Tag Archives: Austin
Good Luck Finding a House! Forbes Ranks Dallas as Third-Fastest Growing City Behind Houston And Austin
As Candy already mentioned, pre-owned inventory is scary low, which is driving prices up for Dallas properties. Sure, demand means a seller’s market, but what about all of the folks that are either being born or moving to Dallas? That’s putting our housing market in a tough spot! Several big corporations have moved to Dallas in recent years — Comerica Bank being one of the largest — which has made move-in ready pre-owned homes sell like hotcakes. Continue reading
It wasn’t reflective heat, but Austin, our oh so ecologically correct sister city to the south, had major problemos last summer with the W Hotel and Residences last summer. The Austin-American Statesman found that Austin ”does not insist on the safest kind of architectural glass for guardrails, or specifically, require engineering inspections of exterior balconies on the high-rise buildings proliferating downtown.” Wow. Naturally, this led to some lawsuits.
You may recall the W opened in December, 2011, very hip and cool, but six months later was shuttered, streets around it cordoned off. What happened? Eight panes of glass had mysteriously shattered, falling from balcony railings more than 200 feet high, crashing to city streets below. At least four people were injured, more damaged. Whether it was the heat that loosened high-strength grout from the bottom of the balcony slab on the 27th floor, or falling debris that damaged the top edge of glass the sleek glass panels, held by the hand-rail system at only four points, it was a mess. Experts told the Statesman that tempered glass, which is made by heating and then quickly cooling regular glass, is extremely strong toward the middle of a pane, but weakens considerably at its edges where it is more vulnerable. To this everyone looked at the developer’s engineering designers:
Central Texas home sales are up 19% over the same time period last year, that’s the good news. Bad (maybe) news is, prices have declined. The median price of an Austin area home last month declined by 3 percent to $189,720, according to the Austin Board of Realtors. For the year, the area’s median home price remained unchanged at about $194,900.