back to the future in an electric revival that will be centered in the Lone Star State. DeLorean Motors Reimagined LLC, under the name DeLorean Motor Co., announced Feb. 14 plans to establish its global headquarters in San Antonio,...

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Austin housing inventory stuck at worryingly low level

Austin housing inventory stuck at worryingly low level

Austin’s housing inventory remained stuck at a persistently low level at the start of 2022, while home prices broke records for the month of January, according to new data from the Austin Board of Realtors. On par with last January, the Austin metro had only 0.4...

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Sales of $10M-plus mansions up drastically in Austin

Sales of $10M-plus mansions up drastically in Austin

The number of Austin home sales topping $10 million surged last year, according to a new report from real estate brokerage Compass Inc. Austin logged the biggest percentage jump nationwide in $10 million-plus sales, with 11 homes trading at that level last year, a...

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Southern Land Plan 28 Luxury Homes in Hays Country

Southern Land Plan 28 Luxury Homes in Hays Country

Nashville-based Southern Land Company LLC has bought its first Hays Country property, with plans to build a luxury community in housing-hungry Dripping Springs. The roughly 70-acre community will comprise 28 homes, according to company officials. Each house will sit...

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Austin has one of biggest build-to-rent home markets

Austin has one of biggest build-to-rent home markets

The build-to-rent market in Central Texas has hit its stride. Developers are making massive bets on the single-family rental market, often devoting entire communities to the business model. The investment seems sound, as data shows a notable hunger for these rental...

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Taylor Has Annexed 1,200-plus Acres for Samsung Site

Taylor Has Annexed 1,200-plus Acres for Samsung Site

The massive plot of land in Taylor that is set to become Samsung Electronics Co. Ltd.'s $17 billion chipmaking plant is now officially inside city limits, potentially adding more than $50 million to the city's general fund over the next three decades. During a pair of...

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New Apple campus in NW Austin has taken shape

New Apple campus in NW Austin has taken shape

It's been more than three years since Apple Inc. announced plans to build a $1 billion office campus in Northwest Austin, and the first phase of the massive project appears nearly complete. Apple (Nasdaq: AAPL) executives have long predicted that the campus would open...

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Rental side of housing market also scorching

Rental side of housing market also scorching

Would-be homebuyers aren’t the only ones struggling to find an affordable place to live in the Austin area — new data shows rents skyrocketed in 2021, moving the goalpost for affordable housing even further out of reach for some. According to ApartmentData.com, rents...

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AUSTIN-ROUND ROCK MSA HOUSING MARKET SETS RECORDS IN 2021

AUSTIN-ROUND ROCK MSA HOUSING MARKET SETS RECORDS IN 2021

According to the December 2021 and Year-End Central Texas Housing Market Report, more homes were sold in the Austin-Round Rock MSA in 2021 than ever before, with residential home sales rising 2.5% year over year to 41,316 homes sold last year. In addition to an annual...

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Austin’s Tallest Tower “Belongs to ” Meta For Now

Austin’s Tallest Tower “Belongs to ” Meta For Now

(The article is from Austin Business Journal, copyright belongs to owner. If we inadvertently infringe the copyright of intellectual property from any media, company, enterprise or individual, please contact us and the content will be deleted within the specified...

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Video game HQ, 150 jobs headed to Round Rock

Video game HQ, 150 jobs headed to Round Rock

A video game and technology company that was founded in the Dallas-Fort Worth metroplex is moving its headquarters to Round Rock. KingsIsle Entertainment Inc., which was headquartered in Plano but also operated a software development studio in Round Rock, on Dec. 16...

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18 huge developments reshaping Williamson County

18 huge developments reshaping Williamson County

Williamson County has ranked as one of the fastest-growing U.S. counties for decades, yet somehow the area seems to just now be hitting such a stride, economically, thanks to a flood of billion-dollar developments — some tied to the biggest brand names on Earth. Here...

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California builder buys majority of lots in Kyle community

California builder buys majority of lots in Kyle community

A California-based volume homebuilder has scooped up the lion’s share of lots in Kyle’s Anthem Texas master-planned community, with plans to bring more than 900 single family homes to the community. It marks the arrival of Landsea Homes Corp.(Nasdaq: LSEA) in the...

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Ellie May to bring more office, housing to East Austin

Ellie May to bring more office, housing to East Austin

An Austin-based developer has revealed plans to build a large mixed-use project on Springdale Road in East Austin, where commercial deals and residential projects have been proliferating. StoryBuilt, a developer of urban commercial and residential projects, plans to...

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Big changes may be on the way to Austin’s Sixth St

Big changes may be on the way to Austin’s Sixth St

Seating, dining, live music or even art installations could come to downtown Austin’s Sixth Street Entertainment District, as part of a pilot program referenced in city planning documents obtained by KXAN News. It’s part of the “Safer 6th Street Initiative,” an Austin...

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Austin Area Reachs the Record for New Jobs added in 2021

Austin Area Reachs the Record for New Jobs added in 2021

(Article is from Austin Business Journal, copyright belongs to owner) Companies relocating to or expanding in the Austin metro pledged to create more than 20,000 jobs during the first nine months of 2021, nearly equaling the record number of jobs pledged last year....

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Tesla Moves Headquarters From California to Texas

Tesla Moves Headquarters From California to Texas

Tesla is moving its headquarters from Palo Alto, California, to Austin, Texas, CEO Elon Musk announced at the company’s shareholder meeting on Thursday. The meeting took place at Tesla’s vehicle assembly plant under construction outside of Austin on a property that...

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Tesla Energy Plans to Sell Retail Electricity in Texas

Tesla Energy Plans to Sell Retail Electricity in Texas

(Article is from Austin Business Journal, copyright belongs to owner) Electric vehicle and battery energy storage company Tesla Inc. is seeking a new foothold in the power space: providing retail electricity to Texans. A newly minted subsidiary dubbed Tesla Energy...

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July 2021 Central Texas Housing Market Report

July 2021 Central Texas Housing Market Report

Residential home sales decreased across the Austin-Round Rock Metropolitan Statistical Area (MSA) for the first time since May 2020, according to the Austin Board of REALTORS® July 2021 Central Texas Housing Report. Despite the dip, the five-county MSA was just 445...

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2021 May Central Texas House Marketing Report

2021 May Central Texas House Marketing Report

The greater Austin area posted record-breaking gains in May, as the median home price reached an all-time high—for any month on record—of $465,000, while both home sales and sales dollar volume skyrocketed. “Austin’s housing market has become one of the most...

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Things You Can Do in This June

Things You Can Do in This June

The Drop-In Summer Concert Series ACL Radio & The Long Center have teamed up to bring you a free weekly concert series on the Long Center lawn all summer long. The lineup will feature a diverse lineup of Austin’s favorite and emerging artists in the heart of...

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2021 APRIL CENTRAL TEXAS HOUSING MARKET REPORT

2021 APRIL CENTRAL TEXAS HOUSING MARKET REPORT

The booming Austin-area housing market continued to demonstrate strength in April, with soaring double-digit growth in both home sales volume and median price growth. The Austin Board of REALTORS® April 2021 Central Texas Housing Report is the first market report to...

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2021 MARCH CENTRAL TEXAS HOUSING MARKET REPORT

2021 MARCH CENTRAL TEXAS HOUSING MARKET REPORT

AUSTIN HOUSE MEDIAN PRICE HITS THE HIGHEST AUSTIN, Texas – As Austin experiences growing pains associated with a city transitioning into a large metropolitan area, the Austin-Round Rock MSA continues to set housing records. According to the Austin Board of REALTORS®’...

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Elon Musk: Tesla will need over 10,000 people in Austin

Elon Musk: Tesla will need over 10,000 people in Austin

Tesla Inc. CEO Elon Musk has revealed that the company will need more than 10,000 people in the Austin area over the next year or so. The electric car maker had originally estimated it would create over 5,000 jobs at its rising factory in Travis County, but Musk made...

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2021 February Central Texas Housing Market Report

2021 February Central Texas Housing Market Report

HOUSING MARKET OPERATING ON RECORD-LOW INVENTORY Following the devastating Texas winter storms that thwarted housing market activity for nearly two weeks, Austin-Round Rock MSA home sales dipped for the first time since June 2020. According to the latest Central Texas...

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Icon selling first 3D-printed homes to public in East Austin

Icon selling first 3D-printed homes to public in East Austin

(Author - Mike Cronin) No longer just a promise, 3D-printed homes by Austin-headquartered Icon Technology Inc. are now on sale in the Texas capital. Kansas City-headquartered housing developer 3 Strands Neighborhoods, which does business as 3Strands, announced March 4...

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