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News – Austin

* This news feed is generated through NewsTalk Texas, provided by the Real Estate Center at Texas A&M University

​​​​RICHARDSON – NE Construction is building an apartment community on three acres on Spring Valley Rd. west of US 75.

The urban-style rental community will have a five-story parking garage and a four-story building with 186 units. Apartments will range from 500 to 1,000 sf​

It will replace a 60-year-old, 73-unit townhouse project.

Arrive Architecture Group designed the community.

Texas logoThe Real Estate Center​​​​ has more information like this online for free:

​Source: ​Dallas Morning News

​​MIDLAND – Local unemployment continued trending downward last month​​ as the pandemic and oil downturn began to ease.  

The unemployment rate fell from 9.5 percent in July to 8.1 percent in August. However, the rate remains well above the 2.3 percent recorded last year​.

The civilian labor force increased by 4,000 over the month to 106,263 people. However, that number is still 10,500 below last year's levels.

Texas logoThe Real Estate Center has a wealth of economic information online for free.

​​MIDLAND – Local unemployment continued trending downward last month​​ as the pandemic and oil downturn began to ease.  

The unemployment rate fell from 9.5 percent in July to 8.1 percent in August. However, the rate remains well above the 2.3 percent recorded last year​.

The civilian labor force increased by 4,000 over the month to 106,263 people. However, that number is still 10,500 below last year's levels.

Texas logoThe Real Estate Center has a wealth of economic information online for free.

​SEGUIN – TFE 321 LLC has acquired 10Forty8 Modern Living, a 128-unit apartment community at 1048 Country Club Dr. 

Built in 1973, the property has one- to three-bedroom units. Monthly rents range from $835 to $​1,125.

Amenities include a pool, fitness center, outdoor grilling area, and laundry facilities. 

Colliers Mortgage and Old Capital Lender arranged the Fannie Mae acquisition loan.​

texaslogo.pngThe Real Estate Center has more news like this online for free:

​AUSTIN – ​​With Texas’ unemployment rate falling to 6.8 percent, Texas will no longer have access to additional unemployment insurance benefits that would have kicked in after benefits under the Coronavirus Aid, Relief, and Economic Security (CARES) Act are exhausted. 

Provisions under the CARES Act will continue until Dec. 26, 2020.

The High Unemployment Period (HUP) is an extension for states with unemployment rates over 8 percent for over three months as determined by the U.S. Department of Labor. Texas became eligible for HUP benefits in June, but lost eligibility as the unemployment rate fell below that threshold in August.​​​

For people currently receiving unemployment benefits, nothing changes.

Because extended benefits had not been exhausted, Texans were typically not receiving HUP. In special circumstances, some persons’ extended benefits may have been exhausted early, in which case HUP would apply.

For traditional benefits recipients (up to 52 weeks), the following benefits timelines still apply: 

  • Regular unemployment – Up to 26 weeks.

  • Pandemic Emergency Unemployment Compensation – Up to 13 additional weeks.

  • Extended benefits – Up to 13 additional weeks.

Workers not elgible for traditional benefits (self employed, gig workers, etc.) can still receive up to 39 weeks of Pandemic Unemployment Assistance.

For more information on eligibility requirements, available benefits and questions about the unemployment process, visit the Texas Workforce Commission's COVID-19 FAQ page.

Texas logoThe Real Estate Center has a wealth of economic information online for free.