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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

Many years of business experience (high tech, client service, business organization and start-up, including 18 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. Learn more about my background and experience, my commitment to my clients, my profession, and to the real estate industry at CentralTexasHomeSearch.com.

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