Good afternoon, and thank you for subscribing to Building Austin, our weekly newsletter focused on real estate, growth and development in the Austin region. I’m Shonda Novak, the American-Statesman’s real estate reporter.
Despite fluctuating mortgage interest rates and economic uncertainty, the uber wealthy are still buying high-dollar homes in the Austin market, according to real estate agents and a new report from Compass, a leading luxury brokerage.
More:See inside this massive 6-acre Lake Austin compound, formerly listed for $50 million
In a recent email, Austin luxury real estate broker Eric Moreland told me that demand remains strong in the local…
Commercial real estate fears are overblown, a portfolio manager told CNN.
While demand for office spaces has slumped post-COVID, other property types are quite healthy.
Commercial mortgage bonds have priced in the bad news and sentiment could soon improve.
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Everyone needs to chill out about the commercial real estate market.
That’s according to a portfolio manager at Brandywine Global. In an interview with CNN, Tracy Chen said much of the recent hand-wringing over the commercial property sector is overblown.
“If…
The property located at 36 Bayberry Lane in Eastham was sold on Feb. 16, 2024. The $1,225,000 purchase price works out to $865 per square foot. The house, built in 1949, has an interior space of 1,416 square feet. This two-story home presents a roomy floor plan, featuring five bedrooms and two bathrooms. The home’s outer structure has a gable roof frame, composed of asphalt. Inside, a fireplace enhances the ambiance of the living area. The property is equipped with forced air heating and a cooling system. The lot of the property is substantial, measuring 10,890 square feet.
Additional houses…
Amidst unprecedented global uncertainties beginning early 2023, the Indian real estate sector not only weathered the storm but has emerged as a beacon of resilience and adaptability during the year. On an annual basis, housing prices rose between 10% and 24% across the top 7 cities, primarily due to increased input costs and strong demand.
Interestingly, despite price rise a significant jump in housing sales and new launches was seen. As per ANAROCK Research, 2023 saw all-time high housing sales of nearly 4.77 lakh units across the top 7 cities, 31% more than 2022, thus creating a new peak in…
A spacious house located at 3 Holly Ridge Drive in Sandwich has new owners. The 3,732-square-foot property, built in 1985, was sold on Feb. 12, 2024. The $1,149,000 purchase price works out to $308 per square foot. This three-story house offers a roomy layout with four bedrooms and five baths. The home’s external structure has a gable roof design, covered with asphalt roofing. Inside, there is a fireplace. Additionally, the house is equipped with an attached garage. The lot of the property covers a substantial area of 0.6-acre.
Additional houses have recently been sold nearby:
A 2,556-square-foot home at 11…
Many institutional investors take a hands-off approach to their real estate investments. “Rather than investing in properties directly, they provide capital to developers and funds with the real estate expertise to find deals and manage commercial properties,” Bazzano said.
The largest institutional investors, however, may have internal teams that focus on real estate and help identify and manage investments.
Institutional real estate investors’ asset classes and strategies
Institutional investors invest in a wide variety of real estate assets, including multifamily properties, office buildings and retail, as well as those in newer or more niche sectors, such as student housing, self-storage,…
Real estate market picks up
Photo: Contributed
Inventory jumped last month and so did the prices in the BC Interior real estate market.
The Association of Interior Realtors released its February data on Tuesday, and sales were up across the board from January. The number of listings, meanwhile, were up compared to both January and February 2023.
Despite the uptick in listings, prices still found a way to move up in nearly all housing categories in every Okanagan region and in Kamloops.
“It is refreshing to see overall market activity starting to pick up ahead of spring, which is typically…
You probably caught wind of the lawsuit involving the National Association of Realtors (NAR). It’s stirred up some talk in the real estate circles, and it’s got both buyers and sellers wondering what the ripple effects might be.
Here’s the gist: The lawsuit took aim at certain practices within the NAR, particularly how commissions are structured in real estate transactions. It’s sparking discussions about transparency and fairness in the industry.
The California Association of Realtors (CAR) has been ahead of the curve, and transparency is top of the list.
Now, you might be wondering, “How does this affect me?”
Well,…