Market Blog

  • Austin Ranks in Top 10 for US Projected Apartment Deliveries

      Austin is set to welcome 8,837 new apartments this year, the tenth highest number out of U.S. cities within the annual cycle. Austin is one of two Texas cities listed in the top ten list — Dallas-Fort Worth came in second behind New York City. Despite the surge in apartments, rent rates are still increasing nationally. Here in Austin, a handful of reports show our rates rising more... READ MORE

  • Austin’s Airport Prepares for Expansion, Plans for New South Terminal

      Austin-Bergstrom International Airport is nearing the finish line of its current expansion project, while also planning for huge long-term expansions. A new $350 million terminal is entering its final phase of construction, and will add nine gates to boost the airport’s capacity to 15 million passengers a year — a four million increase. This new terminal is expected to open in the spring... READ MORE

  • Texas Experiences 27 Consecutive Months of Employment Growth

      According to a Texas Workforce Commission report in October 2018, Texas’ seasonally adjusted unemployment rate dropped to a record low of 3.8 percent, the lowest it’s been in four decades. In the month of September alone, the construction industry added 3,000 jobs, the manufacturing industry added 2,800 positions, and mining and logging employment grew by 2,600 positions.  ... READ MORE

  • Austin’s Economy Has Best Growth of U.S. Metro Areas in 2017

      According the Bureau of Economic Analysis, the Austin–Round Rock area was the country’s fastest-growing large metro area last year. Austin’s economy grew by an impressive 6.9 percent, and the regions output of goods and services was up from $135.98 billion in 2016 to $148.75 billion in 2017. Bernard Weinstein, a Southern Methodist University economist, said Austin’s expansion is very... READ MORE

  • Texas Ranked Third U.S. State for International Homebuyer Sales

      From April 2017 to March 2018, international homebuyers in the Texas real estate market added $10.89 billion to the Texas economy, according to the Texas Homebuyers Report released by Texas Association of Realtors. The report also revealed that Texas is the No. 3 state in the country for international home sales, Florida and California coming in at first and second. According to the... READ MORE

  • Austin Ranked Second in the Country for Apartment Growth

      In less than two decades Austin’s apartment inventory saw a 75 percent growth rate, contributing to the Texas’ capital having the second highest apartment growth rate in the country, second only to Charlotte, North Carolina. While inventory growth and the number of added apartment units correlates, it is only loosely. For example, while Austin’s number of added units has grown since 2000... READ MORE

  • Austin Job Market Thrives, Dubbed the No. 1 City Attracting New Workers

      As of July 2018, Austin’s job market hiring was up 14.3 percent from the previous year. The city’s strong market has brought more and more people into Texas’ capital. In fact, Austin is the No. 1 city attracting the most workers, according to the LinkedIn Workforce Report. Incoming workers are mainly migrating into the city from Houston, San Francisco and New York, among other cities.... READ MORE

  • HomeAway’s Presence in Austin Grows, Brings Jobs

      In late July, vacation rental company HomeAway announced the opening of yet another office in Austin, which will lead to a total of six offices in the Texas capital. The new office will be located at 11501 Domain Drive, Ste. 100, Austin, and will cover 200,000 square feet. HomeAway also has a 16-story office building under construction, which will open in 2019 and will complete a three-... READ MORE

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"I have always enjoyed working with Ellen on past transactions and hope to do so again. In fact, in the 30+ years of my property management career, I have found Ellen to be the most experienced broker in multifamily investments in town and certainly the most amicable."