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…
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…
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 report: Housing market predictions
Spring is just around the corner, which typically marks a rising real estate market but interest rates could hold the housing sector back. LiveNOW’s Lexie Petrovic talks about real estate with FOX Business contributor Katrina Campins.
As economic woes continue to pummel the housing industry, one real estate developer is finding opportunities within a new market – the “forever renters.”
Post Brothers CEO and co-founder Michael Pestronk joined “Varney & Co.” Friday to discuss the real estate opportunities brewing in urban areas as some Americans are opting to rent instead of buying a home.…