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Real Estate News

Where to begin your home search in Austin

By | Just for Fun, Real Estate News | No Comments

For several years now, Austin has been at the top of the list for fastest growing cities in America. Whether it’s the tacos, the pet-friendly environment, the laid-back lifestyle, job opportunities, the weather, live music, or education, Austin has something to offer for everyone!

While moving to Austin may be an easy choice, it’s difficult to figure out where to start when looking for a place to live.  Each area of Austin has something unique to offer. If you are looking for luxury condo living, surrounded by dining and entertainment, downtown is the place for you. If you are looking for the hipster, “keep Austin Weird” crowd, then south Austin may be a better fit.

Check out the quiz below from move-to-austin.com to help identify which Austin neighborhood fits your preferences. Taking into consideration your age, lifestyle and price range, this assessment will help you narrow your search and get one step closer to your new home in Austin.

http://www.move-to-austin.com/austin-tx-neighborhood-quiz.html

Owning a home in Austin may be more affordable than you think!

By | Real Estate News | No Comments

According to recent data from Smart Asset, a personal finance website, buying a house in Austin may be more affordable than you think. Using median home value, estimated down-payment cost, estimated length and percent interest rate of mortgage payments, and predicted annual inflation, SmartAsset calculated monthly home payments for the largest 15 cities in the country.

Monthly payments on the average home in Austin, Texas are around $1,426, making the suggested yearly salary for buying a house $47,523. While Austin is home to some of the highest property taxes, overall home value remains reasonable, making our city more affordable than big California cities.

This list from Smart Asset ranks the 15 largest cities in the U.S. by salary needed to afford a home. Austin sits at number 6, followed by Chicago, Dallas, then Houston. As Austin continues to be a popular destination to relocate, the housing inventory will decrease, which will continue to drive prices.

So, if you are looking to buy a home in Austin, now is the time! Use these monthly payment estimates to decide if Austin is affordable for you. The below image outlines the salary needed to afford home payments in the top 15 cities—Austin is No. 6.

Click here to read more insights from this in-depth study.

(Shared article from SmartAsset.com)