It’s no secret that housing prices are strongly correlated with employment growth. Demand for homes increases when jobs are created and this demand pushes housing prices up. It’s no the only factor — interest rates are very important as well. But, all things created equal, when new jobs come to town, housing prices go up….
East Avenue: $750M Development Near Downtown
A lot of money is being spent on downtown development — more than $2 billion in condo projects alone at last count. And while it is technically outside of downtown, it seems another $750 million mixed use development is about to break ground. The project will develop 2.75 million square feet across 22 prime central…
21C Museum-Hotel-Condo: Major New Downtown Project Announced
A Kentucky-based developer announced plans for a unique 44-story tower on a prime downtown lot today. The $200M project, “21c Austin” will combine a private contemporary art museum, condos, and a boutique hotel run under the 21c brand. The project is based on the 21c Louisville, which is the top-rated hotel in the city of…
The Efficient Condo Market
If you buy a house in central Austin, the odds are that it is different — in one way or another — from every other house in central Austin. When it comes time to sell your unique house, you may get lucky and sell for more than it’s worth, or you may be unlucky and…
Condo Fees by Building
One of the most common questions asked by first time condo buyers — especially in Austin where the popularity of condos is rapidly on the rise — is how much individual buildings charge in monthly condo fees. Condo fees fund the daily operations and maintenance of most condo buildings. They cover security, landscaping, cleaning of…
Thanks for all of your ideas and feedback!
May was a great third month for AustinTowers — with more than 1,200 visitors in just 31-days, it has been very exciting to see interest in the site grow so quickly. I am particularly thankful to the large number of readers who have completed the survey or sent thoughts, ideas, and feedback via email. It is…