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Austin’s office market among ‘Top 10 markets to watch’

By Shonda Novak | Thursday, October 18, 2007, 11:55 AMAustin has landed on the Sperry Van Ness “2007 Top 10 Markets to Watch” report for office properties nationwide.

Austin landed on the list because of its healthy population growth and a projected 7.25 percent rise in office rents in 2008.

Here is the full release:

Sperry Van Ness, one of the nation’s largest commercial real estate brokerage firms, has released the office edition of its 2007 Top 10 Markets to Watch Report, examining economic factors that impact future office investment real estate.

The report focuses on future trends and the markets that show the greatest potential for income growth based on these economic movements, rather than current market data.

In its 2007 report, Sperry Van Ness cites the top office investment markets to watch as >>>Click for full article

As national housing market tumbles, how will Austin fare?

A look at what factors may spell trouble in the months ahead. By Shonda Novak and M.B. Taboada
AMERICAN-STATESMAN STAFF
Sunday, October 07, 2007

Richard and Andrea Flinchbaugh are building a bigger home in Round Rock and are trying to sell their home in the Forest Creek subdivision. It has been on the market since May, and they’ve dropped the price from $525,000 to $450,000. They’re getting worried that they’ll be saddled with two mortgages, now that their new home is near completion.

An investor bought a home in January on Mesa Drive in Northwest Hills and sank a sizable sum into extensive remodeling before putting it on the market in June. It hasn’t sold, and he’s antsy. He recently cut the price by $45,000 to $930,000 and unfurled a giant banner that declares: “Owner says: Bring Me an Offer.” >>>Click for full article