Austin Business Journal- Experts Agree: This isn’t a housing bubble

Appraisals shooting up faster than a speeding bullet. Prices plowing through the pandemic like a locomotive. Values leaping by bounds in tall condo buildings. Look, up in the air, it’s Austin’s super housing market — and it will remain relatively sky-high for years to come, experts agree. More than a dozen economic and residential real estate experts interviewed believe this is not a...

Market Update: Luxury Home Sales in Austin Austin

Even a global pandemic couldn’t quell the demand for luxury homes in Texas. The number of homes in the Lone Star State that sold for $1 million or more jumped 23.5% between November 2019 and October 2020, according to the most recent Texas Luxury Home Sales Report released by Texas Realtors earlier this month. The report found that buyers closed on 6,347 homes listed at that price point in...

Storybuilt- New Construction Community Coming Soon to South Austin!

StoryBuilt is preparing to kick off its latest single-family community as the Austin area is seeing a record-low supply of housing on the market in part due to the Covid-19 pandemic. Pre-sales on the 12-home community — dubbed Clementine — in South Austin will begin Aug. 18. The modern farmhouses will be constructed on roughly two acres at 5107 Menchaca Road, south of U.S. Route 290. The houses...

Tesla Confirms it Will Build $1.1B Factory in Austin!

Tesla Inc. has picked Austin for its next big factory. CEO Elon Musk said July 22 the electric carmaker will build a gigafactory in Austin, ending weeks of speculation about whether the electric carmaker would pick the Texas capital or Tulsa, Oklahoma, for the project. Tesla intends to build a 4 million- to 5 million square-foot manufacturing facility on a site off the State Highway 130...

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