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<h2 style="text-align: center">Celebrate Independence Day in Austin: Top Events to Enjoy</h2>Independence Day in Austin is a spectacular affair, marked by vibrant celebrations, live music, and dazzling fireworks displays. This year, Austin offers a diverse range of events that cater to all interests, from grand symphony concerts to family-friendly festivals. Whether you're a local or visiting the city, these events provide the perfect opportunity to celebrate the 4th of July in style. Let's explore the top Independence Day events in Austin to make your holiday unforgettable.<h3>Austin Symphony H-E-B July 4th Concert &amp; Fireworks</h3><ul><li>Location:&nbsp;Auditorium Shores and Long Center</li><li>Time:&nbsp;4:00 PM to 10:00 PM</li><li>Event Details:&nbsp;As Austin's largest Independence Day celebration, the Austin Symphony H-E-B July 4th Concert &amp; Fireworks is a must-attend event. The concert features patriotic music performed by the Austin Symphony Orchestra, creating a stirring backdrop for the evening. The grand fireworks display over Lady Bird Lake is the highlight of the night, offering a breathtaking spectacle.</li><li>Best Viewing Spots:&nbsp;For the best experience, arrive early and consider viewing from the Long Center, Congress Bridge, or Pfluger Pedestrian Bridge. These spots provide excellent views of both the concert and the fireworks.</li><li>Why You Should Attend:&nbsp;This event is perfect for those looking to immerse themselves in patriotic spirit and enjoy high-quality live music. It's a family-friendly event that brings the community together in celebration of Independence Day.</li></ul><h3>Hill Country Galleria Independence Day Festival</h3><ul><li>Location:&nbsp;Hill Country Galleria</li><li>Event Highlights:&nbsp;The Hill Country Galleria Independence Day Festival is an all-day affair featuring live music, shopping, dining, and a spectacular fireworks display. It's an ideal event for families and those looking to enjoy a variety of activities in one place.</li><li>Activities for Families:&nbsp;Families can engage in backyard games, explore vendor booths, and enjoy live performances throughout the day. There are plenty of activities to keep children entertained, making it a great family outing.</li><li>Shopping and Dining Options:&nbsp;The Galleria offers a wide range of shopping and dining options, allowing visitors to explore local boutiques and enjoy delicious meals from various eateries. The combination of entertainment, shopping, and dining makes this festival a well-rounded event.</li></ul><h3>Willie Nelson’s 4th of July Picnic</h3><ul><li>Location:&nbsp;Q2 Stadium</li><li>Event Lineup:&nbsp;Join Willie Nelson &amp; Family for a day filled with live music and celebration. The lineup includes performances by Willie Nelson and a host of special guests, making it a memorable musical event.</li><li>Special Guests:&nbsp;Expect an array of talented artists joining Willie Nelson on stage. This year's picnic promises a star-studded lineup, ensuring an unforgettable experience for attendees.</li><li>Fireworks Show:&nbsp;The event concludes with a magnificent fireworks show over the stadium, adding a sparkling finale to a day of exceptional music and fun.</li></ul><h3>Frontier Days at Old Settlers Park</h3><ul><li>Location:&nbsp;Old Settlers Park, Round Rock</li><li>Event Overview:&nbsp;Frontier Days at Old Settlers Park offers a unique blend of entertainment, starting at noon. This event includes carnival rides, live music, and various competitions, providing a full day of fun for all ages.</li><li>Carnival Rides and Games:&nbsp;With a range of carnival rides and games, Frontier Days is perfect for thrill-seekers and families alike. The variety of attractions ensures there's something for everyone to enjoy.</li><li>Live Entertainment:&nbsp;Live music performances throughout the day create a lively atmosphere. From local bands to well-known artists, the entertainment lineup keeps the crowd engaged and energized.</li><li>Unique Activities:&nbsp;Participate in the pig races, try your luck in the pepper-eating contest, or simply enjoy the various food vendors. The day concludes with a spectacular fireworks display, lighting up the night sky.</li></ul><h3>Volente Beach Fireworks</h3><ul><li>Location:&nbsp;Volente Beach, Lake Travis</li><li>Event Dates:&nbsp;Celebrate over two days, July 3rd and 4th, at Volente Beach with live music and a stunning fireworks display each night.</li><li>Beach Activities:&nbsp;Spend the day at the beach engaging in various activities, from swimming and sunbathing to enjoying water sports. The festive atmosphere makes it a great place to relax and celebrate.</li><li>Fireworks Display:&nbsp;As the sun sets, prepare for a dazzling fireworks display over Lake Travis. The reflection of the fireworks on the water creates a beautiful and memorable scene.</li></ul><h3>The 4th at the ABGB</h3><ul><li>Location:&nbsp;The Austin Beer Garden Brewing Co.</li><li>Event Details:&nbsp;Celebrate the 4th of July at The ABGB with pizza, beer, and live music. This laid-back event is perfect for those who enjoy good food and a relaxed atmosphere.</li><li>Food and Drink Options:&nbsp;Indulge in delicious pizza and craft beer while enjoying live music performances. The ABGB's menu and ambiance make it a favorite spot for many Austinites.</li><li>Group Bike Ride:&nbsp;Join the group bike ride to Auditorium Shores for the fireworks display. This unique feature adds a fun twist to the evening's festivities.</li></ul><h3>Red White &amp; Buda</h3><ul><li>Location:&nbsp;Buda Amphitheater</li><li>Event Schedule:&nbsp;Head south to Buda for a full day of Independence Day celebrations. The event kicks off with a bike parade and continues with various activities throughout the day.</li><li>Activities and Competitions:&nbsp;Participate in the cornhole tournament, enjoy live music, and explore the various vendors and food stalls. The event offers a wide range of activities for all ages.</li><li>Live Music and Entertainment:&nbsp;Enjoy live music performances, creating a festive atmosphere that culminates in a spectacular fireworks display. Red White &amp; Buda offers a quintessential small-town celebration with big-time fun.</li></ul><h2 style="text-align: center">Tips for Enjoying July 4th Events in Austin</h2><h3>Arrive Early</h3>To secure a good spot and avoid the crowds, arrive early. This is especially important for popular events like the Austin Symphony H-E-B July 4th Concert &amp; Fireworks.<h3>Bring Essentials</h3>Pack essentials such as water, sunscreen, and comfortable seating. These items will help ensure a comfortable and enjoyable experience throughout the day.<h3>Transportation and Parking</h3>Plan your transportation and parking in advance. Consider using public transportation or ride-sharing services to avoid the hassle of parking in crowded areas.<h3> </h3><h2 style="text-align: center">Conclusion</h2><h3>Summary of Events</h3>Austin offers a variety of exciting events to celebrate Independence Day. From the grand concert and fireworks at Auditorium Shores to the family-friendly festivities at Hill Country Galleria, there's something for everyone to enjoy.<h3>Enjoying a Safe and Fun Independence Day</h3>Remember to stay hydrated, follow event guidelines, and prioritize safety to ensure a fun and memorable 4th of July celebration. Enjoy the festivities and make the most of this special day in Austin!

Celebrate Independence Day in Austin with a variety of events including concerts, festivals, and fireworks. Discover the top events like the Austin Symphony H-E-B July 4th Concert & Fireworks and more.

10 Must-See July 4th Events in Austin: Epic Fireworks and Festivals

7 Must-See July 4th Events in Austin: Epic Fireworks and Festivals

<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240504101311.png" alt="" data-rotate="" data-proportion="true" data-size="," data-align="none" data-percentage="auto,auto" data-file-name="Why UT students choose Austin.png" data-file-size="86019" data-origin="," style=""></figure></div><h4>The Dynamic Cultural Scene of Austin </h4>Austin's reputation as the "Live Music Capital of the World" is just the beginning of what the city offers culturally. UT students find themselves immersed in a city vibrant with music venues, annual music festivals like South by Southwest (SXSW) and Austin City Limits (ACL), which provide not only entertainment but also opportunities for students to engage in the music industry.<h4 style="text-align: start">Music and Live Entertainment</h4>From iconic music venues on Sixth Street to annual film and music festivals, Austin pulses with live entertainment, offering performances year-round.<h4 style="text-align: start">Festivals and Events</h4>Events such as the Pecan Street Festival and the Texas Book Festival celebrate the diverse artistic and literary tastes of Austin's community, attracting both local and international artists.<h4 style="text-align: start">Arts and Theater</h4>The city's thriving arts scene includes institutions like The Blanton Museum of Art and ZACH Theatre, offering students opportunities to explore contemporary art and performance.<h4 style="line-height: 1.5;text-align: start">Educational Excellence at UT Austin</h4>UT Austin is not only located in the heart of one of America’s fastest-growing cities but also stands as a beacon of educational excellence with a wide array of academic and extracurricular resources that cater to a diverse student body.<h4 style="text-align: start">Renowned Academic Programs</h4>UT Austin is known for its high-ranking programs in Engineering, Business, and Computer Science, drawing students from all over the globe.<h4 style="text-align: start">Research Opportunities and Resources</h4>With extensive libraries and research facilities, UT Austin provides students with the tools necessary for academic success and innovation.<h4 style="text-align: start">Support Services for Students</h4>The university offers numerous support services, from career counseling to mental health resources, ensuring that students have the support they need to succeed.<h4 style="line-height: 1.5;text-align: start">Extensive Amenities for Students</h4>Austin's student-friendly amenities enhance daily life by providing convenience and comfort right at their doorstep.<h4 style="text-align: start">Housing and Residential Life</h4>UT Austin offers a variety of housing options that cater to different student needs, from on-campus dorms to off-campus apartments closely integrated with city life.<h4 style="text-align: start">Health and Wellness Facilities</h4>Campus recreational facilities and city-wide health and wellness programs offer students ways to keep fit and healthy, both mentally and physically.<h4 style="text-align: start">Dining and Shopping Options</h4>The city's food scene includes an eclectic mix of food trucks, cafes, and restaurants that cater to every taste and dietary requirement, complemented by shopping districts that offer both affordable and upscale options.<h4 style="line-height: 1.5;text-align: start">A Thriving Social Scene</h4>The social opportunities in Austin are vast, giving students the chance to build lasting friendships, network, and develop professional skills through a wide range of activities.<h4 style="text-align: start">Campus Organizations and Clubs</h4>With over 1,300 student organizations, UT Austin encourages students to engage in interests ranging from technology to social activism.<h4 style="text-align: start">Sports and Recreation</h4>UT Austin’s sports teams offer spirited environments that bring students together, whether participating or cheering on the Longhorns. In conclusion, Austin offers an exceptional blend of educational opportunities, cultural richness, and vibrant social scenes, making it a prime destination for University of Texas students. From its lively music and arts scene to its robust academic environment and community spirit, Austin not only supports but enhances the college experience. For students seeking a place where they can thrive academically and socially, Austin proves time and again to be a perfect choice. If you’re looking to find your ideal student housing close to UT Austin, explore our extensive listings and expert services tailored specifically for UT students.​<a href="https://respaceaustin.com/austin-campus-preleases">Visit our website</a> or <a href="https://respaceaustin.com/contact">contact us</a> today to discover how we can help you secure the perfect home in the heart of Austin.

Discover why University of Texas at Austin students prefer the dynamic culture and rich academic opportunities in Austin. Explore what makes the city a top choice for education and student life.

University of Texas at Austin: Why Students Choose Austin for Its Dynamic Culture and Academics

Why UT Students Choose Austin

Celebrate Texas Independence Day in AustinEvery year on March 2nd, Texans come together to celebrate the anniversary of Texas Independence Day, commemorating the adoption of the Texas Declaration of Independence in 1836. This historic event marked Texas' independence from Mexico and the birth of the Republic of Texas.Austin, as the capital of Texas, is the perfect place to celebrate this important day in Texan history. From parades and festivals to historical reenactments and cultural events, there are plenty of ways to join in the festivities.One of the highlights of the day is the Texas Independence Day Parade, which winds its way through downtown Austin, showcasing marching bands, floats, and participants in period costumes. Spectators line the streets to cheer on the parade and enjoy the festive atmosphere.For those interested in history, the Bullock Texas State History Museum offers special exhibits and programs focused on Texas' struggle for independence. Visitors can learn about the key events and figures that shaped Texas' history through interactive exhibits and artifacts.Food lovers can indulge in traditional Texan cuisine at local restaurants and food trucks, offering everything from barbecue and Tex-Mex to kolaches and pecan pie. Many establishments offer special deals and menu items in honor of Texas Independence Day.No celebration of Texas Independence Day would be complete without music, and Austin's vibrant music scene delivers. Live music performances featuring Texas artists are held at various venues throughout the city, showcasing the rich musical heritage of the Lone Star State.Whether you're a proud Texan or just looking to experience a taste of Texas culture, Texas Independence Day in Austin is a celebration not to be missed. So put on your cowboy boots, grab your Stetson hat, and join us in celebrating the spirit of Texas!

Join the celebration of Texas Independence Day in Austin! Experience the history, culture, and festivities of this iconic Texan holiday with parades, music, food, and more. Discover why Austin is the perfect place to commemorate Texas' independence and immerse yourself in the spirit of the Lone Star State.

Texas Independence Day in Austin: History, Culture, and Celebration

Texas Independence Day in Austin: A Lone Star Celebration

<h2 style="text-align: start">Introduction </h2>When it comes to securing a comfortable and convenient place to stay in Austin, Texas, near the University of Texas (UT) area, pre-leasing houses is an attractive option. In this article, we'll delve into everything you need to know about pre-leasing houses in this vibrant city, from the process of securing a lease to the advantages of living near the UT area. Get ready to embark on a journey filled with valuable information, expert advice, and FAQs that will help you make an informed decision.<h1 style="text-align: start">Finding the Perfect Pre-Leasing House</h1><h2 style="text-align: start">What is Pre-Leasing?</h2>Pre-leasing is a common practice in Austin, Texas, where prospective tenants reserve rental properties well in advance of their move-in date. This process allows you to secure your dream house before it's available on the open market, ensuring you get your preferred accommodation.<h3 style="text-align: start">Benefits of Pre-Leasing</h3>Pre-leasing offers several advantages, including:<ul><li>Early Bird Advantage: By securing a house in advance, you gain the upper hand in choosing your preferred location and amenities.</li><li>Peace of Mind: You can relax, knowing your housing is already secured, reducing the stress of last-minute house hunting.</li><li>No Rush: Pre-leasing gives you ample time to plan and prepare for your move without being rushed.</li></ul><h2 style="text-align: start">Searching for Pre-Leasing Houses</h2>When it comes to finding pre-leasing houses in Austin, there are several effective methods to consider:<ol><li>Online Listings: Websites and apps dedicated to real estate listings, such as Zillow, Trulia, or Craigslist, provide a wide range of pre-leasing options.</li><li>Realtors: Contact local real estate agents who specialize in the Austin area. They have access to exclusive pre-leasing opportunities.</li><li>Social Media: Join local housing groups on social media platforms. Many landlords and property managers post pre-leasing options in these groups.</li><li>University Resources: Explore UT's housing resources, which often include listings of pre-leasing houses near the campus.<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20231021104914.png" alt="" data-rotate="" data-proportion="true" data-size="444px,300px" data-align="none" data-file-name="image.png" data-file-size="2268172" data-origin="," style="width: 444px; height: 300px;"></figure></div></li></ol><h1 style="text-align: start">The Pre-Leasing Process</h1>Securing a pre-lease on your desired house involves the following steps:<ul><li>Property Viewing: Schedule viewings of available houses to find the one that suits your preferences.</li><li>Application: Once you've chosen a property, submit an application, including necessary documents like proof of income and identification.</li><li>Approval: The landlord or property management company will review your application and, if approved, provide you with a lease agreement.</li><li>Signing the Lease: Read the lease carefully and sign it. Ensure you understand the terms and conditions before committing.</li><li>Payment: Pay the required security deposit and any other fees as outlined in the lease.</li><li>Move-In Date: Coordinate with the landlord to set your move-in date, and you're all set to enjoy your new home.</li></ul><h1 style="text-align: start">Living Near the UT Area</h1><h2 style="text-align: start">Benefits of Living Near UT</h2>Living near the University of Texas in Austin comes with numerous perks, including:<ul><li>Proximity to Campus: Short commutes to classes, libraries, and other campus facilities.</li><li>Access to Amenities: Enjoy nearby shops, restaurants, and cultural attractions.</li><li>Sense of Community: Living near campus means you're surrounded by fellow students and a vibrant social scene.</li><li>Safety: UT areas often have enhanced security measures, providing peace of mind.</li><li>Public Transportation: Easy access to public transportation, making it convenient to explore Austin. </li></ul><h1 style="text-align: start">FAQs</h1><div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20231021105549.jpg" alt="" data-rotate="" data-proportion="true" data-size="417px,329px" data-align="none" data-file-name="dream.jpg" data-file-size="33320" data-origin="," style="width: 417px; height: 329px;"></figure></div>Q: Can international students pre-lease houses near UT?A: Absolutely, international students can pre-lease houses near UT. Landlords usually require proof of financial stability and may request a co-signer if the student has no credit history.Q: What should I do if I can't view the property in person before pre-leasing?A: If visiting in person isn't possible, request a virtual tour or arrange a video call with the landlord. You can also ask for additional photos and detailed descriptions.Q: Is it possible to break a pre-lease agreement?A: Breaking a pre-lease agreement can have financial consequences. You should review the terms of the lease carefully, as it may include penalties for early termination.Q: Do I need renter's insurance for pre-leasing houses?A: It's a good idea to have renter's insurance. While it's not always mandatory, it provides coverage for your belongings and liability in case of unexpected events.Q: Can I sublet a pre-leased property?A: Check your lease agreement. Some landlords allow subletting, but others may prohibit it. Always seek permission from the landlord before subletting.Q: What if I have issues with my landlord during the pre-lease period?A: Try to communicate and resolve the issues amicably. If that fails, you can contact local tenant associations or legal authorities for assistance.<h1 style="text-align: start">Conclusion</h1>Pre-leasing houses in Austin, Texas, near the UT area is an excellent choice for securing a comfortable and convenient place to live while enjoying the benefits of a vibrant university environment. By following the steps outlined in this guide and considering the provided FAQs, you can make a well-informed decision about pre-leasing a house that suits your needs. Start your journey towards finding the perfect pre-leased house near the University of Texas in Austin today.

Are you considering pre-leasing houses near the UT area in Austin, Texas? Discover essential tips and insights in this comprehensive guide to help you make the right choice.

Pre-leasing Houses and Apartments in Austin, Texas near the UT Area

Pre-leasing Houses in Austin, Texas near the UT Area

<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20230809041946.png" alt="" data-rotate="" data-proportion="true" data-size="," data-align="none" data-percentage="auto,auto" data-file-name="quote-furniture-trends-for-2024-respace-austin.png" data-file-size="71462" data-origin="," style=""></figure></div> It is significant for tenants to know furniture trends as it enables them to personalize and decorate their living spaces in an updated and tailored manner. Staying informed about these trends enhances comfort, functionality, and space utilization while promoting sustainable choices and maintaining a fresh and modern environment. It can also increase the resale value of furniture and create appealing settings for visitors. Being aware of furniture trends fosters a sense of community among tenants and provides an opportunity for them to exchange design ideas and recommendations. In summary, being informed about furniture trends empowers tenants to make informed decisions and create attractive and functional homes. Get ready to explore a world of style and design as we delve into the cutting-edge furniture trends for 2024! From the elegance of Vintage Glamour to the innovation of Smart Furniture Come along as we uncover how these trends can transform and elevate any living space. <h3>Industrial Chic: A Fusion of Rustic and Modern</h3>Industrial Chic, a prominent trend in the realm of interior design, seamlessly intertwines raw, rustic elements with sleek modern aesthetics. Characterized by the use of materials such as metal, wood, and concrete, this style encapsulates the spirit of functionality and elegance. Exposed pipes, distressed wood, and metal accents are key components that contribute to the rugged yet refined ambiance. As one of the defining furniture trends for 2023-2024, Industrial Chic adds an air of modernity and creativity to any space, ensuring a harmonious blend of past and present.<div> </div><div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20230809042133.png" alt="" data-rotate="" data-proportion="true" data-size="," data-align="none" data-percentage="auto,auto" data-file-name="industrial-chic-furniture-trends-for-2024-respace-austin.png" data-file-size="1159486" data-origin="," style=""></figure></div><h3> Natural Materials: A Return to Nature</h3>In 2024, the allure of nature takes center stage in interior design, embracing the calming embrace of natural materials. Wood, stone, and organic fabrics create an inviting and warm atmosphere, embodying minimalistic design with an emphasis on textures and patterns. The neutral color palette, characterized by earthy tones, establishes a serene backdrop for any room. This timeless and classic approach not only reflects an eco-friendly and sustainable ethos but also resonates with those seeking tranquility and an everlasting connection to the natural world.<div> </div><div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20230809042144.png" alt="" data-rotate="" data-proportion="true" data-size="," data-align="none" data-percentage="auto,auto" data-file-name="naturals-materials-furniture-trends-for-2024-respace-austin.png" data-file-size="776110" data-origin="," style=""></figure></div><h3> Retro Modern: A Nostalgic Revival</h3>Retro Modern, a delightful fusion of modern design and vintage charm, heralds an era of bold patterns, vivid colors, and clean lines. Drawing inspiration from the past while embracing contemporary sensibilities, this trend artfully intertwines elements from different epochs. With bold geometric patterns, vintage-inspired colors, and a diverse mix of materials, Retro Modern offers a fresh perspective on tradition. As 2024 unfolds, this style is poised to captivate even more hearts, offering a dash of nostalgia and a touch of playfulness to interior spaces.<div> </div><div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20230809042154.png" alt="" data-rotate="" data-proportion="true" data-size="," data-align="none" data-percentage="auto,auto" data-file-name="retro-modern-furniture-trends-for-2024-respace-austin.png" data-file-size="718103" data-origin="," style=""></figure></div><h3> Vintage Glamour: Timeless Elegance</h3>Elegance and luxury reign supreme in Vintage Glamour, a style that seamlessly marries classic opulence with modern sophistication. Velvet and satin fabrics, metallic accents, and bold patterns like Art Deco and floral prints converge to create an exquisite and timeless allure. The fusion of classic and modern elements allows for endless possibilities in design, ensuring that Vintage Glamour remains a standout choice among furniture trends. With a nod to the pattern trends of 2024, including the resurgence of Art Deco and floral motifs, this style promises to envelop spaces in an aura of grandeur and allure.<div> </div><div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20230809042205.png" alt="" data-rotate="" data-proportion="true" data-size="," data-align="none" data-percentage="auto,auto" data-file-name="vintage-glamour-furniture-trends-for-2024-respace-austin.png" data-file-size="941125" data-origin="," style=""></figure></div><h3> Mix and Match: Unleash Your Creativity</h3>For those who revel in breaking the mold, Mix and Match offers an eclectic and playful approach to interior design. By combining different furniture styles, colors, and patterns, this trend enables the creation of a personalized and distinctive space. The juxtaposition of vintage and modern pieces, along with the layering of textures and unexpected color combinations, culminates in an artful balance. The result? A space that exudes both sophistication and playful individuality, inviting creativity and self-expression.<div> </div><div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20230809042215.png" alt="" data-rotate="" data-proportion="true" data-size="," data-align="none" data-percentage="auto,auto" data-file-name="mix-and-match--furniture-trends-for-2024-respace-austin.png" data-file-size="939566" data-origin="," style=""></figure></div><h3> Biophilic Design: A Connection to Nature</h3>Biophilic Design, a testament to our innate connection with nature, embraces elements such as wood, stone, and organic fabrics to create environments that promote comfort and well-being. Natural patterns, light sources, and indoor plants infuse spaces with tranquility, reducing stress and enhancing overall health. As the world becomes more attuned to the importance of well-being, Biophilic Design stands as a testament to the power of nature in fostering harmony between the human spirit and the built environment.<div> </div><div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20230809042229.png" alt="" data-rotate="" data-proportion="true" data-size="," data-align="none" data-percentage="auto,auto" data-file-name="biophilic-design-furniture-trends-for-2024-respace-austin.png" data-file-size="1228249" data-origin="," style=""></figure></div><h3> Smart Furniture: A Symphony of Functionality and Technology</h3>In an age where convenience and innovation intersect, Smart Furniture emerges as a trend that seamlessly integrates modern technology with multi-functional design. Offering features such as built-in charging ports, space-saving configurations, and customizable options, this trend enhances productivity, organization, and overall living experiences. With its modern aesthetics and practicality, Smart Furniture is not merely a nod to the future but a realization of the seamless synergy between technology and design.<div> </div><div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20230809042242.png" alt="" data-rotate="" data-proportion="true" data-size="," data-align="none" data-percentage="auto,auto" data-file-name="smart--furniture-trends-for-2024-respace-austin.png" data-file-size="744712" data-origin="," style=""></figure></div><div> The world of interior design is a canvas of boundless creativity, where the convergence of diverse styles and trends paints a captivating tapestry of self-expression. As 2024 unfurls, the furniture trends discussed – from Industrial Chic's raw elegance to the luxurious embrace of Vintage Glamour, and from the playful allure of Mix and Match to the nurturing ambiance of Biophilic Design – are poised to reshape our living spaces, enriching our lives and inviting us to embrace the beauty of diversity and innovation. </div><div> </div><hr class="__se__solid"><h6>Source:&nbsp;<a href="https://www.linkedin.com/pulse/2024-furniture-trends-7-must-see-styles-watch/">https://www.linkedin.com/pulse/2024-furniture-trends-7-must-see-styles-watch/</a></h6>

Stay Ahead of the Curve: Top Furniture Trends for 2024: Discover the seven must-see furniture styles that are set to make waves in the industry as we enter 2024. From bold color schemes to unique textures and materials, these trends will elevate any living space.

Top Furniture Trends for 2024: Stay Ahead of the Curve

Furniture Trends You Must Know For 2024

BY ANTOINETTE ODOM ,&nbsp;PUBLISHED 12:00 PM CT JUL. 09, 2023 TEXAS — A new analysis from&nbsp;<a href="https://www.movebuddha.com/blog/visualizing-us-cities-2100/">moveBuddha</a>, a moving services site, foresees Austin as being the third biggest metro area in the next 77 years. By 2100, the projected population growth could be 22.29 million people, according to the report.Studying population and migration trends, moveBuddha predicted Dallas-Fort Worth as the largest metro area by 2100, with Houston and Austin following right behind. These three Texas cities are anticipated to oust New York, Los Angeles and Chicago to become the most populous cities in America.The report approximated Dallas-Fort Worth’s population size at 33.91 million, and Houston at 31.38 million by 2100. “The future of America may lie in Texas,” the author of the report said.Data from the U.S. Census Bureau in 2022 shows Austin as the tenth biggest city in the country, with an estimated population of 974,447. Between 2010 and 2020, the city had the second-fastest growth population rate in the U.S. The total population for the Austin-Round Rock-Georgetown metro area is around 2.3 million. In April, Round Rock was named the No. 1 best place to live in America by Bankrate.As cities expand, the effects of climate change grow more pronounced, moveBuddha stated. “Like the rest of Texas, Austin will be much hotter by 2100. Along with sweltering temperatures, water scarcity could be an issue.”This isn’t only a Texas problem though, many other states are in the line of fire as global warming goes into a dangerous territory.“According to one GDP projection through 2099, over three-quarters of U.S. countries will suffer economically because of climate damage,” the report said. “That could be from everything from heat-related deaths to sea-level rise to increased natural disasters.” However, if Texas got a handle on global warming through adapting new technologies for extreme weather and heat, the state could be “America’s haven.”As for issues with Texas’ water infrastructure, the city of Austin and others are in the works of developing plans to fix the system. Although a challenge, Texas lawmakers have agreed to spend billions of dollars on new water supply projects and repairs to the infrastructure.For more information and a complete look at the report visit,<a href="https://www.movebuddha.com/blog/visualizing-us-cities-2100/">movebuddha</a>.<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20230714083723.jpg" alt="" data-rotate="" data-proportion="true" data-size="739px,513px" data-align="none" data-file-name="pic 2 Ar.jpg" data-file-size="117781" data-origin="," style="width: 739px; height: 513px;"></figure></div>

Austin, Texas will grow to be one of the biggest US cities. Austin Real Estate development and growth will be the highest in the USA. 

How big is Austin, Texas. Austin Population growth projections.

Study: Austin projected as 3rd largest metro in U.S. by 2100, Dallas No. 1

Courtesy of <a href="https://product.costar.com/home/news/author/8e56755b6c49786acbf1a0290ef46b7f" rel="noopener noreferrer" target="_blank" id="article-author-8e56755b6c49786acbf1a0290ef46b7f">Jay Lybik</a>&nbsp;CoStar Analytics&nbsp;July 7, 2023 | 7:45 AM? <h3 style="text-align: start">The High-Flying Rent Growth Markets of 2021 Hit a Wall of Supply and Forgot the Rent Growth Parachute</h3> <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20230709033326.jpg" alt="" data-rotate="" data-proportion="true" data-size="711px,476px" data-align="none" data-file-name="Apt1.jpg" data-file-size="219494" data-origin="," style="width: 711px; height: 476px;"></figure></div> Multifamily rent growth in the United States is experiencing its largest retreat on record, with rents growing just 1.1% since the end of 2021 after hitting an all-time high of 10.7%.<a href="https://product.costar.com/Market/#/search/map" target="_blank">The 10 markets</a>that led the explosive rent growth during 2021 have witnessed rent deceleration two or three times faster than the nation. Palm Beach, Florida, stands out as the market that has watched rent growth slow the most, going from growth of 27.9% year over year to zero over the past six quarters.On average, these 10 markets saw rents decline by 20 percentage points in the past year and a half. Worst of all, seven of the markets — Atlanta; Austin, Texas; Jacksonville, Florida; Las Vegas; Orlando, Florida; Phoenix; and Raleigh, North Carolina — all are now registering negative rent growth.Record multifamily completions combined with soft demand created the perfect storm of negative market conditions, especially in Sun Belt locations. Vacancy rates in the 10 markets noted above skyrocketed by 250 basis points to 600 basis points compared to only a 210-basis-point increase nationally over the last 18 months. Jacksonville saw its vacancy rate jump from 5.6% at the end of 2021 to 11.6% today. Atlanta isn’t far behind with vacancy up 450 basis points to 10.6%. Pushing the Atlanta vacancy rate up has been 24,500 new units coming on line with just 1,800 units of demand. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20230709033300.jpg" alt="" data-rotate="" data-proportion="true" data-size="848px,567px" data-align="none" data-file-name="Apt2.jpg" data-file-size="197032" data-origin="," style="width: 848px; height: 567px;"></figure></div> Markets that have not seen such large supply-demand imbalances have maintained respectable rent growth numbers. For example, Cincinnati’s rent growth stands at 4.6%, above its pre-pandemic average of 3%, and its vacancy rate sits at 5.4%, below the national average. Columbus, Ohio, has been another standout market over the past year and a half, with year-over-year rent growth holding at 3.7%.Over the next three to four quarters, supply outstripping demand should continue nationally, which will keep downward pressure on rents. Sun Belt markets, like the 10 mentioned that have seen the largest pullback in rent growth, are experiencing the highest rates of new construction and therefore will be most at risk for further rent deceleration, including outright rent declines.In contrast, Midwest and Northeast markets remain the most stable given their more modest construction pipelines and are projected to see rent growth in the 2% to 3% range into 2024.

Looking to rent an apartment in Austin, TX, Hyde Park, Downtown, near UT Austin.

Apartment and house rentals and leases in Austin, TX and general stats.

Multifamily Rent Growth, From Leaders to Underperformers

Transforming Austin's South Central Waterfront: New developments, public spaces, and community vision shaping an iconic district alongside Lady Bird Lake. Exciting projects approved, with more to come. Join us in building a walkable, accessible, and vibrant lakeside destination for all. Stay tuned for the formal regulating plan, setting development benchmarks. Let's seize this opportunity and make the South Central Waterfront shine!

Revitalizing the Austin Lakeshore District: Long-Awaited Plans Transforming the Landscape

Austin lakeshore district transforming as long-awaited plans take shape

Written By: Jonathan LeeTuesday, January 10, 2013Curated by: Tony Lazarov &nbsp;The proposed zoning change would allow buildings in and around the Domain to rise as high as many downtown towers, solidifying the area’s status as Austin’s unofficial second downtown.The zoning change, initiated in September by the Planning Commission, would increase the allowable height in the North Burnet Gateway Regulating Plan’s Transit-Oriented Development zoning to nearly 500 feet, or around 40 to 50 stories. The floor area ratio, a measure of density, would also increase. Exactly how tall buildings should be is still up for debate. City staffers, for their part, recommend the following:<ul><li>For the TOD-Gateway Zone, increase the maximum building height from 360 feet to 491 feet and the maximum FAR from 8:1 to 12:1.</li><li>For the TOD-Midway Zone, increase the maximum building height from 240 feet to 327 feet and increase the maximum FAR from 5:1 to 7.5:1. </li></ul> But the Planning Commission may recommend allowing taller buildings in the TOD-Midway Zone when it meets on Tuesday. At least that’s if it follows the recommendation of the Codes and Ordinances Joint Committee, which voted unanimously last month to recommend 491-foot height limits and 12:1 FAR in both types of TOD zones.<a href="https://www.austinmonitor.com/?attachment_id=133712" target="_blank" rel="attachment noopener wp-att-133712">This document</a>&nbsp;shows where exactly these increases would apply. Staffers came up with their numbers by matching the height and FAR increases in TOD zones to&nbsp;<a href="https://www.austinmonitor.com/stories/2022/11/buildings-over-400-feet-tall-now-allowed-around-q2-stadium/" target="_blank" rel="noopener">recently approved changes</a>&nbsp;to the Commercial Mixed-Use (CMU) Gateway Zone that increased height and FAR by 36 and 50 percent, respectively.Developers can only build to the increased height if they provide public benefits in exchange. Staffers acknowledged this density bonus has not been calibrated to market conditions. If the requirements prove too onerous for developers, they are unlikely to build to the maximum allowable height.&nbsp; Commissioner Awais Azhar explained the rationale for the increasing TOD entitlements at a Planning Commission meeting in September: “TOD, which is supposed to be the highest intensity, would actually be lower in intensity to CMU …. (This zoning change) allows us to fix that issue with TOD so that we’re matching entitlements and doing good planning,” he said.&nbsp;Adding height and density aligns with the North Burnet Gateway Regulating Plan’s goal of creating a transit-oriented district. The area is well served by transit by Austin standards, with service on the 803 MetroRapid bus and Red Line commuter rail. Rail service will improve in the area within the next couple of years, with two Red Line stations under construction. McKalla Station, next to Austin FC’s Q2 Stadium, is scheduled for completion in fall 2023, and Broadmoor Station, next to the 66-acre Uptown ATX development, is scheduled for completion in early 2024. Once both stations are finished, the existing Kramer Station will be decommissioned.Other regulatory changes could be in store in the near future. City staffers are working on a comprehensive update to the North Burnet Gateway Regulating Plan, which should come before City Council early this year.&nbsp; Photo by&nbsp;<a href="https://commons.wikimedia.org/wiki/File:Domain_phase_2.jpg" target="_blank" rel="noopener">Larry D. Moore</a>,&nbsp;<a href="https://creativecommons.org/licenses/by/4.0" target="_blank" rel="noopener">CC BY 4.0</a>, via Wikimedia Commons. The&nbsp;Austin Monitor’s work is made possible by donations from the community. Though our reporting covers donors from time to time, we are careful to keep business and editorial efforts separate while maintaining transparency. A complete list of donors is available&nbsp;<a href="http://www.austinmonitor.com/who-funds-us/" target="_blank" rel="noopener noreferrer">here</a>, and our code of ethics is explained&nbsp;<a href="http://www.austinmonitor.com/about-us/" target="_blank" rel="noopener noreferrer">here</a>.

Proposed Zoning Change to Skyrocket Building Heights in the Domain, Cementing its Status as Austin's Second Downtown. Increased height and density align with the North Burnet Gateway Regulating Plan's vision for a transit-oriented district. Rail service improvements and future regulatory changes on the horizon.

omain District's Skyline Set to Rise: Proposed Zoning Change to Increase Building Heights, Solidifying Austin's Second Downtown Status

 Zoning change to allow taller towers in the Domain

Written By Parimal M. Rohit
 CoStar News
 January 5, 2023 | 4:49 P.M.
 Curated By: Tony Lazarov 
 More housing is in the works for the area surrounding Q2 Stadium in North Austin, Texas.
 Austin-based Cypress Real Estate Advisors is planning to build a five-story multifamily project at 10109 McKalla Place, according to a state permit. The site at 10109 McKalla Place is currently home to an industrial building that was built in 1980.&nbsp;
 Cypress Real Estate's proposed 274-unit development, called McKalla Place, has a budget of at least $60 million, according to the filing. Construction is set to start in June and continue through August 2025.
 The property is next to Q2 Stadium, where Austin’s Major League Soccer franchise, Austin FC, plays its home games.
 Cypress Real Estate's website lists a loan for an "Austin Stadium District" project next to Q2 Stadium. The bridge loan, secured by first and second liens on 2.9 acres, is for $8.5 million.&nbsp;
 Cypress Real Estate has several other multifamily developments in the Austin area, including the 230-unit Lakeshore Pearl, the 256-unit Corazon, a 322-unit property called The Guthrie and a 328-unit building known as The Copeland, which is also a stone's throw from the Q2 stadium. The real estate developer also has properties in Denver; Raleigh, North Carolina, and Jupiter, Florida. 
 The site at 10109 McKalla Place is located within one mile of The Domain, a high-density, mixed-use development often referred to as Austin's second downtown. Several major employers such as Amazon, Google and Indeed have office space at The Domain.&nbsp; 
 The Domain is also home to several multifamily developments, restaurants, boutique shops and big-box retailers. Multifamily properties at The Domain include Flatiron, The Kenzie and Griffis.
 Cypress Real Estate is not the only developer to take an active interest in the area immediately surrounding the soccer arena. The fast-growing apartment arm of national homebuilder Toll Brothers has plans to build a 27-story residential tower across the street from Q2 Stadium.
 And Los Angeles-based Karlin Real Estate announced plans in 2021 to build a mixed-use development with hospitality, office and residential uses next to Q2 Stadium. The project, known as Verde Square, could bring 280 apartment units and 386,000 square feet of office space to North Austin.

North Austin's Q2 Stadium area is buzzing with development! Cypress Real Estate Advisors is set to build a five-story multifamily project at 10109 McKalla Place, as part of the anticipated McKalla Place development. Stay tuned for more exciting projects, including Toll Brothers' tower and Karlin Real Estate's Verde Square. Get ready for the thriving growth of North Austin!

"New Soccer Stadium Sparks Excitement: Developer Unveils Plans for 274-Unit Apartment Complex in Austin"

Developer Plans 274-Unit Apartment Complex Near Austin's New Soccer Stadium

Is now a good time to buy a house?It’s an evergreen question — always relevant — and it’s a highly personal question. Only you can answer whether or not it makes sense for you to buy a home at any given time.That said, the realities of unpredictable interest rates and the ever changing housing market will play a role in your decision. And, right now, those indicators are blinking red.As of December 2022, consumer confidence is quite low according to Fannie Mae’s&nbsp;<a href="https://www.fanniemae.com/research-and-insights/surveys-indices/national-housing-survey/national-housing-survey-archive">Home Purchase Sentiment Index</a>. Only 16% of consumers believe it’s currently a good time to buy a house. So who’s right? <h2 style="text-align: start">Is Now a Good Time to Buy a House?</h2>As we approach 2023, the dramatic increase in housing prices we were seeing in 2021 has stalled. In fact,&nbsp;<a href="https://www.nar.realtor/blogs/economists-outlook/existing-home-sales-fell-for-the-ninth-straight-month-and-decline-5-9-in-october-2022">home prices have decreased</a>&nbsp;for nine consecutive months, according to the National Association of Realtors. Not only that, but some experts believe the steady leak may become a stream and a&nbsp;<a href="https://www.axios.com/2022/11/28/home-prices-real-estate-housing">collapse in prices</a>&nbsp;is coming.On top of that, fixed 30-year mortgage interest rates are&nbsp;<a href="https://www.freddiemac.com/pmms">hovering around 6.5%</a>&nbsp;— as high as they’ve been in 20 years — though they did slightly decrease in November 2022.When asked about the outlook for mortgage rates in 2023, eight industry insiders told&nbsp;<a href="https://themortgagereports.com/96186/2023-mortgage-rate-predictions">Mortgage Reports</a>&nbsp;they expected interest rates to run anywhere from 5% to 9% next year — quite a range that doesn’t necessarily make a future homebuyer brim with excitement.Inflation could continue to push rates up, while a looming recession would likely cause them to drop. Ongoing inflation, Federal Reserve policies and impending recession fears make the near future of interest rates difficult to predict.That said, if you’re set on buying a home soon, you have options. You just need to be prepared to take on that financial burden.<h2 style="text-align: start"> </h2><h2 style="text-align: start">4 Questions to Consider Before You Buy a House</h2>Ultimately, whether or not you should&nbsp;<a href="https://www.thepennyhoarder.com/home-buying/how-to-buy-a-house/">buy a home</a>&nbsp;right now depends largely on how ready you are and your financial situation more so than market conditions.Before buying a home — the single largest purchase most people will make — you need to have a solid financial plan in place. Here are some things to consider before making that purchase.<h3 style="text-align: start"> </h3><h3 style="text-align: start">1. How Long Do You Expect to Stay in This Home?</h3>The future isn’t always predictable —&nbsp;life happens after all — but you should have an idea of any major decisions that are in your near future.Do you expect to get married? Do you plan on having kids in the next five to 10 years? How permanent is your current job situation? Do you want to be in that location long term?If any of those situations are in flux, you might want to pause&nbsp;<a href="https://www.thepennyhoarder.com/home-buying/home-buying-numbers-to-know/">buying a home</a>&nbsp;right now. That two-bedroom condo might get a little tight once you start having kids. Or the house you thought was a dream could become a financial weight around your neck when your company asks you to transfer to another city.The best time to buy a house is when your life is fairly stable, both personally and professionally. That doesn’t mean you need to have everything perfectly set. But you should carefully consider the pros of buying the home versus the cons of possibly moving in the short term — and figuring out what to do with your house — because of life changes.<h3 style="text-align: start"> </h3><h3 style="text-align: start">2. How Much of a Down Payment Can You Make?</h3>Traditional wisdom has always said to make a 20%&nbsp;<a href="https://www.thepennyhoarder.com/home-buying/down-payment/">down payment</a>&nbsp;in order to avoid&nbsp;<a href="https://www.thepennyhoarder.com/insurance/what-is-mortgage-insurance/">private mortgage insurance</a>. PMI covers the lender in case you stop making payments.The&nbsp;<a href="https://cdn.nar.realtor/sites/default/files/documents/ehs-10-2022-overview-2022-11-18.pdf">current median sales price</a>&nbsp;for a home in the U.S. is $379,100. That means to avoid PMI, a buyer would need to make a $75,820 down payment. For most buyers, that will require planning and some aggressive savings before making the purchase.The more you put down, the less your mortgage will be —&nbsp;meaning lower monthly payments. So you would borrow $303,280 instead of a higher amount. Most lenders require a minimum down payment of around 3% to 5%, so you have that option if your budget allows for larger monthly payments (more on that later).<a href="https://www.thepennyhoarder.com/home-buying/tips-for-buying-a-home/">First-time home buyers</a>&nbsp;typically have more options — with lower down payments and credit score minimums. These include:<ul><li><a href="https://www.thepennyhoarder.com/home-buying/how-to-get-an-fha-loan/">FHA Loans:</a>&nbsp;If you qualify, you might consider an FHA loan, insured by the Federal Housing Administration. These loans require just 3.5% down and credit score minimum of 580. Or if you’re able to put 10% down, you’ll only need a 500 credit score.</li><li><a href="https://www.thepennyhoarder.com/home-buying/va-loan/">VA Loans:</a>&nbsp;Veterans Affairs’ loans are an option for qualified military members and veterans. They don’t require a down payment and usually come with lower interest rates. They might require a funding fee that can be rolled into the overall mortgage.</li><li><a href="https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp">USDA Loans:</a>&nbsp;If you’re looking to live in a rural area, you may qualify for a loan from the U.S. Department of Agriculture. These loans require no down payment. You’ll need to live in a qualifying area though.</li></ul>Remember, the more you can manage to put down on the front end, the less debt you’ll carry over the course of your mortgage.<h3 style="text-align: start"> </h3><h3 style="text-align: start">3. What About Your Credit Score?</h3>Make sure you know your&nbsp;<a href="https://www.thepennyhoarder.com/credit/credit-scores/what-is-a-credit-score/">credit score</a>&nbsp;well before you begin the process of buying a home. That one little number will greatly affect your loan options when it comes time to sign the mortgage.The standard magic number required for conventional loans is 620. Anything between 670-739 is considered “good.” Between 740-799 is considered “very good.” And anything above 800 means you have “excellent” credit. The better your credit score, the better your loan options and interest rates will be.Non-conventional loans will require higher credit scores. One example is a jumbo loan, which typically requires a credit score of around 700. There are ways to buy a house with a&nbsp;<a href="https://www.thepennyhoarder.com/home-buying/how-to-buy-a-house-with-bad-credit/">lower credit score</a>&nbsp;though.If you’re looking at buying a home in the near future, it’s incredibly important to make sure you understand where your credit score is and how you can improve it over time.There are plenty of ways you can actively work on&nbsp;<a href="https://www.thepennyhoarder.com/credit/build-good-credit/">improving your credit score</a>&nbsp;— everything from making on time payments, applying for credit selectively and even asking for a credit limit increase but not using it.<h3 style="text-align: start"> </h3><h3 style="text-align: start">4. Is Your Budget Ready?</h3>The median mortgage payment is $1,100, according to&nbsp;<a href="https://www.rocketmortgage.com/learn/average-mortgage-payment">American Housing Survey data</a>. That number can vary, of course, based on where you live, how long your mortgage is, your down payment and interest rate.But if only that was all you were expected to pay. It’s easy to forget all the other fees that get tacked on to mortgage payments. You’ve got taxes, insurance and maybe&nbsp;<a href="https://www.thepennyhoarder.com/home-buying/hoa-restrictions/">HOA fees</a>&nbsp;and mortgage insurance — and then there’s all the ongoing maintenance and other monthly expenses that come with owning a home.<h4 style="text-align: start"> </h4><h4 style="text-align: start">How to See If You Can Afford a House</h4>Let’s use an example. We’ll say you live in Nashville, Tennessee — a prospering real estate market, but not out of control. As of now, the&nbsp;<a href="https://www.redfin.com/city/13415/TN/Nashville/housing-market">average cost of a home in Nashville&nbsp;</a>is $461,000.We’ll also say you live in a homeowner’s association — and, fortunately enough for you, Tennessee has the fifth lowest HOA with a median of $150 per month.We’ll assume you have good credit and can get the average interest rate right now at 6.5%.And we’ll finally assume you can manage a 10% down payment on a 30-year mortgage.Last, that credit score is also good enough to get a decent PMI rate of about 0.99%.

Discover if now is the right time to buy a house and explore important considerations. Understand the current housing market trends, interest rates, and consumer sentiment. Evaluate factors like your future plans, down payment options, credit score, and budget to determine if you're ready for homeownership. Learn how to assess affordability and make informed decisions.

Is Now a Good Time to Buy a House? Considerations and Questions to Help You Decide

Is Now a Good Time to Buy a House — or Should You Wait?

Written by: Jonathan Lee
 December 28, 2022 
 Curated by Tony Lazarov Fresh off the heels of a decisive reelection win, City Council Member Paige Ellis is ready to hit the ground running in 2023 with initiatives related to housing, transportation and workforce retention. Ellis won reelection with 58 percent of the vote in November, avoiding a runoff. She told the Austin Monitor that the margin of victory didn’t surprise her, even though some regard District 8 as purple (state Rep. Ellen Troxclair, a Republican, represented the district before Ellis). “Most of that is just because I know we’ve worked so hard over the past four years to really deliver meaningful improvements for the neighborhoods people live in,” Ellis said. “I also felt that it was very important for me to run on my political values,” she added, noting her vocal support for abortion rights and gun safety measures and opposition to state leaders’ attacks on transgender youth. This year Ellis also celebrated a personal milestone, marrying political consultant and campaign manager Ed Espinoza. Among the year’s policy successes, Ellis highlighted a December resolution to streamline permitting for “missing middle” housing – one step toward making more housing types available as the city faces a housing supply shortage. The proposal would exempt triplexes and fourplexes from the city’s lengthy, expensive site plan review and create a “site plan lite” for five- to 16-unit projects. Site plan lite would guarantee a review time of no more than 90 days instead of the typical time frame of a year or more. “Time is money when you’re trying to get housing units open and available,” she said. While Council has made some changes to housing policy this year, such as relaxing compatibility (a rule limiting building height near single-family homes) and allowing housing in commercial zoning, Ellis isn’t satisfied. “I don’t think we’ve done enough,” she said. Next year, she hopes Council will discuss further relaxing compatibility, changing minimum lot sizes and tackling permitting headaches. She plans to bring forward two other policies early in the new year, one around integrating land use and transportation planning and the other around balancing environmental regulations and development standards. She also sponsored a resolution this year that led to increased rebates for e-bike purchases, which she sees as a way for people to exchange car trips for bike trips – a pillar of the city’s climate and mobility goals. The biggest challenge facing city government, according to Ellis, is providing basic services – a problem that comes down in part to employee retention and recruitment. One solution is better pay: “We’ve got to make sure we’re paying competitively.” Ellis backed increased salaries for city workers, including a $20/hour minimum wage, as part of this year’s budget process. She said the city also needs to further improve its already robust benefits packages by allowing former employees to return with the same amount of vacation time they had already accrued. “There’s a lot of good expertise out there, and we’re trying to attract it back to the city,” she said. Advocating for improving the city’s parks has been a mainstay of Ellis’ time on Council. Asked what elements of Zilker Park’s draft vision plan she supports (the park is in her district), she emphasized better bike routes and bus access and slowing traffic along Barton Springs. “If that means lowering the speeds, narrowing the lanes, looking at the number of lanes, I think that’s appropriate.” In other District 8 developments, Ellis wants to help the city partner with Austin Community College to transform the Pinnacle Campus, creating community benefits like affordable housing, parkland, a community center and a Project Connect park-and-ride. “I think that’s a really amazing opportunity for us to bring in every partner we can and make that campus everything that people want to get out of a public project like that,” she said.

City Council Member Paige Ellis plans to focus on housing, transportation, and workforce retention in 2023 following her successful reelection. She aims to streamline permitting for "missing middle" housing, relax compatibility rules, and address permitting challenges. Ellis supports e-bike initiatives and emphasizes the need for better pay and improved benefits to retain employees. Additionally, she advocates for park improvements and envisions transforming the Pinnacle Campus in partnership with Austin Community College.

City Council Member Paige Ellis Sets Ambitious Agenda for 2023: Housing, Transportation, and Workforce Retention in Focus

Ellis to push for more progress on housing in 2023

A developer plans to build a student housing high-rise near the campus of University of Texas at Austin that would help fortify the Texas capital as the nation’s busiest construction market for apartments aimed at college students.&nbsp;
 The developer, listed as 2313 Rio Grande Property Owner LLC, has proposed to build a 344,328-square-foot student housing high-rise in the West End neighborhood of Austin, according to paperwork filed last week with the Texas Department of Licensing and Regulation. West End is an area adjacent to the University of Texas and home to most of the institution’s student housing.&nbsp;
 The project, to be called 24th and Rio Grande Apartments, has an estimated budget of $85 million, according to the state filing. Construction is slated to begin in May 2023 and continue through August 2025.&nbsp; 
 The University of Texas at Austin has the highest bed count in the nation when it came to student housing projects under construction, according to a report from brokerage firm Berkadia. There were 5,318 beds in development around the University of Texas’ flagship campus, the report said. That's well ahead of the second school on the list, the University of Washington, which had space for 4,263 beds in development.&nbsp;
 A separate application also filed last week with the city of Austin said 24th and Rio Grande Apartments would be 33 stories tall. The complex would have a parking garage and on-site amenities, according to the city filing.&nbsp;
 The city application was filed by Rhodes Partners, the project’s architect and interior designer. The applicant has requested an expedited review of the student housing high-rise. Rogers O’Brien Construction is listed as the project’s general contractor.&nbsp;
 The student housing development would replace Cain and Abel’s, a bar frequented by UT students. The bar that opened in 1991 is still in operation.

New 33-Story Student Housing Tower Planned Near University of Texas at Austin  A developer is set to construct a 33-story student housing tower near the University of Texas at Austin, bolstering the city's position as the busiest construction market for college student apartments in the nation. The project, named 24th and Rio Grande Apartments, will occupy the West End neighborhood, which is adjacent to the university and houses most of the institution's student accommodations. With an estimated budget of $85 million, construction is scheduled to begin in May 2023 and conclude in August 2025.  The University of Texas at Austin leads the nation in student housing projects under construction, boasting 5,318 beds in development, surpassing the University of Washington, the second-ranking school with 4,263 beds. The proposed tower, detailed in an application submitted to the Texas Department of Licensing and Regulation, will cover 344,328 square feet. Additionally, a separate application filed with the city of Au

New 33-Story Student Housing Tower Planned Near University of Texas at Austin

In November, the housing market began to show signs of improved affordability as mortgage rates declined and rents decreased significantly. According to Zillow's latest Market Report, the cost of a new mortgage decreased by 4.8%, leading to a typical monthly mortgage payment in the US dropping by around $100. While Zillow notes that it is unlikely that affordability will significantly improve in the near future, the November data suggests that affordability may stabilize in 2023. The housing market is also showing signs of balancing, with neither buyers nor sellers having the upper hand in negotiations. The RE/MAX National Housing Report for November showed a moderation in prices and a 12% decrease in home sales compared to October's figures. New listings fell to their lowest level of the year, while houses for sale remained on the market for an average of 39 days, which was a week longer than in November 2021. The median sales price in November was $394,000, a 1.3% decrease from October but a 3.7% increase from November 2021. The decline in mortgage interest rates also led to a surge in demand for mortgage refinancing, with the Mortgage Bankers Association's seasonally adjusted index showing a 6% increase in applications to refinance a mortgage last week compared to the week before. However, volume was still 85% lower than during the same period the previous year. Despite the weak demand for new construction, economists expect that if mortgage rates continue to trend down, more buyers may return to the market later in the year as affordability improves. Potential market-moving reports for the week of December 26th include the US Home Price Index, Pending Home Sales Index, Initial and Continuing Jobless Claims, and the Chicago PMI.

Real Estate Market report

West campus in Austin, TX is a vibrant and popular area for students and young professionals alike. It is conveniently located near the University of Texas and offers a wide range of rental options, including houses. Leasing a house in West Campus can be a great option for those who want more space and privacy than an apartment can offer. It also allows for more flexibility in terms of layout and amenities, and can often be a more cost-effective option for groups of friends or roommates. When looking for a house to lease in West Campus, there are a few key things to keep in mind. First, location is crucial. West campus is a large area, so make sure to do your research and choose a location that is close to campus, public transportation, and other amenities that are important to you. Second, consider your budget. Houses in West Campus can vary greatly in price, depending on the size, age, and amenities of the property. Be sure to set a budget and stick to it, and don't be afraid to negotiate with the landlord to try and get the best deal possible. Third, think about what you need in a rental property. Do you need a certain number of bedrooms and bathrooms? Do you want a yard or other outdoor space? Do you need parking? Make a list of your priorities and use it to guide your search for the perfect house to lease in West Campus. Finally, start early and lock in your property as early as possible as demand for houses close to UT is very high, and available houses for rent are very few.&nbsp; Overall, leasing a house in West Campus can be a great option for those looking for more space and flexibility in their rental. With its central location, wide range of rental options and vibrant community, West Campus is an excellent place to call home.

Leasing a house for Aug 2023 pre-lease in West Campus. 

The most expensive apartment for sale in downtown&nbsp;<a href="https://www.mansionglobal.com/buy/united-states/texas/austin?geocoded_location[locality]=austin&amp;mod=chiclet" target="_blank">Austin</a>,&nbsp;a&nbsp;<a href="https://www.mansionglobal.com/library/penthouse" target="_blank" rel="follow">penthouse</a>&nbsp;in one of the city’s tony towers, has hit the market for $17 million—or for $20 million, it comes complete with its curated collection of furniture and contemporary art.&nbsp;&nbsp;The seller, according to property records, is a limited liability company that made the purchase in 2017.“There are four penthouses in the 37-story hotel/condo tower, whose 16th through 37th floors are condos,” the listing agent said. “This is one of only two facing Lady Bird Lake.” The unit, she added, is the highest-priced condo available in downtown Austin. But it wouldn’t be downtown’s most expensive condo sale, she added. “There was another that sold far north of this price in a non-disclosed sale,” she said. Texas is a non-disclosure state, meaning residential sale prices are not part of public government records.&nbsp; <div class="se-component se-image-container __se__float-none" contenteditable="false"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221215031532.jpg" alt="" data-rotate="" data-proportion="true" data-size="602px,401px" data-align="none" data-file-name="im-685906.jpeg" data-file-size="153431" data-origin="," data-index="4" origin-size="1050,699" style="width: 602px; height: 401px;"></figure></div> “The seller took it down to the studs and reconfigured the walls and opened up the layout,” . The listing agent declined to identify the seller and described him as a European entrepreneur and art collector.&nbsp;&nbsp;Designed by Los Angeles-based interior designer Thomas Schoos, who specializes in hospitality-industry design and whose residential celebrity clients have included Will Smith, Ellen DeGeneres, Jessica Simpson, and Courtney Cox, the penthouse is “cutting edge,” the listing agent said. “It’s the kind of design you see in major cosmopolitan cities like New York City and L.A. This really sets it apart from other properties in Austin, where you rarely see a design that pushes the limits.”&nbsp; <div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221215031904.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="609px,404px" data-align="none" data-file-name="image.png" data-file-size="545956" data-origin="," style="width: 609px; height: 404px;" data-index="1"></figure></div> Mr. Schoos said that he wanted the penthouse to reflect the culture of the city, which is known for “its university, its great food and music,” and to exploit the “amazing sunsets and sunrises.”The 3,617-square-foot condo includes 20-foot ceilings in the living room and primary suite, a massive chandelier that hangs over the main living space, and a floor-to-ceiling fireplace.The kitchen is dominated by a concrete center island that has embedded range burners. Other amenities of the room include a custom dining table with a TV in the ceiling that lowers to viewing height, a built-in espresso machine, a cigar humidor, two wine refrigerators and two refrigerators. <div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221215032100.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="610px,406px" data-align="none" data-file-name="im-685897.jpeg" data-file-size="109649" data-origin="," style="width: 610px; height: 406px;" data-index="2"></figure></div> In the primary suite, there is a sliding door made of vintage leather belts that Mr. Schoos said was created by the lead designer of Mercedes-Benz and took eight months to complete. There also is a custom swing at the foot of the bed. A custom Gucci sitting area, complete with a Versace chandelier, offers commanding views of the city as does a private patio. The bathroom is revealed by an enormous pair of rolling doors. Heated floors, a large steam shower, a custom fabric-wrapped tub and a TV built into the floor complete the space.The listing agent said the seller is parting with the property “because he’s based in Europe and has not been using it.”Mr. Schoos, who spent two and a half years working on the penthouse, said he’s sad to see it change hands.&nbsp; “It’s one of my favorite places.” <div class="se-component se-image-container __se__float-none" contenteditable="false"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221215032247.jpg" alt="" data-rotate="" data-proportion="true" data-size="611px,917px" data-align="none" data-file-name="im-685901.jpeg" data-file-size="150230" data-origin="," data-index="5" origin-size="1050,1575" style="width: 611px; height: 917px;"></figure></div> If you're in the market for a condo in downtown Austin, Texas, there's no better source of information than REspace Austin. This comprehensive real estate website has a wealth of information about the latest condos for sale in the downtown area, making it easy for you to find the perfect place to call home. One of the things that set Respace Austin apart from other real estate websites is the sheer amount of information they provide about each property. In addition to the standard details like price, square footage, and the number of bedrooms and bathrooms, Respace Austin also includes information about the building itself, including amenities, parking options, and even the view from the unit. This level of detail makes it easy for you to get a feel for the property and decide whether or not it's the right fit for you. Another feature that makes Respace Austin the go-to source for information about condos for sale in downtown Austin is the interactive map feature. With this tool, you can see exactly where each property is located in relation to the city's major landmarks, making it easy to find a condo that's close to the things you love. Plus, the map is fully zoomable, so you can get a detailed look at the surrounding area and see what's nearby. But Respace Austin isn't just a great resource for finding a condo. They also offer a wealth of information about the downtown Austin area itself, including information about local schools, restaurants, and other amenities. This makes it easy for you to get a feel for the neighborhood and decide whether or not it's the right fit for you. Overall, if you're in the market for a condo in downtown Austin, Texas, Respace Austin is the best source of information available. With detailed listings and an interactive map feature, you'll have everything you need to find the perfect place to call home.

The Most Expensive Condo for Sale in Austin Is Now This $17 Million Aerie

Written by Michele Lerner 
 Dec. 5, 2022 10:20 am ET
 Curated by Tony Lazarov When Tim and Robin Wentworth began searching for a second home, they quickly realized that time was a top priority. The Wentworths, both 62, planned to split their time between their homes in northern New Jersey and&nbsp;<a href="https://www.mansionglobal.com/buy/united-states/texas/austin?geocoded_location[locality]=austin&amp;mod=chiclet" target="_blank">Austin</a>,&nbsp;Texas. “We looked at Florida, the Outer Banks of North Carolina and other parts of Texas but realized that Austin is less than a three-hour flight from almost anywhere in the country,” said Mr. Wentworth, retired CEO of Evernorth, Cigna’s health services organization and Express Scripts. “Plus, our daughter lives in Austin and it has a super easy airport.” The Wentworths landed on Lake Austin, a 22-mile body of water with dams at either end that has become one of Austin’s most exclusive—and expensive—areas. Variously called the “Malibu” or “Napa” of Austin, the waterfront properties in the most sought-after neighborhoods along the lake range in asking price from $6 million for a possible teardown to more than $50 million, said Kumara Wilcoxon, a real estate agent with Kuper Sotheby’s International Realty in Austin. Celebrities and multimillionaires who own waterfront property on Lake Austin include Matthew McConaughey, Sandra Bullock, Mike Judge, Joe Rogan and Michael Dell. The single-family homes, which include both primary residences and vacation homes, will soon be joined by the Four Seasons Private Residences Lake Austin, a 179-home luxury community to be built on a cliff overlooking the lake.“This part of Austin is highly desirable because you get the benefit of waterfront living just 20 minutes from downtown Austin,” said Crystal Olenbush, a real estate agent with AustinRealEstate.com. “Lake Travis is larger, but it’s 45 minutes to an hour from downtown.” Lake Austin is part of the lower Colorado River, but the dams keep the water at a constant level, said Jim Olenbush, broker and founder of AustinRealEstate.com. On nearby Lake Travis, the water level can fluctuate by as much as 50 feet, which affects the view for homeowners and their boat docks, he said.“Lake Austin and the Pennybacker Bridge are beloved landmarks in Austin,” said Ms. Wilcoxon. “This is a peaceful tree-lined stretch of the Colorado River and is popular for motorboats and water sports. You can take your boat to restaurants on the lake, too.” <div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221205013121.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="748px,421px" data-align="none" data-file-name="image.png" data-file-size="1230827" data-origin="," origin-size="1050,591" style="width: 748px; height: 421px;" data-index="0"></figure></div> Renovated properties inside the Loop 360, a commuter route into Austin, range from $20 million to $40 million if they’re renovated, Ms. Olenbush said. Homes along Lake Austin outside that loop start at $10 million or sometimes $7.5 million if they need renovation.Celebrities tend to live off the winding roads in the hills above Lake Austin in hidden and gated waterfront properties, said Ms. Wilcoxon.“A lot of the homes on Lake Austin have elaborate boat docks, some of them with two-story guest houses with kitchens for entertaining,” Ms. Olenbush said. “Homes on the Tarrytown side of the lake tend to have smaller lots but they’re right on the water and have easily accessible boat docks. Some of the other homes are built on terraces up in the hills with beautiful views and a path or steps down to their docks.”Many of Lake Austin’s buyers already live near the lake and are upgrading to new homes with a better view or lot, said Ms. Wilcoxon. Others live in different parts of Austin.“We’re also seeing a lot of people from California, Chicago and New York and international buyers,” she said. <h2>Condos Add to the Luxury Mix</h2>Buyers around the world are the target of the developers at Four Seasons Private Residences Lake Austin, which is being built on a 145-acre bluff above 3,000 feet of shoreline. Sixty percent of the land will be dedicated green space, said Jonathan Coon, a serial entrepreneur and co-founder of Austin Capital Partners, developer of Four Seasons Private Residences Lake Austin. He is also a future resident of the community.“It’s an unusual site with amazing views of a 90-degree bend in the lake, the Pennybacker Bridge, the Austin skyline and hill country,” Mr. Coon said. “We built a $25 million funicular—basically, two enclosed glass cubes—that take residents from the homes and amenities on the hill to the private marina on the lake.” <div class="se-component se-image-container __se__float-none" contenteditable="false"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221205013732.png" alt="" data-rotate="" data-proportion="true" data-size="756px,503px" data-align="none" data-file-name="image.png" data-file-size="857630" data-origin="," data-index="2" origin-size="1050,699" style="width: 756px; height: 503px;"></figure></div> The Four Seasons Lake Austin condos, which range in size from 1,900 to 7,000 square feet, are priced from $4.1 million to more than $20 million; 53 of the units will have a private pool.“Even though each building is a maximum of four stories, the views are like living in a luxury tower because they’re built nearly 400 feet above the lake,” Mr. Coon said. “We worked backward from the views, so each home covers an entire floor and will have a water view, a 12-foot-deep terrace at the front and a 9-foot-deep terrace at the back.” Most of the buyers plan to make this their permanent residence, Mr. Coon said. About 75% of the buyers are from Austin and elsewhere in Texas so far, with the other 25% primarily from California, Nevada, New Jersey and New York.“There’s a lot of excitement about the Four Seasons Lake Austin because there’s nothing else like it on the lake,” said Ms. Wilcoxon, who is unaffiliated with the development. “It’s unique to have a condo right on the waterfront with a marina.”The Four Seasons reputation precedes this development. Earlier in 2022, Ms. Wilcoxon sold a condo listed for $19.5 million at the Four Seasons Residences in downtown Austin, the highest-priced condo sale in the city so far.“People looking for a lock-and-leave luxury lifestyle are likely to be drawn to the condos at the Four Seasons Lake Austin,” Mr. Olenbush said. In addition, the amenities, including a private restaurant, a 96-seat theater, indoor and outdoor swimming pools; indoor tennis, squash and pickleball courts, a spa and a marina staffed by the Four Seasons, appeal to people, like the Wentworths, who want all of the relaxation without the need to manage their own staff.“We thought about buying a single-family home in Lake Austin, but it wouldn’t have been turnkey and frictionless,” said Mr. Wentworth, who bought “one of the largest units,” with 5,000 square feet and 1,500 square feet of terraces. “Time and quality are fundamental to a good lifestyle.”&nbsp;

The ‘Malibu of Texas’ Bucks Austin’s Downturn

<h2 style="text-align: start">The coming year could be ripe with real estate investment opportunities.</h2>2022 wasn't a fantastic year for investors across the board. The stock market fell 16% year over year, with several dips into the bear market territory. Real estate didn't fare much better. The median home price reached its highest point in history, then came down quickly as home buying shuddered in a high-inflation, high-interest-rate environment.The high prices, high cost of borrowing, high competition, and tremendous economic volatility mean a lot of real estates investors have stayed on the sidelines over the last few years, waiting for better buying opportunities. The good news is that 2023 could be the year real estate investing explodes once again. Here's why. Why 2023 could be a great year for buying Red-hot real estate markets are great for those who already own investment properties because they benefit from rising values and higher demand. But it's not the easiest time to acquire new properties. High competition means you're battling multiple offers that often exceed your desired purchase price. It also means you're likely paying more for the property. Price isn't the only factor that impacts the profitability of a real estate investment. Demand, cash flow, and cost of borrowing are also important factors that directly determine an investment's return. But the price is a big piece of the equation. Prices are still positive, but many experts and analysts predict a negative trajectory for 2023.Goldman Sachs is predicting home price growth&nbsp;<a href="https://www.fool.com/the-ascent/mortgages/articles/investment-banking-giant-sounds-a-warning-the-housing-market-has-further-to-fall/">could stumble to 0%</a>&nbsp;in 2023. Other analysts are more optimistic, saying demand and prices could continue to grow as long as rates don't keep climbing.? <h2 style="text-align: start">A few things to consider, though</h2>Prices may be more affordable in the coming year, but rising interest rates will still be an issue. The Federal Reserve has taken a&nbsp;<a href="https://www.fool.com/investing/2022/11/16/why-upstart-sofi-and-affirm-plummeted-today/">hawkish stance</a>&nbsp;on the continued hike of the&nbsp;<a href="https://www.fool.com/investing/how-to-invest/federal-funds-rate/">federal funds rate</a>&nbsp;in 2023. The federal funds rate doesn't determine mortgage rates, but it does impact them. At the start of December, mortgage rates were around 7% for a 30-year fixed-rate mortgage on an investment property. That could easily climb another two to three percentage points in the coming year if the Fed continues to hike rates to cool inflation. Higher interest rates translate into a higher monthly mortgage payment, which eats into the cash flow of the property.Rental demand is also falling. This means investors should be extra cautious when running their numbers on an investment property in the coming year because the rental rate you secure in 2023 could be a lot lower than market rents today. But those factors shouldn't stop you from investing. Rental vacancies and home-buying demand were at one of their lowest points in history during the&nbsp;<a href="https://www.fool.com/investing/2022/11/16/why-upstart-sofi-and-affirm-plummeted-today/">Great Recession</a>. Yet the years following were among the best times in history to purchase real estate property. We're still a long way off from seeing a major housing correction as we saw from 2008 to 2012. The key is to focus on cash flow and risk mitigation as you're buying. Those who purchased the property with the long term in mind have been rewarded handsomely over a 10- to the 20-year period, and it's likely 2023 could bring similar opportunities.

2023 Could Be an Explosive Year for Real Estate Investing. Here's Why.

A person with a $1 million home mortgage is now considered the average Joe.&nbsp; The mammoth-sized loans are getting to be more common with home prices still on the rise, annually, despite higher interest rates and a rapid cooling of the housing market. Indeed, the cost of a house is now so high that Fannie Mae and Freddie Mac — the two government-sponsored enterprises created to help everyday people finance homes — in 2023 will be allowed to snap up mortgages&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Conforming-Loan-Limits-for-2023.aspx">up to $1.09 million</a>, a record for the companies.&nbsp;The limit that applies to the highest-cost areas of the country is&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.businessinsider.com/housing-market-mortgage-limits-home-prices-fannie-mae-freddie-mac-2021-11">up from $970,800 last year</a>, for a 12.2% increase, according to the Federal Housing Finance Agency, the regulator which&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Conforming-Loan-Limits-for-2023.aspx">announced the change</a>&nbsp;on Tuesday. Fannie and Freddie are the largest buyers of US home mortgages and are credited with providing constant liquidity in the housing market through their purchases, even during downturns. They bundle the loans into mortgage-backed securities and guarantee payments to investors in exchange for fees. <div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221230094237.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="," data-align="none" data-percentage="auto,auto" data-index="0" data-file-name="high cost.JPG" data-file-size="19030" data-origin="," style=""></figure></div> Their scope in residential markets is capped by the so-called conforming loan limit, which per a 2008 law is set in accordance with changes in home prices. Outside the priciest areas of the country — which include areas around New York, Washington, DC, and coastal California — the conforming loan limit will also rise by 12.2%, to $726,200. Considering how much home prices have increased from last autumn to now, the uptick makes sense. The FHFA's index of home values on Tuesday showed US prices increased by 12.21%, on average, in the four quarters through September. For reference as to just how much a typical home costs these days, the median home price on the online&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.realtor.com/research/tag/home-prices/">marketplace&nbsp;</a><a target="_blank" rel="noopener noreferrer nofollow" href="http://realtor.com/">Realtor.com</a><a target="_blank" rel="noopener noreferrer nofollow" href="https://www.realtor.com/research/tag/home-prices/">&nbsp;</a>was $425,000 in October, lower than the peak of $450,000 in June but significantly higher than the $380,000 of the same month last year.&nbsp;&nbsp; The higher conforming loan limits are designed to help more Americans buy homes but overall measures of affordability have worsened sharply as 30-year mortgage rates have doubled in the past year. Housing experts have predicted that&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.businessinsider.com/pandemic-hotspots-descending-back-to-earth-pheonix-denver-2022-11">home sales will continue</a>&nbsp;to decline, curbing home price increases at best, or causing steep declines in some places.?

US government entities Fannie Mae and Freddie Mac were just cleared to purchase mortgages of over $1 million for the first time because home prices are still so high

Written By: Darby Wagler
 Updated: Nov. 28, 2022 9:12 am EST
 Curated by Tony Lazarov Going from living in a home with ceiling fans to one without them can be quite jarring, especially in the bedroom. According to&nbsp;Kenner Electrics, we rely on them when sleeping for a few reasons: They cool or warm the air, make the space feel more comfortable, and can emit a soothing sound that some need to fall asleep. Because of these perks, many keep their ceiling fan spinning all night long. And, once they leave the room in the morning, they usually neglect to turn it off, so the blades continue circulating throughout the day. This cycle could continue for months without the fan ever being switched off.&nbsp; While this may seem harmless, there are two main reasons why you shouldn't leave your ceiling fan on in an empty room. Further, here's a tip for how to get into the habit of turning off your fan: Treat it like a light. Just as you switch off all your lights when you leave your home, you should do the same with your ceiling fans, per South End Plumbing.&nbsp; <h2>Ceiling fans don't cool the air </h2><div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221129082826.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="768px,432px" data-align="none" data-file-name="image.png" data-file-size="400970" data-origin="," style="width: 768px; height: 432px;" data-index="0"></figure></div>Some believe that ceiling fans work to cool the air in a space, which is why many keep them on all day. However, as South Central Power Co. says, fans make us feel cooler by creating a breeze by spinning the air, but they don't actually affect the temperature in a room. Vastola Heating Cooling&nbsp;notes that fans also help evaporate the sweat off of us, which in turn makes us feel less warm. Therefore, if a fan is spinning in an empty room, it's doing nothing, as fans are only useful when there's someone underneath them. Further, because these fans run on electricity, they can actually work to slightly heat the air. As Forbes&nbsp;points out, the motor that spins the blades does emit a small amount of heat, which is redistributed back into the room. So, while a fan may make you feel colder, it's actually working to make the air just a tiny bit warmer. <h2>Ceiling fans don't save energy (on their own) </h2><div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221129083259.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="," data-align="none" data-percentage="auto,auto" data-file-name="image.png" data-file-size="163543" data-origin="," style="" data-index="1"></figure></div> Other folks may have been told that using a ceiling fan will automatically save them money on their energy bills. However, this is not the case; in fact, if you continue to use your air conditioner as normal but also turned on the fan, you'd be making your energy bill more costly (only by pennies per hour, per Pick HVAC, but still). According to Hoffman Electrical and AC, if you want to reduce energy costs while using your ceiling fan, you'll need to do three things: raise the temperature on your thermostat, turn off the air conditioner whenever possible, and turn off the fan when you leave a room. This could save you money because you'll pay less to cool your home with your air conditioner, assuming that your ceiling fan alone can create a comfortable temperature. If you do all this, you could save 15% on your energy bill (before factoring in the cost of the ceiling fan's energy). Also, if you have a window air conditioner, a ceiling fan can help distribute the cold air in the room — though it won't save you money, per South End Plumbing. And, if your home has warm or cold areas, a fan could make the space's temperature feel more even.&nbsp;

Why You Shouldn't Leave Your Ceiling Fan On If You Aren't Home  

The Most Important Factors To Identify Before Buying A Home  

Written By: Daniel Feininger
 Nov. 19, 2022 5:00 PM EST
 Curated by Tony Lazarov A quick claim deed is a type of real estate transaction document that can be employed when selling a property or amending the ownership information regarding a home. Investopedia notes that quick claim deeds involve additional risk over the traditional warranty deed that is used during most&nbsp;home-buying efforts. The warranty deed is the standard practice when it comes to a typical real estate purchase. Warranty deeds involve protections for both the buyer and the seller, and they ensure that liens or other obligations associated with the property aren't transferred unwittingly to a new owner. A quick claim deed, also known as a quitclaim deed or simply a quitclaim, doesn't involve this same level of protection. Therefore, a buyer who transfers ownership to themselves through the use of a quick claim deed might be on the hook for additional fees, tax liens, or other financial obligations tied to the property. However, there are some aspects of a quick claim deed that are immensely beneficial, and they often find use in certain regions of the real estate marketplace. Continue reading to learn if the quick claim deed is the right way to approach the maintenance of your real estate interests. <h2> These deeds involve greater speed in transferring ownership or amending information </h2><div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221121013256.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="659px,371px" data-align="none" data-file-name="Capture.JPG" data-file-size="62595" data-origin="," style="width: 659px; height: 371px;" data-index="0" origin-size="975,550"></figure></div> The primary benefit of the quick claim deed is the fact that it is indeed quick. The formal processes involved in a traditional warranty deed can drag the transfer of ownership out by a significant margin. These types of deeds involve numerous checks, additional documentation, and more. Conversely, a quick claim deed is a simple process of transferring ownership entirely, warts and all, so to speak. But, LegalZoom suggests that quickclaim deeds are the preferred method in certain regions of the real estate market (particularly when a sale isn't happening). This may occur when selling a property that has been repossessed, or when two people get divorced and need to settle ownership issues involved in their jointly held home. The quick claim deed is the fastest means of amending discrepancies or issues in the existing documentation or transferring the ownership of a property from the bank or other lender to a new buyer in an effort to recover a debt. Speed is highly prized in these types of scenarios and so quick claim deeds are typically employed instead of the more substantial warranty deed that is found in a more traditional real estate transaction. <h2>Quick claim deeds are often employed when changing the specifics of a deed among family members </h2><div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221121013933.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="664px,373px" data-align="none" data-file-name="image.png" data-file-size="361168" data-origin="," style="width: 664px; height: 373px;" data-index="1" origin-size="780,438"></figure></div> Quick claim deeds may be used as a favored means of amending a home's title as well. If you own a property and then get married, using a quick claim deed is the best way to add your spouse as a co-owner of the home. Similarly, if you are gifting or willing your home to a family member, quick claim deeds make this transference faster and easier than the typical process involved in selling the property to a third-party buyer. When dealing with family members, the people involved in the transaction know each other intimately and are far less likely to fall victim to scams or other malfeasance. As a result, the relative degree of risk involved in the new owner taking possession is minimized substantially or entirely. Therefore, the risk involved in the use of a quick claim deed falls by the wayside, as it really only applies when dealing with people you don't know or don't trust for some reason or another. Quick claim deeds are an excellent way to amend a title record or to transfer ownership to a family member in a simple and rapid process, but Investopedia notes that this should only really be used when you trust the other person involved.

What Is A Quickclaim Deed When Selling A House? 

Written By: Ben Dreith Published November 17, 2022 Curated by Tony Lazarov Architecture studio&nbsp;<a href="https://www.dezeen.com/tag/hks/">HKS</a>&nbsp;has released plans for a&nbsp;<a href="https://www.dezeen.com/tag/supertall-skyscrapers/">supertall skyscraper</a>&nbsp;to be built in&nbsp;<a href="https://www.dezeen.com/tag/austin/">Austin</a>, Texas, which will be the tallest building in the state. <a href="https://www.hksinc.com/our-offices/austin/">HKS Austin</a>&nbsp;released plans for an 80-storey, 1,035-feet-tall (315 metres) skyscraper called Wilson Tower, which will be wrapped in a brise soleil. <div class="se-component se-image-container __se__float-center" contenteditable="false"><figure style="margin: auto; width: 676px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221118013705.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="676px,451px" data-align="center" data-file-name="Hk2.jpg" data-file-size="117636" data-origin="," origin-size="852,568" style="width: 676px; height: 451px;" data-index="0"></figure></div>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HKS announced the design of a super-tall skyscraper in Austin. Taking up a half-block location on 5th Street in downtown Austin, the tower will feature a raised pedestal that cantilevers over the ground-level walkways with concrete columns.The tower itself will rise from the podium level and will be relatively flat with expansive glazing on the broadsides of the structure and a metal brise-soleil that wraps around the narrow sides, covering the rounded top. <div class="se-component se-image-container __se__float-center" contenteditable="false"><figure style="margin: auto; width: 679px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221118020100.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="679px,452px" data-align="center" data-file-name="kh3.jpg" data-file-size="100196" data-origin="," origin-size="852,568" style="width: 679px; height: 452px;" data-index="1"></figure></div>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The skyscraper will be 80-storeys tall "Our vision for Wilson Tower is to set a new bar in skyscraper residences for Austin that we believe will foster creativity and social connection," said HKS Austin principal Brad Wilkins."Along with welcoming outdoor terraces and gardens, the tower itself is wrapped in a brise soleil that offers protection from the hot Texas sun and wind while also providing structural strength.""This brise soleil gives the building uniquely shaded and comfortable outdoor living spaces on every level," he continued. <div class="se-component se-image-container __se__float-center" contenteditable="false"><figure style="margin: auto; width: 679px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221118020904.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="679px,453px" data-align="center" data-file-name="hk3.JPG" data-file-size="149902" data-origin="," origin-size="1065,710" style="width: 679px; height: 453px;" data-index="2"></figure></div>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It will have a podium and restaurants on the ground level According to the studio, the brise soleil is a specific response to the hot Texas summers. The shading will take on two different forms on the facade of the structure.On the podium, classic vertical louvres will be used to shade the interiors, while the tower itself will be covered in a blocky metal structure that changes its profile depending on the needs of the apartments. <div class="se-component se-image-container __se__float-center" contenteditable="false"><figure style="margin: auto; width: 680px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221118021504.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="680px,453px" data-align="center" data-file-name="hk4.jpg" data-file-size="99037" data-origin="," origin-size="852,568" style="width: 680px; height: 453px;" data-index="3"></figure></div>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The tower will be covered in brise soleil The residential tower is being developed by Austin-based&nbsp;<a href="https://wilson-capital.com/" target="_blank" rel="noopener">Wilson Capital</a>&nbsp;and will have 450 apartments."We believe it is important to add intentionally designed density along the city's transit corridors to accommodate the unprecedented level of population growth Austin is experiencing," said Wilson Capital founder Taylor Wilson. Along with the variety of housing options, which span from studios to four-bedroom homes, the development will have amenities on the podium. These include a ground-floor restaurant, movie theatre, coworking spaces and a fitness centre, and the top of the podium will be a pool deck.<a href="https://brittdesigngroup.com/">Britt Design Group</a>&nbsp;will be in charge of the interiors while&nbsp;<a href="https://www.nudgedesign.com/">Nudge Design</a>&nbsp;will carry out the landscaping work on the property. <div class="se-component se-image-container __se__float-center" contenteditable="false"><figure style="margin: auto; width: 679px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221118022708.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="679px,452px" data-align="center" data-file-name="hk5.jpg" data-file-size="99706" data-origin="," origin-size="852,568" style="width: 679px; height: 452px;" data-index="4"></figure></div>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If completed it will be the tallest skyscraper in Texas A number of supertall skyscrapers have recently been announced in Austin, many vying for the title of Texas' tallest building. In&nbsp;<a href="https://www.dezeen.com/2022/09/08/kpf-waterline-supertall-skyscraper-austin/">September Kohn Pedersen Fox broke ground on Waterline</a>, a 1,022 feet tall (312 metres) skyscraper on the river that runs through Austin. HKS was founded in Dallas in 1939 and has since opened a number of offices in the United States and internationally.&nbsp;Recent projects by the studio in the United States include a&nbsp;<a href="https://www.dezeen.com/2022/03/30/hks-cmnty-cultural-center-black-owned-hollywood/">creative-complex development in Hollywood</a>.

HKS unveils plans for brise soleil-wrapped supertall skyscraper in Austin

Written by: Tamara Warta
 Housedigest Magazine Nov. 17, 2022, 4:19 pm EST
 Curated by Tony Lazarov
 The housing market is always a bit of a rollercoaster, but the ride got a lot steeper and faster once the pandemic hit. What started out as a few weeks of remote work turned into seemingly permanent work-from-home jobs for a large percentage of people. More families have started homeschooling than ever before, while others took advantage of a seller's market and those stimulus checks to move out of town and onto a new destination they love.&nbsp; With all this moving and selling, buying and building, the past few years have been lucrative for real estate agents and home builders. But what does 2023 hold for the homebuilding industry? According to CNBC, the housing market has cooled off — and rapidly so. Buyers are gun shy due to high-interest rates and other uncertainties, meaning that industries like home construction — which rely upon Americans eager for fresh starts — will likely start to suffer.&nbsp; <div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221118120449.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="334px,188px" data-align="none" data-file-name="Article 2J.jpg" data-file-size="68564" data-origin="," style="width: 334px; height: 188px;" data-index="0"></figure></div>According to the National Association of Homebuilders via Housing Wire, homebuilder confidence is at its lowest level since October 2012. Sentiment has continuously fallen for the past ten months, meaning that 2022 was a time of slowing&nbsp;development. But will 2023 see an upswing? The answer is likely no.&nbsp; While the COVID-19 years brought low-interest rates combined with restlessness from many families desiring larger living spaces, the nation's time coming out of the pandemic has had the opposite effect. Interest rates have soared, living expenses including grocery and gas prices have skyrocketed, and many Americans are simply trying to survive instead of thriving.&nbsp; Housing Wire quotes&nbsp;Robert Dietz, the NAHB's chief economist as saying that this is the first time there's been a decline in housing starts since 2011. It's becoming crystal clear that in order to capture the interest of potential new home buyers, interest rates will need to come down again.&nbsp; Buyers pulling out <div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221118120650.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="361px,202px" data-align="none" data-file-name="Article 3J.jpg" data-file-size="60631" data-origin="," style="width: 361px; height: 202px;" data-index="1"></figure></div>Unfortunately, a lack of interest in new homes isn't the only issue that home builders are facing — a decent percentage of folks are canceling contracts on home builds already in progress or set to start. According to the National Association of Realtors, single-family home construction declined by 10% this year and is expected to dip further in the new year.&nbsp; The reason? Besides scary interest rates, mortgages are more expensive and material prices are also much higher than in past years. All of these expenses are passed on to the&nbsp;homeowner, causing a financial panic for the average family. In fact, the Commerce Department states that since January 2020, it now costs 35.7% more to build a new home.&nbsp; So are any areas of the housing market thriving? It seems a good time to be a landlord. Rentals are in great demand, and multi-generational homes are more common than ever as young people can't afford to move out, and others are moving back in to care for aging parents. There are also plenty of perks with renting. As My Move explains, millennials are fine with letting landlords handle repairs, yard work, and more, as renters are too preoccupied with earning a living wage, raising a family, and trying to find a healthy balance.

What Homebuilders Are Predicting For The Real Estate Market In 2023

Written by: Tahera Rahman
 Posted: Oct 10, 2022 / 09:43 PM CDT
 Curated by Tony Lazarov
 AUSTIN (KXAN) — Austin City Council members are set to vote this week on one of two proposed rate hikes for your Austin Energy bill, which would go into effect next month.There are two major components of all residential and commercial customers’ bills, explained Austin Energy spokesperson Matt Mitchell, the base rate, and the pass-through rate.Both are proposed to increase this year, and if city council members approve them, would total about $35 more per month for the average customer, Mitchell said. <h2 style="text-align: start;">Pass-through rate increase</h2>First, up for a council vote is the pass-through rate. City council members postponed the vote, so now it’s set to happen on Thursday.As it stands now, this would account for $20 of your bill increase, unless council members change this, and would go into effect November 1st. The pass-through rate is what it costs Austin Energy to buy and supply energy, Mitchell explained.Those costs include the price of energy, regulatory costs from the Electric Reliability Council of Texas (ERCOT), and transmission costs from the Public Utility Commission (PUC) — all of which are outside Austin Energy’s control.Mitchell explained that natural gas for electricity production is higher than it has been since 2008– a 106% increase just since last year. He said these are costs the agency has already paid, and now need to be recovered.“The important thing to remember is that Austin Energy is a publicly owned utility. There is no other way for Austin Energy to recover the costs, except through the fees that we have for our customers,” he said.Mitchell said pass-through rates go into effect once a year. He said the council set that timeline so that customers can budget for the whole year. <div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221230083849.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="," data-align="none" data-percentage="auto,auto" data-index="0" data-file-name="Energy Hike.JPG" data-file-size="34342" data-origin="," style=""></figure></div> “At the same time, we’re seeing so much market volatility right now in terms of energy prices and inflationary prices that council members have asked about alternate timelines,” he explained. “So… are these rates something that we should revisit every six months, or every three months?” That’s one of the options Mitchell said they’ve been discussing with city council members, and will continue during Tuesday’s work session ahead of Thursday’s vote.“Is there a way to phase in these costs and to… recover those costs, I should say, so that it minimizes the impact to ratepayers, while still making sure that the utility is financially sound? Those are the questions that really need to be answered,” he said. <h2 style="text-align: start;">Base rate increase</h2>Mitchell said city council members are set to vote on the base rate increase on November 17th.As it stands now, this would account for $15 of your bill increase, unless council members change it, and would go into effect in January. Mitchell said they review the base rate every several years, as required by law (no longer than five years). This is what it costs to repair poles and wires and pay for employees and trucks. That review process was scheduled for this year and began back in April. He explained that Austin Energy is increasing this rate because operational needs are increasing with a growing population.The change would also include a different tier system, going from five to three, and resulting in smaller energy users seeing a bigger percentage increase in bills.Mitchell explained the current structure is more than 15 years old. “[It] was predicated on the highest users basically providing for the lowest users,” he said. “But part of the issue is… there are not enough of those high users… to fully supplement those that consume less energy. So, what we’re trying to do is bring all energy all levels, all tiers closer to the actual cost of serving them. And that was the impetus behind that proposal to go from five tiers to three.”“A phrase from where I’m from… It’s like… squeezing blood from a rock,” said Caroline Messmer, a Midwest transplant in Austin. “A lot of people’s incomes are staying the same, but prices are rising with rent, now potentially energy, with groceries, it’s– where are these people gonna get their money from to pay this?”&nbsp; <div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221230085301.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="595px,353px" data-align="none" data-index="1" data-file-name="ENERGY HIKE2.JPG" data-file-size="60666" data-origin="," style="width: 595px; height: 353px;"></figure></div> She’s already dealing with a rent increase. “So, I’ve had to reallocate funds to accommodate that,” Messmer said, explaining she’s cut back on what goes into her retirement fund.She’s also pitching in with her mom and sister as grocery prices increase.“We kind of band together and do Costco runs together, so we can split that cost three ways,” she explained.So, a proposed increase of about $35 per month in her energy bill isn’t what she wants to hear. “I can’t split my energy bill with them because they don’t live in my household. And I would definitely have to re-budget, my monthly income,” Messmer said.She said her salary is staying the same as other parts of her budget go up, and she can’t imagine what others on fixed incomes would do.“I would feel the pressure, and I am just myself in my household. "My sister is a single mother, and she would definitely feel that,” Messmer said.Businesses have also been vocal about their opposition to both rate hikes. Applied Materials, for example, told KXAN they’d be paying millions of extra dollars for energy. “You’re looking at operational costs that have to be covered, and you’re looking at pass-through costs that have to be recovered. So, that’s not going away. And what the long-term solution is is what we’re working on right now with council members,” Mitchell said.Mitchell said usually these two rate changes are nominal; one charge will go up and one will go down. This time, he said not only Austin Energy seeing the highest natural gas prices in 15 years, but the pass-through rate increase is coinciding with the base rate review and increase.“It’s just one of those sets of perfect storms where there is going to be an impact. The question is how to minimize that impact as much as possible for both our commercial and residential customers,” he said.

Austin city council members to vote on one of two energy rate hikes this week

Written By: Mike Christen
 Austin Business Journal, Aug 17, 2022
 Curated by Tony Lazarov
 



 As owners of more than 40 properties on the famed downtown strip between Brazos Street and I-35, Stream Realty Partners LP aims to elevate the three-block area that has a reputation for late-night drunken revelry into a central location that will continue to uphold and preserve the city’s identity as a haven for musicians and artists — with an emphasis on local business and organizations already operating in Austin. Stream Realty Senior Vice President&nbsp;<a href="https://www.bizjournals.com/austin/search/results?q=Caitlyn%20Ryan">Caitlyn Ryan</a>&nbsp;told the Austin Arts Commission on Aug. 15 that the firm felt a responsibility to improve the street located in the heart of the Central Business District. “As local Austinites, we thought it was our duty to come here and really create something special,” said Ryan, who is based out of the firm's Austin office at the corner of Congress Avenue and Sixth Street.“It’s not a renovation, it's a revitalization,” Ryan added. “We are going to come and spend a lot of our own money to create a district-wide feel and have this be something that Austin can be really proud of. Music and arts are what drive this district as something that we can all be proud of. A safe haven for local Austin businesses. We want to be safe haven.” Stream ranked No. 2 on ABJ's&nbsp;<a href="https://www.bizjournals.com/austin/subscriber-only/2022/01/28/the-list-austin-area-commercial-real.html">most recent list of property management firms</a>. Its development portfolio includes the&nbsp;<a href="https://www.bizjournals.com/austin/news/2020/07/09/inside-the-office-of-the-future.html">15-story RiverSouth</a>&nbsp;office building, rising on South First Street.The company was founded in 1996 and is involved in more than $5.8 billion in real estate transactions annually, according to its LinkedIn page.Ryan said the most transformative projects on the street will occur in spaces that have been determined to have the least historical significance. <div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221230082037.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="597px,351px" data-align="none" data-index="1" data-file-name="Sixth Street.JPG" data-file-size="129393" data-origin="," style="width: 597px; height: 351px;"></figure></div> “We want to get some people down there and to make Sixth Street an 18-hour day,” Ryan said. “Sixth Street does not have a bar problem. It has a ratio problem. Right now it is 5% restaurants and 95% bars. We just want to even that out a bit. We have a great opportunity to start that. We want to be careful with who we get into these buildings because we want to make sure everybody is rowing the ship in the same direction.” Stream has requested that the City of Austin approve construction up to 122 feet for an office building in the district's 600 blocks and more than 70 feet for a new 150- to 160-room hotel on the 500 blocks.Building heights are capped at 45 feet in much of the district, but on June 9 City Council&nbsp;<a href="https://www.bizjournals.com/austin/news/2022/06/20/historic-designation-concerns-sixth-street-project.html">unanimously voted to direct staff to create a code amendment</a>&nbsp;that, if passed, would allow Stream to move forward with their plans to build up. The change requires approval from the Historic Landmark Commission and the Planning Commission before it can be brought to Council for a second reading prior to a Nov. 3 deadline.Stream is now moving forward with drafting the architectural plans for the proposed hotel and commercial high-rise. “To the extent that we can keep Austin’s flavor, I am there 100% because I have been here 46 years and I have seen everything change so much,” said&nbsp;<a href="https://www.bizjournals.com/austin/search/results?q=Maria%20Luisa%20Flores">Maria Luisa Flores</a>, a member of the commission. “I have seen a lot of things go away but it is sad because it means a lot of artists and musicians lose out on opportunities. I appreciate that sensitivity and including that in your vision. I am excited to hear all this.” Ryan said the office building will bring at least 600 new parking spaces downtown and the hotel will include a below-ground music venue.“It can be something that represents Austin, in a unique way, can demonstrate Austin’s history,” Ryan said.Meanwhile, the 600 blocks is planned to be the site of a new office building meant to channel&nbsp;<a href="https://www.bizjournals.com/austin/news/2022/06/30/live-music-to-continue-to-define-sixth-street.html">Radio City Music Hall</a>&nbsp;in New York City.“We want it to be where people forget that it is an office building,” Ryan said. <div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221230081428.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="592px,334px" data-align="none" data-index="0" data-file-name="Sixth Street Overview.JPG" data-file-size="93352" data-origin="," style="width: 592px; height: 334px;"></figure></div> A rooftop venue is planned for the 700 blocks of the strip.Stream also plans to remove access to street parking and extend sidewalks to a total of 25 feet to allow for outdoor cafes and installations. The sidewalks are currently 12 feet wide. Outdoor exhibitions will be organized by a dedicated curator, Ryan said.“Music and arts are what drive this district as something that we can all be proud of,” Ryan said. Stream's plans coincide with efforts at City Hall to protect Austin's reputation as the Live Music Capital of the World.On July 28 City Council&nbsp;<a href="https://www.bizjournals.com/austin/news/2022/08/05/austin-music-veneus-definition-city-hall.html">approved an ordinance</a>&nbsp;that starts the process of defining a "live music venue" in city code, paving the way for music venues to tap into city programs and revenue previously out of reach.The move also coincides with the newly established&nbsp;<a href="https://www.bizjournals.com/austin/news/2021/12/01/austin-edc-begins-cultural-trust-work.html">Iconic Venue Fund and Cultural Trust</a>, which in July identified&nbsp;<a href="https://www.bizjournals.com/austin/news/2022/07/25/cultural-trust-to-protect-austins-music-venues.html">14 live music venues and creative spaces</a>&nbsp;that are eligible to receive millions of dollars in funding.On Sixth Street, Stream is working to uncover and highlight the district’s value to the general public with the assistance of Preservation Austin, a nonprofit organization dedicated to archiving and safeguarding the city’s history.“There is a great way, through artwork, to honor those folks and really represent them,” Ryan said.

Stream plans to make East Sixth Street a ‘safe haven’ for art and music

<h2 style="text-align: start">Clear kitchen pipes with hot water.</h2>&nbsp;&nbsp;&nbsp;&nbsp;Kitchen pipes often get clogged when liquid fats from dirty pots and pans go down the drain, then harden inside the plumbing, reveals home insurance expert Melanie Musson. To clear pipes easily, pour hot-not boiling water down your kitchen sink. “The hot water melts the fat and grease, helping dislodge and move the gunk down the pipe before it can build up and cause plumbing headaches.” Aim to “flush” your pipes this way about once a week, and you may never have a kitchen sink backup again! <h2 style="text-align: start">Boost water pressure with a vinegar shower cap’.</h2>Did the shower slow to a trickle? Your shower head is likely clogged with minerals, says home pro Gladys K. Connelly. “Just grab a zip-top bag, fill it with white vinegar, and use rubber bands to tie it around the shower head, then leave overnight.” The vinegar’s acetic acid will bust minerals to return your water pressure to normal <div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221230075442.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="599px,379px" data-align="none" data-index="1" data-file-name="clogged sink.JPG" data-file-size="94347" data-origin="," style="width: 599px; height: 379px;"></figure></div> Freshen your disposal with ice cubes.If there’s a mystery odor wafting from your disposal, here’s some good news: A little stink doesn’t mean it’s broken. There’s likely just some leftover food in the mechanism, says plumber Marques Johnson. His advice: Drop a&nbsp;<a href="https://www.womansworld.com/posts/home/how-to-clean-garbage-disposal">handful of ice cubes</a>&nbsp;into the disposal and turn it on. As the ice gets crushed, it safely polishes the inside of the disposal, scouring away built-up debris. <h2 style="text-align: start">Unclog toilets fast with a little dish soap.</h2>Next time your toilet is clogged with toilet paper, simply grab&nbsp;dishwashing liquid, says bathroom maintenance expert Aleksandar Prev. Squirt 1/2 cup of dish soap into the toilet bowl, then slowly add a bucket of hot water and let sit for 10 to 20 minutes. “This helps the detergent lubricate the pipes, making the blockage easier to dislodge.” Once the water level in the toilet has subsided, pour in more hot water and flush. <h2 style="text-align: start">Banish backups with baking soda.</h2>To lift the most stubborn clogs, add 1/ 2 cup baking soda to a bowl of warm water and pour it down the drain. Let sit for 5 minutes, then follow with 1 cup of white vinegar. “It’ll fizz like a science project volcano,” says Connelly. Wait 10 minutes, then run the water to flush the gunk down the pipe.Pesky plumbing problems are solved!

Here’s How to Fix the 5 Most Common Plumbing Problems Yourself

<div style="text-align: start">Written By&nbsp;<a href="https://www.bizjournals.com/austin/bio/42928/Cody+Baird" rel="author">Cody Baird</a></div><div style="text-align: start">Staff Writer, Austin Business Journal</div><div style="text-align: start">Aug 17, 2022</div><div style="text-align: start">Curated by Tony Lazarov </div><div style="text-align: start"> </div><h2 style="text-align: start;">Signs of a welcomed correction abound; Don't call it a buyer's market yet.</h2> Homebuyers continue to gain negotiating power in the Austin area, a welcome change of pace in a market that has been defined for much of the past two years by blistering conditions. The latest numbers from the Austin Board of Realtors convey good — or at least better — news for this home-starved market and people struggling to find a home. They also signal a comforting trend that would help Austin avoid a housing crash after years of phenomenal appreciation. Housing inventory increased in July for the second straight month, to 2.7 months for the region and 2.4 months for Austin city limits, according to ABOR. Instead of a summer outlier, this now seems to point to a trend of decreasing demand, especially in light of rising mortgage rates, combined with homebuilders rallying to bring new homes to the landscape. It's important to note those inventory levels are still far below what's considered a balanced market. Many experts consider&nbsp;<a href="https://www.bizjournals.com/austin/news/2022/07/07/austin-housing-bubble-fears-explained.html" target="_blank" rel="noopener">six months of inventory necessary</a>&nbsp;to showcase an equilibrium between supply and demand.But rising inventory and slowing appreciation show the market is normalizing, said&nbsp;<a href="https://www.bizjournals.com/austin/search/results?q=Cord%20Shiflet">Cord Shiflet</a>, 2022 ABOR president and a top-selling agent with Moreland Properties. "On top of rising housing inventory, home price growth is much closer to the 4-5% annual growth that is typical for a healthy market," Shiflet stated. "In addition, homes sold slightly below list price for the first time since December 2020, proving that buyers are gaining negotiating power in the market." Sellers need to reset expectations as this is not the same frenzied market of a few months ago, said&nbsp;<a href="https://www.bizjournals.com/austin/search/results?q=Ryan%20Leahy">Ryan Leahy</a>, regional president for mortgage company HomeTown Texas, formerly known as Leahy Lending. "The Austin real estate market's inventory and mortgage interest rates have returned to pre-pandemic levels in recent months," Leahy said. "For the first time in a long time, buyers have more flexibility and leverage in the transaction." Lindsay Neuren, a Realtor at the Speed Neuren Group at Compass Realty, said that while we’re still not in a buyers market, the simple fact that there’s more time to buy a home is beneficial for shoppers.“We’re definitely not in a buyer’s market,” she said. “However, buyers have a lot more choices. They can take their time. They don’t have to go bid against 20 other people.”&nbsp; There are still bidding wars taking place for homes, but buyers have been able to translate homes staying on the market longer into an ability to negotiate offers down and avoid “crazy terms” that became more common during the Covid-19 pandemic.&nbsp; Buyers aren't negotiating $100,000 off a home's price, she said, it’s becoming more common to negotiate $20,000-$30,000 off. While buyers may have regained some leverage, one recent study found that Austin remains one of the friendliest places in the country for sellers.The study, conducted by California-based luxury home brokerage RubyHome, ranked the Austin-Round Rock metro the No. 8 easiest place to sell a home out of 93 metros. That was the highest ranking in Texas, with Dallas-Fort Worth not far behind at No. 11. That study looked at the difference between sale and listing prices, average number of days to close, average number of new monthly listings per 100,000 residents and average percentage of homes with a price cut each month. Austin ranked No. 33 in the first category, with homes selling for $56,990 less than the listed price on average; No. 4 in average number of days to close at 24; No. 67 in average number of new monthly listings per 100,000 residents; and No. 8 in average percentage of homes with a price cut each month at 5.5%. July's 2.7 months of inventory was the highest level in the Austin area since November 2018. In June, inventory hit 2.1 months.At the start of the year, inventory for the metro was just 0.4 months, and even less in some highly desirable locations. Even with the slower price growth and rising inventory levels, Shiflet warned policymakers to not back away from prioritizing housing efforts. "Our position at the Austin Board of Realtors hasn't changed: there is a lot of work to be done to address both the present and future of housing in our region," he stated. "We need elected officials who will prioritize housing, and our community needs to work together to find solutions so that anyone that wants to buy a home in Austin can do so within their budget." In addition to the rising inventory, the 2,849 home sales in July represented a 28% drop from the same month in 2021 and a 20% fall from June 2022. The median sales price also continued to fall from the the record $550,000 it hit in April and May, hitting $515,000 in July. That was still an 8% increase from $480,000 in July 2021.As both sales closed and median sales prices decreased, so too did the total sales dollar volume. In June, $2.3 billion worth of homes were sold, while just $1.8 billion worth of homes were sold in July, and that’s down 21% from $2.4 billion in July 2021.Infographic: Check out this snapshot of July sales data from Austin Board of Realtors.

Homebuyers regain some power in Austin as inventory continues to climb

Written by: Justin Sayers
 Staff Writer, Austin Business Journal
 Curated by Tony Lazarov
 <h2>265 jobs promised, but even more possible, exec says </h2>When scouring the Austin metro for a new manufacturing site, GAF Energy LLC executive&nbsp;<a href="https://www.bizjournals.com/austin/search/results?q=Ralph%20Robinett">Ralph Robinett</a>&nbsp;joked that he and his colleagues looked at every industrial site between Austin-Bergstrom International Airport and Georgetown.The solar roofing company started the process last August. GAF Energy had in 2021&nbsp;<a href="https://www.bizjournals.com/sanjose/news/2021/05/11/gaf-energy-manufacturing-r-d-san-jose-south-korea.html" target="_blank" rel="noopener">moved its primary manufacturing operations to Silicon Valley from South Korea</a>&nbsp;but already needed a second site to handle booming demand. Leaders looked at 10-12 Central Texas sites in October before&nbsp;<a href="https://www.bizjournals.com/austin/news/2022/07/13/gaf-energy-tesla-rival-georgetown-texas-austin.html" target="_blank" rel="noopener">settling on one in Georgetown</a>, where they hope to begin operations in 2024."It's been quite an extensive search," said Robinett, senior vice president of manufacturing and employment for GAF Energy. "We looked at basically every building that was available and every site that was under development." GAF Energy on July 19 officially announced plans for the Georgetown factory, days after Austin Business Journal reported the company was eyeing a $100 million manufacturing, office and research and development facility at the southeast corner of I-35 and SE Inner Loop. The site is expected to employ at least 265 people.GAF was launched in 2019 as a subsidiary of global industrial company Standard Industries and has been billed as a competitor to Tesla Inc., which in addition to electric vehicles produces Solar Roof panels and Powerwall batteries. In Georgetown, GAF will produce its Timberline Solar roofing products. That includes nail-on roofing shingles that&nbsp;<a href="https://www.bizjournals.com/sanfrancisco/inno/stories/news/2022/01/05/gaf-energy-takes-top-ces-honors-for-solar-roof.html" target="_blank" rel="noopener">won a best-of-show award at this year's Consumer Electronics Show</a>.The new factory could boost GAF manufacturing capacity by 500%, allowing it to make 5 million solar shingles a year — enough to install solar roofs on about 50,000 homes annually. The company said that would make it the largest producer of solar roofing in the world. "The response from both consumers and roofers to our Timberline Solar roof has been tremendous and we're thrilled to be expanding capacity to meet that growing demand. Georgetown has a long track record as a clean energy leader, so it is the perfect home for us to build the future of solar," GAF Energy President&nbsp;<a href="https://www.bizjournals.com/austin/search/results?q=Martin%20DeBono">Martin DeBono</a>&nbsp;said in a statement. "We launched Timberline Solar because we believed that more consumers would choose solar if they had a more reliable, durable, and attractive option. The market has confirmed our belief — now we’re turning that belief into reality and building the future of clean energy here in the U.S."

Behind the deal: 'Extensive search' ended with GAF Energy picking Georgetown for $100M factory

Everyone agrees that an air conditioner will usually fail when you need it the most, like on one of the hottest days of the year. One afternoon right after coming back home from work, I regrettably found that my air conditioning wasn’t cooling anymore. Dripping sweat, I frantically called management to send an HVAC professional and schedule a service visit. The HVAC pro informed me that the capacitor on the outdoor unit (the essential piece that gives the motor a jolt of power) had blown due to a buildup of dust and debris. What could have prevented this, he said, was so simple I almost cried. To prevent damage to the crucial parts of the outdoor unit, all you need to do is rinse it with a hose twice a year. <h2>How to Clean an Outdoor Air Conditioning Unit</h2><div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20220724085222.jpg" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="316px,206px" data-align="none" data-file-name="hvaC1.jpg" data-file-size="108866" data-origin="," origin-size="634,413" style="width: 316px; height: 206px;" data-index="0"></figure></div> <h2>1. Turn Off the Power to the Air Conditioning Unit</h2> You can safely turn off the power at a disconnect switch near the unit itself or at the circuit breaker in your home's breaker box. Look for a metal box mounted to a house wall near the A/C unit; there will be an electrical cable running from the box to the unit. The disconnect switch is inside the box. Depending on the type of switch you have, you may turn off the power by simply flipping it from on to off. If the switch has a pull-out head, pull out the plastic head from the socket and then flip it upside down and plug it back in (the word "off" will be visible when the head is properly in place). If there is no disconnect switch near the unit, find the air conditioner circuit breaker inside your breaker box and flip the breaker switch to the off position. This will be a big (double-pole) breaker with a long handle. <h2>2. Open the Top of the Unit</h2> Remove the screws or bolts securing the top panel of the A/C unit. Lift the top and carefully set it aside. It may have fan wiring connecting it to the unit interior; if so, position the top assembly so as not to stress the wiring. <h2>3. Clean the Unit's Interior</h2> Remove leaves and other debris from inside the unit, being careful not to touch any wiring or other electrical components. You can also clean the area with a shop vac and hose extension. <h2>4. Spray the Coil</h2> Screw a nozzle sprayer onto a garden hose and put it on a medium-pressure setting; excessive water pressure can damage the thin metal fins of the coil — the radiator-like structure surrounding the unit interior. Spray the fins with water from the inside out, working from the top down to remove dust and debris. If desired, you can apply a coil cleaning product before rinsing per the product instructions. <h4 style="margin-right:0in;margin-left: 0in">TIP</h4> The fins are made of very thin aluminum that bends easily, and they don't work as well when they're bent. You can straighten bent fins with a&nbsp;<a target="_blank" href="https://www.homedepot.com/p/AC-Safe-Air-Conditioner-Fin-Repair-Tool-AC-901/100664958" alt="fin comb">fin comb</a>, but if they're badly damaged, you should call a pro. <h2>5. Clean the Outside</h2> Clean the outside of the unit with a light spray of water. Reposition the unit's top panel and secure it with its screws or bolts. Let the unit air dry. <h2>6. Restore Power to the A/C Unit</h2> Restore power to the unit by turning on the disconnect switch or flipping the pull-out head and reinserting it in the on position as applicable. Be sure to close and secure the door of the switch box. If you used the circuit breaker to cut power, flip the breaker back to the on position and close the breaker box door.

This Simple Tip Would Have Prevented My A/C From Going Out

Austin is no exception to the long-standing trend of tech professionals earning incomes that are double or even treble those of other workers in the area. Austin's IT workers make an average of $150,026 a year, compared to all other industries' average of $78,224. It is consistent with a national trend where tech earnings are more than 65% higher on average than those of other professions. A recent analysis from the Austin Chamber of Commerce on the Central Texas economy shows a difference of around $72,000. The survey also reveals that, overall, average yearly earnings have increased by 8.5 percent since 2020, lagging only slightly behind the salary growth of over 10 percent seen by IT jobs during the same period. Jobs in IT manufacturing are exceptionally well paid. According to the chamber, earnings in this industry are often higher, averaging $159,593. <div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20221230042443.webp" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="605px,335px" data-align="none" data-index="0" data-file-name="Austin Tech Salaries.webp" data-file-size="13744" data-origin="," style="width: 605px; height: 335px;"></figure></div> With over 80,000 high-tech information and other IT jobs making up a sizeable portion of the local labor force, Austin enjoys a sparkling reputation as a tech powerhouse in addition to its rising salaries. In Austin, 16.7% of occupations are in the technology sector, compared to 9.2% nationwide. As Austin rides that wave, the city and other organizations have worked to attract workers to manufacturing employment and other booming sectors of the tech sector in Central Texas. In June, Workforce Solutions, Mayor Steve Adler, and others unveiled a "hire local" initiative and stressed the significance of hiring Austin residents to fill positions with businesses expanding or moving here. However, despite these initiatives to help locals find employment in the expanding tech industry, this salary gap occurs at a time when issues with affordability are making some longstanding residents feel forced out. Additionally, a shift out from the city's center has an ironic effect on a tech hub: a digital divide. Residents believe that the rise in living expenses is a threat to digital equity, according to a recent report by the research firm MEASURE. That's because getting to publicly accessible internet sources takes more time and money as people are forced farther away by housing costs.

Austin tech salaries are tens of thousands of dollars higher than the average for other workers

<div>Author: Nell McPherson&nbsp;</div><div>Jun 29, 2022, at 7:10AM</div>Curated by Tony Lazarov <h2 style="text-align: start">Investment in Land around booming Central Texas and Austin area has a huge potential in these uncertain times. See The Motley Fool article below.&nbsp;</h2><h2 style="text-align: start">Consider taking your real estate investments outside</h2>The idea of real estate investing tends to evoke images of buildings of one form or another, from residential homes to stores, warehouses, restaurants, and more. But renting or leasing out building space isn't the only way to go. Vacant land can be an excellent real estate investment all on its own. Let's explore a few reasons you might want to consider investing in vacant land.<h2 style="text-align: start">1. Land tends to appreciate</h2><div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px; width: 320px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20220703085023.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="320px,149px" data-align="none" data-file-name="image.png" data-file-size="677589" data-origin="," style="width: 320px; height: 149px;" data-index="0" origin-size="923,431"></figure></div>Inflation is a hot topic right now, and that's impacting the way people look at investing. Land can be an excellent hedge against inflation because regardless of what's going on with the economy, it's always in limited supply. As the saying goes, they aren't making any more.That means you can simply buy and hold land, and it will be very unlikely to lose value but will most likely increase in value over time. You could also be more proactive in increasing its value by improving the land in some way, such as planting it in pines.<h2 style="text-align: start">2. Farmland profitability is increasing</h2><div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20220703085233.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="312px,146px" data-align="none" data-file-name="image.png" data-file-size="308876" data-origin="," style="width: 312px; height: 146px;" data-index="1"></figure></div>You'll need to have any land you're interested in evaluated prior to purchasing it so that you can be sure it will be appropriate for your needs in terms of both characteristics of the land and determining what uses zoning will allow for.If it would make good farmland, that's great news. From 2020 to 2021, the value of pastureland, farmland, and cropland increased by around 7%. That's a massive increase for a one-year period. Viable farmland could then be sold at a profit or leased out for long-term income.That means you can simply buy and hold land, and it will be very unlikely to lose value but will most likely increase in value over time. You could also be more proactive in increasing its value by improving the land in some way, such as entitlements etc.&nbsp; <h2 style="text-align: start">3. There's a serious housing shortage</h2><div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20220703085437.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="311px,145px" data-align="none" data-file-name="image.png" data-file-size="505588" data-origin="," style="width: 311px; height: 145px;" data-index="2"></figure></div>The housing shortage means more homes will be needed. Of course, those homes will also need somewhere to be built. Enter vacant land. The possibilities for the right plot of land include subdividing the land and selling it to future homeowners for their site-built homes and creating a mobile home park. For the latter option, you would rent out lots to owners of mobile homes, who would be responsible for the upkeep of their homes and yards.<h2 style="text-align: start">4. Suburbia is expanding</h2><div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20220703085536.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="315px,145px" data-align="none" data-file-name="image.png" data-file-size="832351" data-origin="," style="width: 315px; height: 145px;" data-index="3"></figure></div>Many people were working from home before the pandemic, but the work-from-home revolution is now in full force. As a result of so many people being allowed to work from wherever they choose, more people are heading for the suburbs. So, high-and-dry land just at the edges of suburbia may be well worth a look right now. As the suburbs expand at a faster rate, that land is likely to become much more desirable and valuable.<h2 style="text-align: start">5. You don't have to buy a huge plot of land</h2><div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20220703085634.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="321px,148px" data-align="none" data-file-name="image.png" data-file-size="588336" data-origin="," style="width: 321px; height: 148px;" data-index="4"></figure></div>You might think you would need hundreds of thousands of dollars to spend on a large piece of land to make the investment worthwhile, but that may not be the case. If you buy a small plot of undeveloped high-and-dry land in a desirable location, you can buy and hold it to sell to someone who may want to build their dream home there. Or you can develop the land by clearing an area for a home, taking care of any other needed improvements, and then selling it right away at a profit.<h2 style="text-align: start">6. You don't have to do anything to the land</h2><div class="se-component se-image-container __se__float-none" contenteditable="false"><figure style="margin: 0px;"><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20220703085722.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" data-size="319px,150px" data-align="none" data-file-name="image.png" data-file-size="445685" data-origin="," style="width: 319px; height: 150px;" data-index="5"></figure></div>If your real estate investment includes one or more buildings, you'll be responsible for staying on top of any needed maintenance and repairs for however long you own the property. This can, of course, get quite costly. But vacant land is generally pretty low maintenance.You can make some improvements to the land, as discussed in the previous slide, or not. But you won't have to budget for or deal with the ongoing maintenance and repair issues you will with buildings.

6 Reasons to Invest in Vacant Land

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Great house in West Campus for Aug 2023 pre-lease | REspace Realty Group

Available for Aug 2023 pre-lease, this beautifully maintained one-story brick home is located in a great location just a 5-minute walk from UT Austin. It features 5 spacious bedrooms and 3 full bathrooms. The surrounding neighborhood is friendly and safe, and the close proximity to UT Austin makes it an ideal location for students or faculty. &nbsp;Don't miss out on the opportunity to rent this charming home in an unbeatable location! <a href="https://respaceaustin.com/" alt="Set up" class="on">Set up</a> an appointment to come see it so you can put in a deposit and reserve the house for Aug 2023 move-in.

Great house in West Campus for Aug 2023 pre-lease

Published 12/14/2022 | Posted by Tony Lazarov

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