Austin Innovation Zone

If everything goes as planned, there will be some exciting steps forward in 2017 when it comes to development around Dell Medical School, otherwise known as the Austin Innovation Zone. Mayor Steve Adler says street alignment and other improvements to enhance the Innovation Zone are among his top priorities moving forward, which could help propel Austin into the next class of major cities in the United States.

Cities such as Atlanta, Boston, and Chicago already have big innovation districts, which also serve as gathering areas for residents and tourists alike. With Austin's balanced economy and growing job market leading to a rapidly increasing population, it only makes sense for officials and developers to get moving on the Innovation Zone to surround…

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Is now the right time to be flipping homes in Austin?

If you've been paying attention to the real estate market recently it shouldn't surprise you that home flipping is still a great way to make money. With home prices on the rise in a large number of markets, including Austin real estate, stats are showing that just about every Tom, Dick, and Harry have been taking a stab at making some extra money by flipping homes.

According to a new report by Attom Data Solutions, the second quarter of 2017 saw an average of a 26% return for buyers that are flipping homes. The Journal also states that these investors are making an average profit of around $69,100 per flip throughout Austin, but of course that doesn't necessarily mean every market in the U.S. is ideal for real estate flipping at the moment.…

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Take a look at Austin leasing and rental statistics for the month of January 2017 below. Highlights include:

  • 40% increase in total lease properties between January 2016 and 2017
  • Demand for rentals is up 4%
  • 34% increase in single-family homes available for rent

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Texas Home Sasles Skyrocketed in 2016
It looks as though the Texas real estate market— and in particular, the Austin real estate market—is going to once again break records in all facets in 2016. The latest reports from the Texas Association of REALTORS® and the Austin Board of REALTORS® show records in both home sales and prices, which could be good news, but it may also cause questions about the future of the market for potential buyers and sellers.

A staggering 247,931 homes were sold across the state in the first three quarters of 2016, with the median home price currently at $214,000 (a seven percent increase from this time last year). These statistics increase when it comes to Austin homes for sale. The median home price in the Austin-Round Rock area is at $279,900 (a 7.7 percent…

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5 Austin Communities For New Residents

Whether it's the job growth, particularly in the tech sector, or the relatively affordable real estate market, Austin has seen a big increase in new residents recently. In fact, Austin's 19,117 new residents between 2014 and 2015 is the eighth largest increase in population of all U.S. cities with a population of more than 50,000, according to the Austin Business Journal.

The new residents are coming from a variety of places, although in recent years it seems more and more are migrating from California. Recent U.S. Census data shows these residents are, for the most part, settling in areas five different areas ranging from Austin's city center to 30 miles outside the city.

1. Downtown Austin

The city center of Austin always seems to be…

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Let's face it, sometimes holiday shopping can be a beast. Crowded malls and tight budgets will often drive a person to madness. Even if you've been smart enough to head out early in the shopping season—and if you're reading this, then chances are you haven't—there's always the difficulty of picking just the right present for those very important people on your list. The trick to a more effective holiday shopping experience is preparedness: it turns out that you'll have a much better time Christmas shopping in Austin by carefully considering the type of people on your list before you head out.

With that in mind, here are just a few of the people you might find on your shopping list this year, along with some helpful suggestions about how you can make…

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Where to Buy Austin Real Estate If You're in the Tech Industry

Time and time again, Austin has been recognized for the rapid expansion of its tech industry and its booming population. Affectionately called the Silicon Hills, many even speculate that this Texas city is due to be the next Silicon Valley. In fact, a recent article in Forbes named Austin one of the five the most likely cities to take the coveted spot.

The need for a new Tech Mecca stems from the fact that the Silicon Valley real estate market has reached a saturation point. Built along the bustling San Francisco Bay where property is scarce, the average home in Los Altos, CA is valued at $2.3 million. By contrast, the median sale price on the Austin real estate market is a much more modest $216,000 because land is plentiful and new development is…

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As of November 2016, there are 38 skyscrapers being built in downtown Austin. With the downtown core only measuring three square miles, that's a lot of construction in a small area. It's no wonder the city skyline is embellished by a network of construction cranes angled in the sky, the bands of metal that make up their stems and arms crisscrossing higher and higher.

While the majority of these buildings are intended for commercial purposes, eight of these 38 new construction projects are intended to be high-rise condo and apartment buildings.

Located out of view of the State Capitol Building where building heights are restricted, these structures intend to tower high in the sky. Many of them plan to have upwards of twenty or thirty stories.…

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