Real Estate News

Austin Mayor Steve Adler said City Council will take up its hotly debated parkland dedication fees in September with an emphasis on making affordable housing a top priority. [...]

We've mapped out the most affluent areas of Austin to complement our latest list of the wealthiest ZIP codes in Central Texas, which is rich with data such as household income levels, population, per capita income and more. Also included with this report: ABJ's latest lists of new neighborhoods, condo [...]

Austin's Zoning and Platting Commission has given unanimous approval for platting the first phase of a master-planned community that could eventually have 2,500 single-family homes. It's in a part of the Austin metro that "has been underserved from a housing perspective," one exec said. Click through to read more about [...]

The latest numbers from the Austin Board of Realtors are all good — or at least better — news for this home-starved market and people struggling to find a home. "For the first time in a long time, buyers have more flexibility and leverage in the transaction," one expert said, [...]

A development team has revealed plans for the $750 million Legacy Crossing mixed-use project, bringing more than a thousand homes, hundreds of multifamily units and hundreds of thousands of square feet of retail and commercial space to the southeast corner of U.S. Highway 281 and State Highway 71. Also included [...]

Zion Capital Group LLC, which was only incorporated in March 2021, just bought five apartment buildings, totaling 325 units. But that's just one of many recent commercial real estate deals to go down. Get all the details in this round-up, including info on the brokers handling the action, plus access [...]

Real estate technology companies grew aggressively in recent years to keep up with sky-high demand for homes. Now that there are signs of a slowdown in homebuying, some startups are paring back growth projections. Austin-based Homeward just announced it's cutting 20% of its staff, which could amount to more than [...]

Austin is considering moving forward with a zoning request that sparked controversy 10 years ago. The Westgate Tower, completed in 1966, contains 93 condo units whose tenants over the decades have included business leaders, government officials, state legislators and lobbyists. [...]

The next city of Austin budget includes an increase in what residential builders pay in parkland dedication fees. Homebuilders argue that rising fees ultimately fuel the city’s biggest issue: affordability. Click through for an explanation of what's proposed. [...]

The construction industry's struggles to attract and retain labor have been well documented. But has the construction labor issue gotten better, worse or remained about the same since the pandemic? And what happens in the event of a recession? [...]