Senator Watson (D-Austin) envisions a massive investment in Austin to create a medical school, complete with a state-of-the-art training hospital, in collaboration with Seton Healthcare. The University of Texas would provide the medical degree and educational components of the plan. While he recognizes the challenge he is up against, he expressed a strong desire to move this past talk and into action.
The downtown Austin apartment market continues to show strength. A recent announcement for a new high-rise luxury apartment building is a good indication of the confidence that investors and developers have in the urban core rental market.
With the recent devastation due to wildfires in the Central Texas region, we thought it would be appropriate to outline the impact wildfires can have on real estate and the housing market. While not specific to the most recent fires, these are common effects a wildfire can have on a local market. Continue reading
Mark Sprague, Director of Business Development at Mission Mortage of Texas, Inc, was recently asked questions regarding the housing market in Austin. We are sharing the questions and Sprague’s answers to the most recent questions. To learn more about new home starts, top builders, most popular subdivisions, and more, please read the full story… Continue reading
The Marriot company has announced formal plans to build one of their signature Marquis brand hotels in the heart of downtown Austin. The hotel will be just two blocks from the convention center and will provide an estimated 1,000 hotel rooms. Along with the hotel rooms, the Marriot Marquis plans 110,000 square feet of meeting space, a 4,500 square foot fitness center, and space for multiple retail and restaurant venues. Continue reading
Mark Sprague, Director of Business Development for Mission Mortgage, provided a Mid-Year Forecast for 2011 on Thursday to a packed room of realtors, business leaders, and others interested in the local housing market. His presentation was covered and reported by Shonda Novak of the Austin American-Statesman. Continue reading
Shonda Novak contacted Mark Sprague, Director of Business Development for Mission Mortgage, to request his input on PSW’s approach and success.