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 trial of a real estate tycoon accused of embezzling billions of dollars began in Ho Chi Minh City, Vietnam, Tuesday.
Prosecutors say Truong My Lan, the chairwoman of real estate development firm Van Thinh Phat, siphoned $12.5 billion from Saigon Joint Stock Commercial Bank between 2012 and 2022. Lan, who controlled a majority stake in SCB, allegedly embezzled the money by arranging fake loans to numerous shell companies.
Another 85 people are being prosecuted in connection with the case, including Lan’s husband, a wealthy Hong Kong businessman, and several former bank executives and government officials, including at least one…
The Prairies continue to offer Canadian homebuyers something they have been craving for a long time: Housing affordability.
The Saskatchewan and Manitoba real estate markets are still enjoying low-priced residential properties, especially compared to other places in the Canadian housing industry.
In Manitoba, for example, the average sales price for a home in November was just below $329,000. Believe it or not, this was actually down nearly five percent from the previous month.
Of course, when you dive a little bit deeper into the Manitoba housing sector, you see even more affordable homes for families trying to get their foot…