luxury condos

Harold Hunt, a research economist with the Real Estate Center at Texas A&M University, published an interesting profile of the downtown Austin condo market in Tierra Grande.

First, the report calculated that "about 1,500 condominiums have been delivered to the downtown market since 2001 .

. .To date, nearly 98 percent of those units are sold and closed" Of the 18 projects completed over the last seven years, all but 18 of 1,544 units have been sold.

New York City is housing some homeless families in Brooklyn luxury condos. The New York Daily News says the condos couldn't attract buyers in the current housing market.

Now they're filling a need for some of the city's unprecedented number of homeless families.

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The Statesman ran a comprehensive analysis of the current condo building boom -- it was the lead story in today's paper.

As part of the article, they interviewed many experts on the downtown condo market.

With the ongoing mortgage crisis, the billion dollar question is how the Austin condo market will fare.

The answer: while the Austin market is one of the strongest in the country and condo demand remains strong, nobody really knows.

The issue is that this is a new market: there is really no good parallel in the history of the city. According to the Statesman:

The Statesman ran a comprehensive analysis of the current condo building boom -- it was the lead story in today's paper.

As part of the article, they interviewed many experts on the downtown condo market.

With the ongoing mortgage crisis, the billion dollar question is how the Austin condo market will fare.

The answer: while the Austin market is one of the strongest in the country and condo demand remains strong, nobody really knows.

The issue is that this is a new market: there is really no good parallel in the history of the city. According to the Statesman: