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Texas Attracts Almost Half a Million New Workers

February 26, 2024

Texas attracted 497,454 potential workers over the past 12 months, according to the Texas Real Estate Research Center’s Outlook for the Texas Economy. This rate continues to “surpass the record-high total labor force according to the household survey.” The unemployment rate fell to 4 percent, the first decrease since April 2023, while the participation rateRead More

austin skyline homes

New Luxury Lake Travis Community

December 14, 2023

A new luxury master-planned community will be coming to Lake Travis. Travis Club Austin will begin construction on its first phase in the beginning of 2024. The first construction phase will include homes, as well as a golf course that is expected to open by the end of 2025. The luxury home community will haveRead More

Two New Luxury Communities Coming Soon to Lake Travis and Spicewood

November 29, 2023

Two new luxury home communities are underway in the west of Austin areas of Lake Travis and Spicewood. In Lake Travis, the initial 50 homesites in Travis Club have been sold, according to the Austin Business Journal. This luxury home neighborhood will have 274 single-family lots and 223 villa units. Lot prices begin at $775kRead More

Texas Economy Still Outpaces Nation

September 26, 2023

Despite national economic headwinds, the Texas economy continued to show positive signs, with payroll reaching new heights, expanding 3.3 percent year over year, according to the latest Outlook for the Texas Economy from the Texas Real Estate Research Center. Texas had a high workforce participation rate of 64.2 percent, and unemployment remained steady at 4.1Read More

New homes under construction in The Overlooks

Go Big and Go Austin

August 25, 2023

Austin, Texas homes are some of the biggest in the nation. And the lots, too. Austin homes ranked third in the nation for biggest homes, coming in at 2,020 square feet, according to a Storage Cafe report. Yard size came in at 8,620 square feet, ranking 12th in the nation. This placed Austin as sixthRead More

Luxury Master-planned Community underway in Spicewood

June 21, 2023

The first phase of Thomas Ranch in Spicewood broke ground this June. The 2,200-acre luxury community off Highway 71 in the Texas Hill Country will offer 3,500 homes when complete, as well as two miles of riverfront, 40 miles of trails, 1,200 miles of preserved or improved open space, a golf course, a boutique hotelRead More

Texas Economic Outlook Remains Robust

March 6, 2023

The Texas economy continues to perform, even with national headwinds. “Despite stubborn inflation growth and overall economic uncertainty, the Texas economy has remained robust,” stated a monthly economic report from the Texas Real Estate Research Center. Employment has continued to increase, and the Texas economy created 29,500 new jobs in December. As a result, theRead More

Austin real estate

Construction to Begin on Four Seasons Private Residences

March 2, 2023

Construction on the Four Seasons Private Residences Lake Austin will begin June 1, 2023, according to filings by Hines and Austin Capital Partners, as reported by Connect CRE. The expected cost to build the project is $830 million. “The new Lake Austin residential community will be distinguished by its modern architecture, private waterfront access, unmatchedRead More

Texas Economy Expands But More Slowly

September 30, 2022

While the Texas economy does appear to be “losing some steam,” according to a report from The Real Estate Research Center at Texas A&M University, it is still experiencing “impressive” growth. For example, in July 2021 statewide year-over-year (YOY) growth was 13 percent compared to 12 percent in July of 2022. Austin had the biggestRead More

Austin real estate

Texas’ Post-Pandemic Population Boom

March 16, 2022

While Texas has had a population boom “for the past decade thanks to its pro-business environment, relatively affordable housing, and friendly charm,” the “onset of COVID in 2020 brought another wave of newcomers,” according to Take Me To Texas: Post-Pandemic Population Boom by Joshua Roberson with Texas Real Estate Research Center. Between the summers ofRead More

Austin real estate