Propelled in large part by rock-bottom interest rates for mortgages, the homeownership rate in the Austin area has skyrocketed.

An August 12 report from the Texas A&M Real Estate Center shows the homeownership rate in Austin hit 65.3 percent in the second quarter of this year. That’s up from 59.4 percent in the first quarter of 2020 and represents the steepest climb in homeownership among Texas cities. 

Since the real estate center began tracking Austin’s homeownership rate in 1996, the highest rate was 69.3 percent, seen in the third quarter of 2006; the lowest rate was 49.2 percent in the fourth quarter of 1996.

The upward trend mirrors what's happening statewide. In June, Texas' homeownership rate hit a new high mark.

According to the…

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The housing market is in a unique situation this year as mortgage rates have hit record lows at a time when many Americans are struggling financially due to the COVID-19 pandemic.

But for those who have the extra cash on hand, buying a home right now could be the ideal situation--and Austin is one of the best real estate markets in the nation for buyers.

WalletHub looked at 300 cities across the U.S. to determine their rankings, including factors like median home-price appreciation to home sales turnover rate to job growth.

Austin came in at number 7 overall, and 3rd among large cities.

The survey graded Austin's real estate market health:

  • 42nd – Avg. Days Until Sale
  • 54th – Job Growth Rate
  • 102nd – Foreclosure Rate
  • 54th – % of…

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Elegant home on a large lot with resort style pool on the iconic street of Balcones Dr! Renovated upscale transitional style Kitchen opens to the expansive living room with soaring ceilings. Fabulous architectural features and ample light throughout - Great room with two story ceilings, custom glassed in 1,100 bottle wine room, grand circular staircase, enormous master suite, french doors open to spacious covered al fresco dining area overlooking the refreshing pool and wood burning fireplace.

 

Search for homes in the neighborhood below:

 

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Unique Jester residence perched on a half acre hillside lot, nestled among native trees with spectacular NE views of the Hill Country. This spacious home features a contemporary interior design with an open floor plan, vaulted ceilings, ample natural light, fireplace, beautiful kitchen with granite counter tops & stainless appliances, amazing master bedroom with 180 degree views and access to oversize deck. Multiple living areas and covered porches, an ideal home for living and entertaining!

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The fast-growing community of Dripping Springs is about to grow even more. Meritage Homes recently kicked off the sale of more than 700 homes in the 200-acre, master-planned Big Sky Ranch development, about 25 miles west of downtown Austin.

Big Sky Ranch Prices for the single-family, one- and two-story homes start in the $260s. Square footage ranges from roughly 1,600 to more than 3,500. In all, the project — at U.S. Highway 290 and RR 12 near downtown Dripping Springs — features 21 home designs.

“The proximity of this project to the core city limits of Dripping Springs will encourage future residents to walk to destinations like our downtown historic districts, Founders Memorial Park, and other retail establishments within walking distance,” Ginger Faught,…

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A rare combination of privacy and convenience on the south shore of Lake Travis.  The Lakehouse is a privately gated, 13 acre waterfront estate with an entrance from RR 620. Through the gates, a private hill country drive leads you to the iconic Lakehouse, a waterfront home of splendid detail.  Every detail Architecturally planned and elegantly executed by the finest Builders and Designers in Austin.  The residence boasts over 12,000 square feet inclusive of the detached guest house.  

 

  • Main house:

The main level is designed with entertaining in mind with three living areas, two dining areas, a Chef’s Kitchen and two powder baths, multiple patios and a grilling area.

The entire second level is a Master suite featuring a…

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