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Real estate experts declare Austin top investment market for 2016

Don't expect the Austin market to slow down anytime soon. According to an annual survey from PricewaterhouseCoopers and the Urban Land Institute, Austin will remain a top target for real estate investors in 2016. Based on a survey of 1,500 real estate industry professionals, Austin is the No. 2 market to watch.

Large cities like New York City, Los Angeles, and Chicago have traditionally been the hottest markets, but "secondary and tertiary" cities are becoming more enticing because of employment growth and cross-generational appeal. However, gateway cities like Austin "continue to attract lots of people," thanks to the sheer amount of places to live and work. Read more...

This new app helps Texas home sellers cut closing costs with ease

Selling a house? Diving into real estate just got a little easier with SQFT, a new app that helps owners sell homes and cut closing costs. 
CEO and Owner James Simpson worked in the real estate industry in California for 15 years, but it wasn’t until he moved to Colorado in 2010 that Simpson discovered many agents don’t show homes themselves — and that sellers could do this on their own. Read more...

How much do Austinites spend on rent? New study reveals staggering numbers

Is Austin rent too damn high? A new report from Apartment List reveals that more than half of Austin renters are "cost-burdened," meaning they spend more than 30 percent of their income on rent.
Apartment List analyzed U.S. Census data from 2007-2014 and found that a whopping 50.1 percent of Austin renters were cost-burdened in 2014. The median monthly rent was $1,084, while median monthly renter income was $3,498. That burden increased from 49 percent in 2007 when the local median renter income was $2,746 per month and the median monthly rent ran $829. Read more...

New marketplace slated to transform iconic downtown Austin space

With all of the construction happening in Austin, cranes have become a permanent fixture of the Austin skyline, at least for now. And more building and development is underway at Second Street and Congress Avenue, except this project looks to have a different impact on the typical inconvenience of city construction.
Breaking ground mid-September, Fareground at One Eleven Congress is a new marketplace and gathering space concept in downtown Austin. But unlike many new developments, since the One Eleven Congress building has been part of the Austin skyline since 1987, the project is uniquely contained within the boundaries of an existing space. This helps in reducing the impact on people who live and work downtown, and, perhaps more importantly, traffic. Read more...