The city of Lakeway in the Greater Austin suburbs lacks a central gathering place for its residents. A local developer is working to change that with a $500M mixed-use development that will provide its own take on a town square.
The Colony Park area in Austin hasn’t had equitable access to healthy food, transit, health care, and jobs since it was annexed in 1973. Since 2012, federal and local groups have been working to change this through the Colony Park Sustainable Community Project. Now that the project has been approved and funded by the city, it is moving toward construction.
Almost 80 new single-family homes for sale are being built seven miles south of Downtown Austin. The boutique development titled “Village on Cooper Lane 26' is the work of Houston developer David Weekley Homes. They broke ground in late September.
Condominiums near South Lamar Boulevard are usually priced at around $1M at least, however, a new development is making the area more accessible. If you’ve always wanted a condo around S Lamar, but couldn’t accord the 7-figure price tag, Montage by Pearlstone Partners may help you make that a reality.
This is a walkable, dog-friendly neighborhood with plenty to do indoors and out. This Austin neighborhood has been described as a young professional’s dream, making it perfect for first time home buyers.
If you analyzed the housing market in the recent past, it can seem like the housing market drove away many young buyers from buying their first homes. For many, this is true. As shown in a new survey by Money and Morning Consult, 48% of Gen Z (those born between 1997 and 2012) and
Two real estate trends that were accelerated by the pandemic could affect the suburbs of Austin. Even before the lockdown, millennials in small to medium cities were moving out of city centers to the suburbs, and many residents of bigger cities were moving to smaller ones.
Austin was named one of the most eco-friendly cities in the US, which is great not only for the future of the city but also for all long-term real estate investments. Climate change is on the mind of many buyers - they want to invest in something that will withstand changing weather patterns. The city was named the number 1 eco-friendly city in the United States.
Southeast Austin is getting more and more attention from real estate investors, Property owner and entrepreneur Barakat Ali, development company Presidium, and Elon Musk and Tesla have everything to do with it.
Q2 2022 ended with Austin being a top 5 market nationwide in terms of strength and low inventory but definitely seeing tempering due to equities markets pulling back, interest rates rising from 3.5% to 5.5% and inflation. At The Morshed Group, starting in Q4 of last year, we were letting clients know 2022 would be the year things finally cooled.