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Market News and Trends

Austin’s not on this list

Aside from the fact that most of these cities have winter, many have other issues as well.  I’m glad Austin isn’t among them:

10 most affordable cities for homebuying

While we’re not the most affordable community in the U.S., we’re far from the least affordable as well.  Here’s a quick comparison of Austin to other Texas cities, and to Texas and U.S. averages for the Housing Affordability index:

Housing Affordability 121312

The Housing Affordability Index is the ratio of median family income in a community to the income required to qualify for a 20%-down fixed rate mortgage for a median-priced home in the same community.  A higher HAI is better — i.e., more affordable — than a lower HAI.  The list above is sorted from high to low for the most recent period reported.

About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.


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