City of Austin to vote on phase 1 of HOME initiative
The City of Austin is set to vote on phase one of HOME, Home Options for Middle-Income Empowerment, on Thursday, Dec. 7.
Housing affordability crisis: New report looks at how bad it is in Austin
In this FOX 7 Focus, Clare Losey with the Austin Board of Realtors joins FOX 7 Austin's John Krinjak to discuss a new report showing how bad Austin's housing affordability crisis is.
Austin City Council approves items on safety, charity auction; hears comment on housing
While housing remains the focus at Austin City Hall, the City Council has approved other items involving public safety and a future auction to help officers who are struggling financially.
Cash offers for homes reach near decade high in September
Over 30% of wealthy homebuyers in September bought a home in all cash, allowing them to avoid interest. Rates are still hovering just under 8%, a high not seen in two decades.
LA 'Tenant from Hell' moves out of Airbnb rental in Brentwood after 500+ days of not paying rent
The woman dubbed as "the Tenant from Hell" is moving out. The news, shared by the Airbnb landlord, comes a month after the woman made headlines for refusing to leave the multimillion-dollar rental in Los Angeles' Brentwood neighborhood.
Resolution proposed to relocate Austin historic homes, increase sustainability
Austin population growth means the need for more homes. One idea to boost housing is not building new, but rather preserving old homes. Preservation Austin joins FOX 7 to discuss.
Austinites, both for and against HOME Initiative, speak out on proposal
The city of Austin is considering changes to the land development code. These changes could affect how your property or properties near you may be developed or used in the future.
US housing market needs 1M more homes to satisfy demand
National Association of Realtors Chief Economist Lawrence Yun argued that policy changes could boost housing supply. The shortage of homes is keeping upward pressure on prices.
Austin City Council takes on housing market, I-35 expansion
District Six council member Mackenzie Kelly joined FOX 7 Austin's Rebecca Thomas to discuss the Austin housing market.
Historical Travis County homestead saved, relocated
The Gray House, an original Travis County homestead that dates back to the 1870s, was relocated Tuesday as part of an effort to preserve it.
Rent increases, unanswered repair requests prompt North Austin residents to protest
About two dozen people showed up to the leasing office on Thursday with two major complaints: repair requests and rent increases.
City of Austin receives $4M grant to create reuse warehouse to benefit homeless
Once fully operational, the reuse warehouse will accept drop-off furniture donations to redistribute to nonprofit organizations working to furnish transitional homes for the homeless.
Millennials feel they missed 'golden opportunity' to buy a home
A key mortgage rate reached 7.18% over the past week.
Miami Beach's iconic Clevelander Hotel and Bar to be replaced with affordable housing development
Plans are underway for an iconic Miami Beach hotel and bar to be replaced with a high-end restaurant and affordable housing units, the building's owner announced.
Silicon Valley billionaires want to build a new city in rural California
Silicon Valley billionaires behind a secretive $800 million land-buying spree in Northern California have finally released some details about their plans for a new green city, but they still must win over skeptical voters and local leaders.
Expert says ‘some kind of miracles’ needed in 'world of real estate' to reverse trends
The housing market continues to leave homebuyers struggling to find affordable options as mortgage rates surge and inventory remains scarce.
Survey: Half of homeowners want to move but feel stuck
Even a small shift in mortgage rates could make a big difference to home affordability.
Home prices will rise in 2023 as affordability crisis worsens, Goldman says
Goldman Sachs projects home prices to climb by 1.8% this year amid housing shortage
The US housing market may be trapped in a prolonged freeze
Fannie Mae economists predicted in a revised forecast that the U.S. housing market faces a prolonged downturn due to high mortgage rates and limited supply.
Hobby Building in downtown Austin up for sale
The for sale sign officially went up at the Hobby State Office Building in downtown Austin. The announcement comes with the condition that the new development there will include affordable housing for government employees.